Arrest of Huawei CFO Hinges on an Offshore Puzzle - News Summed Up

Arrest of Huawei CFO Hinges on an Offshore Puzzle


Chinese telecom giant Huawei has long caused tension between Washington and Beijing. WSJ’s Shelby Holliday explains what the company does and why it’s significant. (Photo: Aly Song/Reuters)HONG KONG—In a presentation to bankers in 2013, Meng Wanzhou, the chief financial officer of Huawei Technologies Co., explained that her company no longer had a stake in Skycom Tech Co., a Hong Kong company that did business with Iran, and that she had quit its board, according to the executive’s defense. Ms. Meng said she had served on the Skycom board to ensure it complied with trade rules, according to newly released defense filings that cite the 2013 PowerPoint presentation to HSBC Holdings Ltd....


Source: Wall Street Journal December 10, 2018 18:22 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */