Huawei pleads not guilty to charges involving Meng Wanzhou

China’s Huawei Technologies Co Ltd on Thursday pleaded not guilty to a 13-count indictment filed in a New York federal court against the company.

Huawei, the world’s largest telecommunications equipment maker, was charged with bank and wire fraud, violating sanctions against Iran and obstructing justice.

Prosecutors have accused Huawei of using a Hong Kong front company to trade with Iran in violation of U.S. sanctions. They allege the daughter of the company’s founder, CFO Meng Wanzhou, lied to banks about those dealings while serving as the company’s chief financial officer.

Meng was arrested in Canada earlier this year and is awaiting extradition to the U.S.

The arrest and charges have ratcheted up tensions with Beijing for both Canada and the U.S.

The No. 2 smartphone maker is accused in a separate indictment of stealing technology secrets. The company has denied all the charges in a case that’s heightened tensions over trade.

— With files from Reuters.

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