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00:00:01
>> The US Justice Department on Monday unsealed indictments against Chinese technology giant, Huawei, several of its subsidiary, and its Chief Financial Officer, Meng Wanzhou. The DOJ accused Huawei of stealing trade secrets as well as bank and wire fraud to violate sanctions against Iran. In a 13 count indictment, the DOJ accused Huawei of obscuring its relationship with the subsidiary to do business in the country.
00:00:29
>> Huawei employees allegedly told banking partners that Huawei had sold its ownership interest in Skycom, but these out-claims were false. In reality, Huawei had sold Skycom to itself.>> Meng, who is also the daughter of Huawei's founder, was arrested in Canada in December on a US extradition request.
00:00:50
Huawei on Tuesday denied the company or its subsidiaries had committed any of the crimes alleged by the US.>> Thank you very much->> The charges at amounting US pressure on the company as the Trump administration tries to prevent American companies and foreign allies from buying Huawei kit.
00:01:08
That's sort of concerns that it could be used for spying. They also come at what could be a crucial moment in trade talks as Reuters Tony Munroe explains.>> The timing of these charges is awkward to say the least. They were announced just as the Chinese delegation led by Vice-Premier Li Hua is arriving in Washington to begin two days of a really crucial trade talks with the United States.
00:01:33
These talks are aimed at reaching some kind of deal that would prevent the escalation of US tariffs on Chinese goods that would take place on March 2nd. The US insists that these two matters are completely separate, that the Huawei case is a legal matter about violation of their own sanctions.
00:01:54
But certainly in terms of atmospherics the charges do cast a shadow, certainly as the Chinese would see it over the proceedings.>> Huawei has denied its technology has any connection to Chinese espionage.