The DOJ announced Monday that it brought thirteen financial fraud-related charges against Chinese telecom company Huawei and three other related defendants, including its CFO Wanzhou Meng.
The chief financial officer of China’s Huawei Technologies was arrested in Canada last weekend and now faces extradition to the United States.
Meng Wanzhou was detained in Vancouver on December 1, the Canadian Justice Department said Wednesday.… Continue Reading
China’s biggest telecommunications equipment maker has investigated 116 employees and turned four over to prosecutors for alleged graft.
Staffers in Huawei’s consumer and corporate sales units are suspected of taking bribes in China, according to a report Wednesday by the South China Morning Post, citing mainland outlets Caixin and the China Business News.… Continue Reading
The Zambia government has terminated a $210 million closed circuit television camera contract with China’s ZTE because of alleged corruption.
Three Chinese executives were found guilty of bribery in Algeria and sentenced last week to ten years in prison in absentia.
According to a report on the French language news site Le Soir D’Algerie, ZTE’s Dong Tao and Chen Zhibo and Huawei’s Xiao Chuhfa were accused of paying bribes amounting to $10 million to a senior official working at state-owned Algérie Télécom, through offshore accounts in Luxembourg.… Continue Reading