View Full Version : US Pursuing Criminal Investigation Of Huawei

01-16-2019, 06:24 PM
Stocks were hit just after 3:30pm when the WSJ reported that Federal prosecutors are pursuing a criminal investigation of China’s Huawei Technologies - whose CFO was arrested late last year and is pending extradition to the US - for allegedly stealing trade secrets from U.S. business partners, "including the technology behind a robotic device called “Tappy” that T-Mobile US Inc. used to test smartphones."

As the WSJ reports, the criminal investigation grew in part out of civil lawsuits against Huawei, "including one in which a Seattle jury found Huawei liable for misappropriating robotic technology from T-Mobile’s."
The probe is said to be at an advanced stage and could lead to an indictment soon.

More at: https://www.zerohedge.com/news/2019-01-16/stocks-hit-report-us-pursuing-criminal-probe-huawei