Exclusive: New documents link Huawei to suspected front companies in Iran, Syria

U.S. authorities allege CFO Meng Wanzhou deceived international banks into clearing transactions with Iran by claiming the two companies were independent of Huawei, when in fact Huawei controlled them. Huawei has maintained the two are independent: equipment seller Skycom Tech Co Ltd and shell company Canicula Holdings Ltd.

But corporate filings and other documents found by Reuters in Iran and Syria show that Huawei, the world’s largest supplier of telecommunications network equipment, is more closely linked to both firms than previously known.

The documents reveal that a high-level Huawei executive appears to have been appointed Skycom’s Iran manager. They also show that at least three Chinese-named individuals had signing rights for both Huawei and Skycom bank accounts in Iran. Reuters also discovered that a Middle Eastern lawyer said Huawei conducted operations in Syria through Canicula.

The previously unreported ties between Huawei and the two companies could bear on the U.S. case against Meng, who is the daughter of Huawei founder Ren Zhengfei, by further undermining Huawei’s claims that Skycom was merely an arms-length business partner.

Huawei, U.S. authorities assert, retained control of Skycom, using it to sell telecom equipment to Iran and move money out via the international banking system. As a result of the deception, U.S. authorities say, banks unwittingly cleared hundreds of millions of dollars of transactions that potentially violated economic sanctions Washington had in place at the time against doing business with Iran.

Sauce: https://www.reuters.com/article/us-huawei-iran-exclusive-idUSKCN1P21MH

Huawei headquarters is in Shenzhen.

Photos from Q drops 1158 1159 = Huawei Headquarters.

Breaking 2 hours ago, Huawei CEO to be face extradition hearing in Canada to US to face charges listed above.

Sauce

https://www.washingtonpost.com/world/canada-to-proceed-with-extradition-case-against-huaweis-meng-wanzhou/2019/03/01/ab59a970-3c55-11e9-b786-d6abcbcd212a_story.html