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Huawei CFO Allegedly Misleads Financials Institutions, Reportedly Including HSBC, Stanchart
Huawei Vice Chairman and CFO Sabrina Meng Wanzhou had allegedly misled multiple financial institutions, according to the information read by the prosecutor at a Vancouver court, Wa...
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Huawei CFO Allegedly Misleads Financials Institutions, Reportedly Including HSBC, Stanchart
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2018/12/10 14:40
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Huawei Vice Chairman and CFO Sabrina Meng Wanzhou had allegedly misled multiple financial institutions, according to the information read by the prosecutor at a Vancouver court, Wall Street Journal reported. Yet Meng claimed that it was Skycom, a Hong Kong company, which did business with Iran, unrelated to Huawei.

STANCHART (02888.HK) and HSBC HOLDINGS (00005.HK), which are among those financial institutions being misled, are the biggest financing partners of Huawei, report quoted sources. The two banks are now under court scrutiny for involvement in Iranian business.
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