Huawei hid business operation in Iran after reported links to CFO, documents show

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Huawei has long described the firm – Skycom Tech Co Ltd – as a separate local business partner in Iran. Now, documents obtained by Reuters show how the Chinese tech titan effectively controlled Skycom

. The documents, reported here for the first time, are part of a trove of internal Huawei and Skycom Iran-related business records – including memos, letters and contractual agreements – that Reuters has reviewed.

Huawei and Meng have denied the criminal charges, which include bank fraud, wire fraud and other allegations. Skycom, which was registered in Hong Kong and was dissolved in 2017, is also a defendant. At one point, Huawei was a shareholder in Skycom but, according to corporate filings, sold its stake more than a decade ago.

But a newly obtained Huawei internal document from the Chinese company’s Iran office, dated March 28, 2013, indicates Huawei controlled Skycom. The document in Chinese stated: “In consideration of trade compliances, A2 representative office is trying to separate Skycom and Huawei.” A2 was Huawei’s code for Iran, according to the U.S. indictment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We knew this already.

And now you know why JT loves Huawei so much - they both like to hide

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Music industry leaders vow to pause business for a day in observation of Blackout TuesdayMusic executives Jamila Thomas and Brianna Agyemang have spearheaded the effort to shutter normal business operations of the music industry on June 2 via their 'The Show Must Be Paused' initiative. Like. Pause?
Source: CTVNews - 🏆 1. / 99 Read more »