Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm
U.S. prosecutors overlooked apparent
violations of U.S. sanctions against Iran by HSBC Holdings
in exchange for the British bank’s cooperation with a
government investigation of Huawei Technologies, lawyers for the
Chinese telecoms giant said.
“The government agreed to overlook HSBC’s continued
misconduct, electing not to punish the bank, prosecute its
executives or even extend the monitorship,” Huawei’s lawyers
wrote in a Feb. 10, 2020 letter filed in U.S. District Court in
B
violations of U.S. sanctions against Iran by HSBC Holdings
in exchange for the British bank’s cooperation with a
government investigation of Huawei Technologies, lawyers for the
Chinese telecoms giant said.
“The government agreed to overlook HSBC’s continued
misconduct, electing not to punish the bank, prosecute its
executives or even extend the monitorship,” Huawei’s lawyers
wrote in a Feb. 10, 2020 letter filed in U.S. District Court in
B
Posted by Reuters
