If Convicted, Huawei Faces Bigger Problems Than Fines
https://www.wired.com/story/if-convicted-huawei-faces-bigger-problems-than-fines/
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. The potential blow to the company is particularly severe because Meng is the daughter of Huawei founder Ren Zhengfei; she was arrested in Canada last month and is awaiting extradition to the US.