HSBC investigation led to charges against Huawei CFO Meng Wanzhou, after US demanded bank’s help

//HSBC investigation led to charges against Huawei CFO Meng Wanzhou, after US demanded bank’s help

HSBC investigation led to charges against Huawei CFO Meng Wanzhou, after US demanded bank’s help

An internal investigation by HSBC Holdings into Huawei Technologies’ connections to a suspected front company in Iran found that the Chinese telecommunications equipment maker maintained close financial ties to the firm years after purportedly selling the unit, documents show.The HSBC probe of Huawei came in late 2016 and 2017 as the bank was trying to get the US Department of Justice (DOJ) to dismiss criminal charges for the bank’s own misconduct involving US sanctions.The bank’s findings,…

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By | 2019-02-26T18:15:15+00:00 February 26th, 2019|Technology|Comments Off on HSBC investigation led to charges against Huawei CFO Meng Wanzhou, after US demanded bank’s help