Chinese telecom executive accused of fraud over Iran sanctions in United States
VANCOUVER — A senior executive of Chinese tech giant Huawei is facing allegations of fraud by using a subsidiary to violate U.S. trade sanctions against Iran in a case that shook world stock markets this week.
A federal prosecutor told a bail hearing for Meng Wanzhou in Vancouver on Friday that the chief financial officer of Huawei Technologies is wanted in the United States to face criminal proceedings, alleging Huawei used subsidiary Skycom to do business with Iran.
John Gibb-Carsley said Meng is alleged to have said Huawei and Skycom were separate companies in a meeting with an unnamed financial institution, misleading an executive with that institution and putting it at risk.
“Skycom was Huawei. This is the alleged fraud,” said Gibb-Carsley, representing the Attorney General of Canada. “Skycom employees were Huawei employees.”