- Home >> Features >> Technology
Huawei accuses US of overlooking HSBC misconduct
- Thursday | 20th February, 2020
(Reuters) – US prosecutors overlooked apparent violations of US sanctions against Iran by HSBC Holdings in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said. In return, “HSBC agreed to cooperate with the government’s efforts to depict Huawei as the mastermind of HSBC’s sanctions violations and supply witnesses to the government’s stalled investigation of Huawei,” the lawyers wrote. In an indictment unsealed last year, Huawei was charged by the United States with bank fraud and violating sanctions against Iran. Reuters exclusively reported last February that HSBC conducted an investigation into Huawei’s connections with Skycom that helped lead to the charges against the Chinese company. Huawei is seeking documents from the HSBC investigation of the company and reports from the monitor, which it says “appear certain” to contradict the allegations in the indictment.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
