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Huawei CFO Accused of Fraud for Hiding Business Relations with Iran Court Hears
Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei, is wanted on alleged fraud charges in the United States, her bail hearing was told.
Meng is accused of committing fraud because she told banks in the United States that Huawei and Skycom, a Hong Kong-based company reportedly doing business with Iran, have no connections. However, the court heard from a crown lawyer that Huawei controls Skycom.