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#Huawei CFO #WanzhouMeng has admitted to Misleading Global Financial Institution

Meng made multiple material misrepresentations to a senior executive of a financial institution regarding Huawei’s business operations in #Iran
… in an effort to preserve Huawei’s banking relationship with the financial institution
Huawei owned #Skycom Tech. Co. a Hong Kong company that primarily operated in Iran. As of February 2007, Skycom was wholly owned by a subsidiary of #Huawei
Between 2010 and 2014, Huawei controlled Skycom’s business operations in Iran, and Skycom was owned by an entity controlled by Huawei. All significant Skycom business decisions were made by Huawei.
#China #WanzhouMeng #Huawei
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