Huawei Technologies Co. pleaded not guilty Wednesday to racketeering charges filed last month by U.S. prosecutors who accused the Chinese telecommunications equipment giant of a 20-year pattern of corporate espionage.
filed last month by U.S. prosecutors who accused the Chinese telecommunications equipment giant of a 20-year pattern of corporate espionage.
Huawei and Chief Financial Officer Meng Wanzhou already were facing charges that they evaded U.S. sanctions on Iran and lied to American authorities. Prosecutors in February unveiled a revised indictment that seeks a stiff punishment under federal racketeering law for the company’s alleged conspiracy to steal intellectual property from half a dozen U.S. firms over the years.
The revised indictment doesn’t name the businesses from which Huawei allegedly stole intellectual property. But details of the allegations match descriptions of Cisco Systems Inc., Motorola Inc., T-Mobile US Inc. and Cnex Labs Inc. Several related cases involving Huawei, including one in Seattle and another in Brooklyn, are also pending.
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