Key facts
- A federal judge will decide Wednesday on a deal between the Trump administration and Halkbank.
- Halkbank is accused of helping Iran evade U.S. sanctions.
- Robert Bosch will pay U.S. authorities $36 million.
- Bosch shipped over $70 million in products to Huawei.
- Bosch shipments to Huawei occurred between 2020 and 2024.
- Bosch shipments involved over 100 occasions without a required license.
- A U.S. judge allowed admissions by Huawei CFO Meng Wanzhou in a trial.
- Meng Wanzhou made admissions in a 2021 deal.
- Meng Wanzhou admitted to misleading a financial institution about Huawei's Iran business.
A federal judge is scheduled to consider a proposed agreement on Wednesday that would resolve a criminal case against Turkish lender Halkbank. The Trump administration has reached a deal with the bank, which faces accusations of assisting Iran in circumventing U.S. sanctions. The outcome of this judicial review will determine whether the prosecution against Halkbank is terminated.
In a separate matter involving sanctions and technology, German company Robert Bosch has agreed to pay $36 million to U.S. authorities. This payment resolves allegations that Bosch shipped over $70 million worth of sensor products and software for cell phones to China's Huawei. These alleged violations occurred over more than 100 occasions between 2020 and 2024, and were conducted without the necessary U.S. export licenses.
Furthermore, a U.S. judge has ruled that statements made by Huawei CFO Meng Wanzhou can be presented as evidence in the company's upcoming criminal trial. Meng had previously made admissions in a 2021 agreement, acknowledging misleading a financial institution regarding Huawei's business activities in Iran. The judge's decision allows these admissions to be used against Huawei as the trial proceeds.