Testimony from a former HSBC executive has returned Meng Wanzhou’s 2013 representations about Huawei’s business dealings in Iran to the spotlight as the Chinese tech giant faces mounting legal and financial pressures
This week's trial in Huawei's alleged violation of US sanctions against Iran and bank fraud focused on a meeting between Huawei CFO Meng Wanzhou and former HSBC executive Alan Thomas. Thomas testified on Wednesday that Meng described Skycom, a Hong Kong company involved in Huawei's Iranian operations, as a third-party partner, leading the bank to unknowingly provide Huawei with financial services in Iran that violated US sanctions.