Wednesday, October 28, 2020

US seeks to disqualify Huawei defence lawyer in bank fraud case

-

US prosecutors on Thursday filed a motion to disqualify the lead defence lawyer for Huawei Technologies from the case against the Chinese company for alleged bank fraud and sanctions violations, according to a filing in US District Court in Brooklyn, New York.

The lawyer, James Cole, is a former deputy attorney general of the United States.

The government did not make public why it is seeking to remove Cole from the case.

In a letter to the court, prosecutors said they had filed a sealed, classified motion to disqualify Cole and expected to file a public version by May 10.

- Advertisement -

Huawei pleaded not guilty in March to a 13-count indictment that alleged the world’s largest telecoms equipment maker defrauded US banks by concealing business dealings with Iran in violation of US sanctions.

The company, based in southeastern China in Shenzhen, Guangdong province, and its US unit also are accused of defrauding HSBC and other banks by misrepresenting Huawei’s relationship with the suspected front company, Skycom Tech Co Limited, in Iran.

The lawsuit gained public attention in December with the arrest of Huawei CFO Meng Wanzhou by Canadian authorities in Vancouver, Canada in response to a US request for Meng’s extradition.

Multiple charges were announced against Huawei, Meng and affiliated companies. A federal grand jury in Brooklyn charged Huawei and Meng with money laundering, bank fraud, wire fraud and conspiracy. Huawei was also charged with conspiracy to obstruct justice.

A separate indictment from Washington state accused Huawei, Skycom and Meng of stealing trade secrets from the telecommunications company T-Mobile.

- Advertisement -

The charges stemmed from a civil lawsuit filed by T-Mobile USA in 2014 over a robot nicknamed Tappy that was used in testing smartphones.

MUST READ

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Indonesia sentenced stockbroker to life over fraudulent investment scheme

Renowned stockbroker Benny Tjokrosaputro was sentenced to life by the Jakarta Anticorruption Court on Monday evening for his role in a major graft scandal...

Operators of fake theology school accused of stealing $12 million in student aid

Six people from three states are charged with defrauding $12 million from federal student aid programs by allegedly enrolling students into a theology school...

Former Blue Bell Creameries CEO indicted for fraud linked to 2015 listeria outbreak

The former president and CEO of Blue Bell Creameries L.P., a Texas ice cream company, was indicted Tuesday on wire fraud charges in connection with a scheme...

Former Jacksonville City Council members set for sentencing in fraud case

Former Jacksonville City Council members Katrina Brown and Reggie Brown are scheduled to be in federal court Tuesday to begin a hearing on their...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks