HSBC denies Chinese media reports that it’s framed Huawei



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HSBC denies Chinese media reports that it’s framed Huawei

On Saturady, HSBC, the London, UK-based world’s seventh-largest lender and financial services company had denied Chinese media reports that the London-headquartered lender had “fabricated” the claims against the world’s No.

1 telco gear maker Huawei Technologies and had played a part in the arrest of Huawei CFO (Chief Financial Officer) Meng Wangzhou in Vancouver on December 1, 2018. In point of fact, the statement of HSBC came forth a day after the pro-CCP-backed Chinese official People’s Daily Newspaper had published a report that accused the London-based lender of being a mischievous schemer on behalf of the United States, which had plotted the claims against Huawei Technologies, eventually resulting in the arrest of Huawei CFO and Huawei founder’s daughter Meng’s arrest on US extradition request.

As a matter of fact, Meng was accused of financial frauds for misleading the HSBC about Huawei’s role in selling tech equipment to US sanction-hit Iran through a Hong Kong-based tech company, which HSBC had claimed could have jeopardized its stance and put it at the risks of punitive measures for breaking the US sanctions on Iran.

US investigation on Huawei was not triggered by HSBC, said the UK-based lender

Meanwhile, as a response to the Chinese state-backed People’s Daily newspaper, often contemplated as a mouthpiece for the politicians of the China’s ruling communist party, HSBC said in a WeChat post on Saturday, “The context of the development of the Huawei incident clearly shows that the U.S.

investigation of Huawei was not triggered by HSBC. HSBC has no malice against Huawei, nor has it ‘framed’ Huawei. In response to information requests from the U.S. Department of Justice, HSBC only provided factual information.

HSBC has not ‘fabricated’ evidence or ‘concealed’ facts, nor will it distort facts or harm any customers for our own benefit. ” Nonetheless, the China’s People’s Daily report had claimed that the UK-based world’s seventh-largest lender had been well aware of Huawei Technologies’ involvement in Tehran and had been “setting traps” for the telco gear maker since 2012.