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US accuses Huawei CFO of Iran sanctions cover-up

Dec 10, 2018 by The Passage Team
US accuses Huawei CFO of Iran sanctions cover-up

Huawei Technologies Co Ltd’s chief financial officer faces U.S. accusations that she covered up her company’s links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition.

The case against Meng Wanzhou, who is also the daughter of the founder of Huawei, stems from a 2013 Reuters report here about the company's close ties to Hong Kong-based Skycom Tech Co Ltd, which attempted to sell U.S. equipment to Iran despite U.S. and European Union bans, the prosecutor told a Vancouver court.

US prosecutors argue that Meng was not truthful to banks who asked her about links between the two firms, the court heard on Friday.

Source: Reuters

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