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The US Eastern District Office alleges that Meng, the company and a Hong Kong-based subsidiary, Skycom Technologies, committed electronic fraud, obstructed justice, conspired to launder money and violated the Economic Powers Act. urgency in doing business with sanctioned Iran.
Huawei and Meng allegedly cheated by lying to the banks, misrepresenting their relationship with Skycom, and indicating whether they improperly transferred US technology badets and money between Iran and the company. It is illegal for banks to knowingly authorize financial transfers involving countries sanctioned by IEEPA.
"Is the [banks] known about Huawei's repeated violations of [Iran sanctions] they would have re-evaluated their banking relationship with Huawei, including the provision of a clearing service in US dollars and euros to Huawei, "says the indictment.
The document also outlines why Meng herself was arrested in Canada and how the United States will position her extradition request from Vancouver. According to the allegations, Meng allegedly crossed the JFK airport in New York early in 2014, "several months" after meeting with an officer of one of the banks.
According to the Department of Justice, she would have had on one of her electronic devices an SMS containing "suggested discussion points", which read in part as follows: "The essential suggested points of discussion regarding Iran / Skycom: Huawei's operation in Iran coincides with the laws, regulations and sanctions imposed by the United Nations, the United States and the European Union. "
This financial institution subsequently decided to sever relations with Huawei over its possible Iranian relations via Skycom. The company then later misrepresented the reasons why the bank terminated the relationship, according to the indictment.
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