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Exclusive: U.S. probe of China's Huawei includes bank fraud accusations - sources

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Exclusive: U.S. probe of China's Huawei includes bank fraud accusations - sources

Exclusive: U.S. probe of China's Huawei includes bank fraud accusations - sources
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ALY SONG(Reuters)
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By Karen Freifeld

WASHINGTON (Reuters) - Chinese telecoms giant Huawei Technologies Co Ltd's [HWT.UL] chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to sources familiar with the situation.

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    The United States has been looking into whether Huawei Technologies Ltd violated U.S. sanctions against Iran since at least 2016 and more recently the company's use of HSBC Holdings Plc <HSBA.L> to make illegal transactions involving Iran.

    In 2012, HSBC paid $1.92 billion and entered into a deferred prosecution agreement with the U.S. Attorney's office in Brooklyn for violating U.S. sanctions and money-laundering laws.

    An HSBC spokesperson declined to comment. Huawei also declined to comment. A spokesman for the U.S. Attorney's office in Brooklyn, which Reuters has reported is investigating Huawei, declined to comment.

HSBC is not under investigation, according to a person familiar with the matter.

(Reporting by Karen Freifeld; editing by Chris Sanders and Jonathan Oatis)

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