If Convicted, Huawei Faces Bigger Problems Than Fines
If Convicted, Huawei Faces Bigger Problems Than Fines
Business, Spoken · SpokenLayer
January 30, 20194m 58s
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Show Notes
Chinese telecom giant Huawei could face millions in fines if convicted of all charges in two indictments unsealed by the US Department of Justice Monday. But the money is likely the least of Huawei’s worries. The first indictment accuses Huawei and its executives, including CFO Meng Wanzhou, of crimes including bank fraud, wire fraud, money laundering, and obstruction of justice related to alleged violations of sanctions forbidding the sale of US-made equipment to Iran.
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