Meng Wanzhou was arrested in Canada on the 1st of this month.(Europe News Agency)
Reuters quoted people familiar with the matter as saying that Huawei's chief financial officer Meng Wanzhou was suspected of using the global banking system to evade US sanctions on Iran, prompting the US authorities to decide to arrest her; this is also part of the US investigation plan.
The U.S. has been investigating whether Huawei violated U.S. sanctions on Iran since 2016.More recently, the investigation into Huawei included the company's illegal dealings with Iran through HSBC Holdings plc.
In 2012, HSBC paid US$1.92 billion (S$2.63 billion) to a deferred prosecution agreement with the US Attorney's Office in Brooklyn for violating US sanctions and money laundering laws, the report said..
A spokesman for HSBC declined to comment on the case, but the bank is not under investigation, according to people familiar with the matter.
Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, was arrested in Canada on the 1st of this month and faces extradition to the United States.
This incident has aroused people's worries and panic. They believe that Sino-US relations may deteriorate again, and the US-China trade dispute may also escalate again, which will lead to turmoil in global stock markets. U.S. media: U.S. business executives are expected to be cautious in their recent visits to China, fearing China's retaliation
At the request of the United States, Canadian law enforcement agencies arrested Meng Wanzhou, the daughter of the founder of China's Huawei Group, which not only cast a shadow over US-China relations.U.S. business executives are worried about China's retaliation, and may take a more cautious approach to visiting China in the short term.
According to Lianhe News, the U.S. took action at a sensitive time and dropped a shock bomb on the U.S.-China trade negotiations and bilateral relations.
Not only that, the report also quoted the Washington Post (Washington Post) as pointing out that cross-border arrests of corporate executives are not common, and U.S.-China business exchanges may also be affected by this.
Some experts pointed out that they are worried that China will resort to the same means of retaliation. The arrest of Meng Wanzhou may make American business executives cautious about visiting China in the short term.
An American lobbyist who did not want to be named said that Huawei is the most influential and valuable company in China.If China takes the same measures to retaliate, the high-level leaders in the high-tech field in the United States should feel scared, which is very serious.
Patrick Hanes, co-chair of the American Bar Association's committee on international and white-collar crime, also said that you will find that the top executives of American companies decide to postpone their trips to China for several weeks.He also revealed that in recent years, some senior executives of American companies have been stopped and interrogated by Chinese law enforcement agencies when leaving the country.The Chinese questioned their business activities, but they were not arrested, although he did not cite examples.
