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Huawei’s growth, alleged theft helped sow mistrust

Bloomberg Huawei Technologies Co. wanted a better way to test its telephone handsets, so it sent an engineer to see “Tappy,” the robot in partner company T-Mobile US Inc’s laboratory in Bellevue, Washington. “Tappy,” computer-driven and tireless, taps on touch screens, simulating weeks of use in a day. The Huawei engineer was curious about Tappy’s fingertips. So he slipped one ...

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India seeks to open IL&FS books again

Bloomberg The Indian government has sought to reopen the books of Infrastructure Leasing & Financial Services group, alleging evidence of auditing lapses was uncovered while looking into allegations that funds were siphoned from the beleaguered financier. A probe by India’s Serious Fraud Investigation Office indicated the lender’s accounts were fraudulent and mismanaged, Sanjay Shorey, a lawyer for the government told ...

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Ghosn’s main lawyer disputes allegations

Bloomberg Carlos Ghosn’s lawyer challenged allegations by prosecutors that the former Nissan Motor Co. chairman transferred personal financial losses to the Japanese automaker. While rearresting Ghosn, the prosecutors alleged Ghosn used Nissan’s money to pay a person who helped him meet payments to maintain a personal trading position during the 2008 global financial crisis. On Sunday, Motonari Otsuru, the main ...

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