Now the American authorities are trying to extradite the CFO of Huawei Technologies Meng Wanzhou (Meng Wanzhou, pictured below) from Canada, who is suspected of violating American laws and misleading HSBC. As it turns out, now American justice may have reason to prosecute two more high-ranking Huawei leaders.
We are talking, as Reuters explains, about the vice-chairmen of the board of directors of Huawei Technologies: Ken Hu and Guo Ping, who alternately serve as chairman of the board of directors. This post is currently held by Guo Ping. US judicial authorities may charge them with violation of US export control laws, as there was circumstantial evidence of the involvement of these Huawei representatives in the supply of equipment to Iran, bypassing US sanctions after 2007.
In fact, the allegations against the daughter of Huawei founder Meng Wanzhou are also based on the case surrounding Skycom Tech Co Ltd, which was registered in Hong Kong until 2017. Through the representative office of Skycom in Iran, according to the prosecution, Huawei supplied equipment to this country, bypassing US sanctions. Now Reuters is trying to prove that two current Huawei executives were involved in the Skycom fraud not only in Iran, but also in Brazil.
It is alleged that Skycom operated in this country from 2002 to 2012, and the above representatives of Huawei were the founders of various companies that owned shares of this company. Until now, Huawei’s line of defense has been based on statements of withdrawal from Skycom shareholders after 2007, but the “Brazilian footprint” shows that Chinese managers controlled the company in various forms until 2012. In fact, prosecutors speculate that Huawei may have been involved in the supply of prohibited equipment to Iran for five years longer than previously thought.
An analysis of documents found in the archives of Hong Kong’s specialized departments revealed that in 2005, Guo and Hu became directors of Hua Ying, which was associated with Huawei. In February 2007, Hua Ying acquired all Skycom shares, and nine months later they were transferred to the offshore Canicula Holdings Ltd, registered in Mauritius.
Documents have already been submitted to the Canadian court in which the American authorities are trying to prove that Huawei did not lose control over Skycom until the last moment, and that Canicula bought shares of this company with the money of the Chinese giant. Another company (Huawei Tech Investment) helped to implement this scheme, which together with Skycom controlled the Brazilian representative office of Huawei. It is difficult to say at this stage whether these allegations will serve as a pretext for strengthening US sanctions against Huawei Technologies, but the persons mentioned in the investigation will certainly not be able to avoid prosecution by the competent authorities.
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