Huawei Pleads Not Guilty To Fraud, Iran Charges

The Chinese electronics giant Huawei has pleaded not guilty in a US court to allegations of fraud and violating Iran trade sanctions, in a case that has complicated relations between Washington and Beijing.

US prosecutors accuse the company and two affiliates of bank fraud, conspiracy to violate sanctions, conspiracy to commit money laundering and other counts.

They allege Meng Wanzhou, daughter of Huawei's founder, was involved in the scheme under her role as chief financial officer, claiming she repeatedly lied during a 2013 presentation to a banking executive about the relationship between Huawei and a Hong Kong-based company called Skycom.

Prosecutors say Skycom is an unofficial subsidiary, but Huawei's lawyers argue it's a business partner with a separate decision-making structure.

Wanzhou was arrested in Canada and is awaiting extradition to the United States. She denies the allegations. (AP)