Huawei is funded by Chinese security agencies according to the CIA


United States intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times has said, adding to the list of allegations faced by the Chinese technology company in the West. Australia and Japan have banned Huawei from rolling out 5G.

While the U.S. is pushing for ban on use of Huawei's 5G equipment citing potential security threat, the company has denied these charges. Some U.S. allies, particularly Germany, have seemed sceptical of the claims. Huawei has repeatedly denied the allegations.

Huawei has also been in the news regarding the fate of its chief financial officer Meng Wanzhou, who has been detained in Canada for possible extradition to the USA over claims of violations of Iran sanctions and banking fraud. Although Huawei refuses to "comment on unsubstantiated allegations backed up by zero evidence from anonymous sources", it continues to chase legal action against the USA government for supposedly unfair penalisation the company.

In January, the US Justice Department unsealed indictments that included 23 counts pertaining to the theft of intellectual property, obstruction of justice and fraud related to its alleged evasion of US sanctions against Iran. Not only is Meng the CFO of Huawei, but she is also the daughter of its founder, Ren Zhengfei.

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A USA government spokesperson says the Prague meeting will mark "a strategic shift in how the US government plans to urge allies to drop Huawei. reports Reuters". "Such accusations are groundless and misleading".

The company has said that such concerns by governments are unfounded.

The review is created to "ensure that no one [telecoms] company becomes too powerful", the insider said. "After the commercialization of 5G services in Korea in April 3, telecommunications landscape has been rapidly changing in the country, especially in the central Seoul", according to an official from Huawei.