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Tension grows as US charges Huawei top exec with bank fraud, violating sanctions

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Tension grows as US charges Huawei top exec with bank fraud, violating sanctions

Tension between the United States and China, which are already embroiled in a bitter trade war is about to ratchet up after a top executive of Huawei was charged with misleading banks and violating US sanctions.

Also joined in the charge by the US Department of Justice are two subsidiaries of the Chinese tech company which are also charged in a separate indictment with stealing trade secrets from T-Mobile.

Read also: US Senate hands Trump rare double rebuke over war in Yemen, murder of Khashoggi

No immediate reaction to the charges have been made by Huawei on its Twitter or Facebook accounts.

The company and Meng Wanzhou, Huawei’s chief financial officer and daughter of the company’s founder have denied any wrongdoing.

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