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International Business Times UK
International Business Times UK
World
Audrey Liza M. Nolasco

US Prosecutors Accuse Huawei of Decades-Long Scheme To Steal Trade Secrets, Evade Iran Sanctions

US prosecutors allege Huawei ran a decades-long operation to obtain trade secrets and circumvent Iran sanctions (Credit: Huawei/YOUTUBE SCREENSHOT)

Huawei's US criminal trial has been jolted by a $1.3 billion banking revelation, putting an extraordinary financial episode back in the spotlight as prosecutors accuse the Chinese technology giant of a two-decade campaign involving alleged trade-secret theft, Iran sanctions violations and deception of financial institutions.

The money was moved from London to China just days after the US government unveiled its indictment, according to an investigation by the International Consortium of Investigative Journalists.

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