CIA alleges Huawei of being funded by the Chinese state security
Category: #headlines  By Nikita Chaurasia  Date: 2019-04-22
  • share
  • Twitter
  • Facebook
  • LinkedIn

CIA alleges Huawei of being funded by the Chinese state security

The US Intelligence service, Central Intelligence Agency, has grabbed the headlines for publicly accusing the Chinese multinational consumer electronics company, Huawei Technologies, of being funded by China’s National Security Commission. Reportedly, the list of accusations on the tech giant in the United States includes the alleged funding from China’s military People’s Liberation Army and a third arm of the state intelligence network as well.

Sources closely associated with the matter revealed that the US Intelligence, earlier this year, had shared its claims with the Five Eyes intelligence-sharing group’s other members including Britain, Canada, New Zealand and Australia. However, the beleaguered firm Huawei has denied all the allegations in a recent statement, saying that it is not liable to comment on unsubstantiated claims that have been supported by zero evidence from various anonymous sources.

The latest accusation has been made amidst the much talked-about trade tensions between Beijing and Washington, as well as amid major concerns in the U.S. regarding the suspected use of Huawei’s equipment for espionage.

Reports revealed that several authorities within the United States are currently probing Huawei for the suspected sanctions violations. Indeed, it has been reported that Meng Wanzhou, the Chief Financial Officer of Huawei and the daughter of its founder Ren Zhengfei, were under arrest in December in Canada on charges of bank & wire fraud in the infringement of U.S. sanctions against Iran. She had reportedly rebuffed any wrongdoing and her father claimed that the arrest was politically motivated. Apparently, owing to such allegations on Huawei, several top educational institutions in the West have also recently spilt off connections with the tech giant for avoiding the loss of federal funding. 

It has also been reported that the U.S. plans to persuade its allies next month at a meeting to be held in Prague, for adopting shared security & policy measures to deter Huawei from dominating its 5G telecommunications network.

Source Credits: https://www.scmp.com/news/china/diplomacy/article/3007044/us-intelligence-accuses-huawei-being-funded-chinese-state

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia    

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More

More News By Nikita Chaurasia

Amazon adds indoor surveillance drone to security solutions portfolio
Amazon adds indoor surveillance drone to security solutions portfolio
By Nikita Chaurasia

  This is the next big launch after the announcement of car security devices Indoor drone will offer video surveillance in places devoid of static cameras U.S.-based multinational technology giant, Amazon.com Inc. along with Ring Inc. has ...

JPMorgan to move USD 234 billion worth assets to Germany before Brexit
JPMorgan to move USD 234 billion worth assets to Germany before Brexit
By Nikita Chaurasia

  JPMorgan indicated plans to expand its hub in Paris by reassigning services based in London post Brexit The bank plans on completing the migration of its assets to the Frankfurt subsidiary by the end of 2020 As per reliable sources, Amer...

Nike plans to exit brick & mortar stores, records mega returns online
Nike plans to exit brick & mortar stores, records mega returns online
By Nikita Chaurasia

U.S.-based multinational sports apparel firm, Nike Inc., has reportedly revealed a significant upturn in their digital sales amid the COVID-19 pandemic, recording a revenue of USD 10.6 billion. Sources close to the matter claim that the company plans...