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2/14, 3:06 AM (Source: TeleTrader)
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Huawei condemns US racketeering charges

Huawei Technologies Co. Ltd. issued a media statement condemning the United States' decision to charge the company with racketeering and stealing trade secrets.

The Chinese telecommunications giant promised to prove the accusations are "unfounded," claiming the process was initiated in an effort to eliminate competition, and not to enforce the law. In addition, the company criticized the new charges' lack of merit, calling the indictment part of an "attempt to irrevocably damage Huawei's reputation."

Earlier, the US Justice Department brought up a list of charges against the company, including a federal indictment for racketeering and stealing technology from American firms.

Breaking the News / NL