The company is also charged with violating US sanctions on Iran and conspiring to obstruct justice related to the investigation.
US prosecutors filed criminal charges against Huawei Technologies Co., China's largest technology company, alleging it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran.
US prosecutors charge that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of USA sanctions.
There have also been reports by the Wall Street Journal and others that the Justice Department was nearing an indictment related to allegations that Huawei stole robotic technology from carrier T-Mobile US Inc to test smartphones' durability. Skycom was also charged.
"As you can tell from the number and magnitude of the charges, Huawei and its senior executives repeatedly refused to respect US law and standard worldwide business practices", said FBI Director Chris Wray.
Meng misled U.S. banks into believing the two companies were separate, according to the Justice Department.
Cohen Postpones House Testimony Over Trump's 'Threats Against His Family'
Cohen's testimony is set to be the first major public hearing for Democrats, who have promised greater scrutiny of Mr Trump. Committee chair Elijah Cummings could subpoena Cohen to appear, and CNN reports Democrats are considering that option.
USA authorities have accused Meng of misleading a global bank about Huawei's links to a company that the United States says operated as an unofficial subsidiary to conduct business in Iran in violation of sanctions against Tehran, Canadian court documents show.
The indictment alleges Huawei misled the United States and a global bank about its relationship with subsidiaries to conduct business with Iran.
The U.S.is asking that the Canadian authorities extradite Meng.
The US said it would proceed with her formal extradition, a move certain to ratchet up tensions with China. Huawei then blamed "rogue actors" within the company when T-Mobile threatened to sue, the US said.
Chinese media have suggested Meng's arrest was politically motivated, and U.S. President Donald Trump has suggested he would step in on Meng's case if it helped get a trade deal with China.