Huawei Probed by US for Sanctions Busting

China’s Huawei has been served with a subpoena by the US Commerce Department investigating allegations that it may have broken US sanctions on Cuba, Iran, North Korea, Sudan and Syria.

The subpoena calls for Huawei to turn over information related to shipments to those countries over the past five years.

Huawei has not yet been accused of wrongdoing. In a statement, it said that it was committed to complying with laws and regulations where it operated.

“In particular, Huawei has a strict code of conduct, rigorous training, and detailed policies relating to export control compliance and actively cooperates with the relevant government agencies, including the Department of Commerce, regarding Huawei’s compliance with export control laws,” a company spokesperson said in an email.

The investigation appears to be similar to one which ensnared ZTE, which sold equipment to the embargoed countries based on components supplied by US suppliers.

The investigation into ZTE highlighted an unnamed rival company which ZTE executives were said to be copying in their efforts to sell to the embargoed countries.

The semi-official China Daily newspaper cited an official as claiming this was a sign of US protectionism against Chinese rival companies.

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

Africa’s Green Transition Hinges on Energy Access, Jobs, Investment

L - R: Epa Ogie Eboigbe, Publisher, Epa.com, and...

Face of Independence Nigeria 2026 Crowns Edidiong Udoidua as Overall Winner

The Convener/Founder of Face of Independence Nigeria, Barrister Mrs....

Still More to Live: AIICO Sustains Retirement Income for 28,000 Retirees

At its 2026 Annuitants Forum, AIICO Insurance Plc reaffirmed...

Fidelity Bank Targets Growth for SMEs at Abuja Business Forum

Fidelity Bank Plc will conclude its 2026 Quarterly Business...

NEM Group Chairman, Tope Smart, to KEYNOTE Business Journal Insurance & Pension Roundtable 2026

Mr. Tope Smart, Group Chairman, NEM Insurance Group will...

Topics

GDP Contracts 1.3% in Q4: 2016; February PMI Data Shows Further Weakness

The National Bureau of Statistics (NBS) released Q4:2016 GDP...

PenCom: Using Touts to Obtain Pension Clearance Certificate is Unlawful

The attention of the National Pension Commission (the Commission)...

World Bank: 573m People in sub-Saharan Africa Lack Electricity

Despite significant progress in recent years, the world is...

Leadway Assurance CEO: Nigerians Should Be Proactive as Flood Threats Intensify

The Chief Executive Officer of Leadway Assurance Company Limited,...

NSML Launches Clean Waterways Initiative to Tackle Plastic Pollution

NLNG Shipping and Marine Services Limited (NSML) has launched...

African Start-Ups Shine at Web Summit 2017

Legazy returned to the 2017 Web Summit after having...

NAICOM Seeks Partnership with Nigeria Governors’ Forum on Insurance Penetration

The Commissioner for Insurance and Chief Executive of the...

Stanbic IBTC Insurance Achieves ISO/IEC 27001:2022 Recertification

Stanbic IBTC Insurance Limited, a subsidiary of Stanbic IBTC...
spot_img

Related Articles

Popular Categories

spot_imgspot_img