Citigroup, BNP paribas are caught in the US case against Huawei, CFO-documents

NEW YORK (Reuters) – the U.S. Citigroup (C. N), and the French bank BNP Paribas (BNPP.PA), have been caught up in a U.S. criminal trial against the company’s chief executive officer (ceo) of china’s Huawei Technologies, according to the documents.

A FILE PHOTO of A Huawei logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China, on July 22, 2019. REUTERS/Aly Song/Files (Photo File Photo

The banks that were named in documents released on Tuesday, following a public hearing in the British Columbia Supreme Court, which is the Huawei’s CFO Meng Wanzhou is fighting extradition to the United States of america to the bank fraud charges.

The two are among at least four of the financial institutions that had banking relationships with Huawei, and when Mixing, and others allegedly misled over its business in Iran, despite US sanctions.

Two of the others, and HSBC Holdings Plc (HSBA.(L) and Standard Chartered (STAN.(L) have been reported.

The banks are to be regarded as a “victim” of the settings in a 13-count indictment in the United States, be charged against the Mix and, for Huawei, which is included in the cost of bank and wire fraud, in violation of the sanctions imposed on Iran, and obstruct justice.

Both she and Huawei have denied wrongdoing.

The representatives of the banks do not immediately respond to an e-mail from Reuters seeking comment. However, Standard Chartered, Citigroup and BNP Paribas has declined to comment when asked by Reuters about their possible involvement in the Huawei case.

The court may not review the materials, including the video Mix, the arrest will be made public in advance of a public hearing is scheduled for the beginning of the end of September. 23, in Vancouver.

Meng, daughter of Huawei’s billionaire founder, Ren Zhengfei, was arrested at Vancouver’s airport in December, an AMERICAN-style warrant, and his lawyers claim they were illegally detained. They argue that the Canadian authorities have delayed her immediate arrest at the border patrol in order to gather evidence for the united states as part of a “secret criminal investigation”.

In the video, the mixer can be seen moving through the Vancouver airport, the customs and immigration area, accompanied by the officers and questioned.

In the transcript, Mix, repeatedly asking why they are being held, and being told that they have to contact a lawyer, but that is not it.

“My family will be worried if they will not be able to find me,” she said.

Meng was searched and interrogated for hours, in violation of her constitutional rights, her lawyers say. She spent more than a week in custody before he was released on bail.


The diplomatic relations between Canada and China, and turned to ice after you Mix, it was held, and in China, was arrested two Canadian citizens, where they are, with spy. It has also blocked imports of some Canadian commodities.

Mix and Huawei, have also become part of the escalating US-China trade war.

The US President, Donald Trump told the Reuters in December he would have to intervene in her case, as it would help in trying to secure a deal with China, and leading her attorneys to argue that the extradition proceedings are to be used for economic and political purposes as well.

On Tuesday, court documents, they describe Trump’s comments about the Mix, as the “corrosive of the rule of law”.

The united states government has taken other actions against Huawei, claiming that it is engaging in activities contrary to U.S. national security or foreign policy interests.

The United States has placed the Smartphone on a trade black list ” in May that a ban on the sale of U.S. spare parts and components for the company without the special license, which has not been granted, except to permit the repair and maintenance of existing products, as well as networking.

Huawei is the largest telecommunications equipment maker and a major smartphone provider.

The United States has said the smartphone and the devices in the network that can be used by China to spy on Americans, and the allegations the company has repeatedly rejected.

In a document released on Tuesday, the United States of america and the evidence against the Mix, including the provisions of articles published by Reuters, in 2012, and in 2013 a company in Iran called Skycom Tech, who had tried to sell the computer equipment by a U.S. company to a customer in Iran.

The report detailed the links between Huawei and Skycom, including the Mix was served on Skycom’s board of directors from February of 2008 to April of 2009.

The items were “on” for at least four financial institutions, which had been saved for the Smartphone, according to the document, drawn up by the federal prosecutor in Brooklyn, New York, New York, where the case was filed by or against Meng and Huawei.

The U.S. laws and regulations, in general, it is forbidden for the banks to provide US dollar transactions tied to Iran by the United States of america.

A FILE PHOTO of Huawei ‘s Chief executive Meng Wanzhou to leave her parents’ house, which is flanked by private security, located in Vancouver, British Columbia, Canada, to May 8, 2019. REUTERS/Lindsey Wasson

Mix together, and the others cheated, HSBC bank and other banks due to an incorrect version of Huawei’s relationship with Skycom, according to US prosecutors, who claim that they Skycom’s operations in Iran were controlled by the Smartphone, at least, from 2007 to 2014.

The US authorities are claiming that the Smartphone used in Skycom, to obtain a release from the u.s. of goods, technology and services to Iran, and to transfer money through the international banking system.

According to the latest available documents relating to the evidence of the witnesses for the prosecution in the united states, shall be the managers of HSBC, Standard Chartered and Citigroup, and an FBI forensic accountant is expected to testify about the documents from which it appears that BNP Paribas provides banking services to phone-between, at least for 2013 and 2018.

Reporting by Karen Freifeld in New York; Editing by Amran Abocar and Muralikumar Anantharaman

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular