Deals
Huawei Said to Be Probed by FBI for Possible Iran Violations
- Treasury, Commerce also looking at telecom sales to Iran
- Chinese company facing mounting pressure in U.S. market
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The U.S. Justice Department has joined two other agencies probing Huawei Technologies Co. for possible violations of sanctions banning sales to Iran, according to two people familiar with the matter.
Agents from the Federal Bureau of Investigation, which is overseen by the Justice Department, have been looking into transactions by the Shenzhen, China-based mobile and telecommunications giant, the people said. According to one of them, the criminal inquiry grew out of an earlier sanctions-violation probe that ultimately led to penalties against another Chinese technology company, ZTE Corp.