Secret players could be behind HK shell companies

Now we turn to Hong Kong. New evidence has emerged that the Chinese regime could be supporting the Iranian regime over U-S sanctions. The U-S blacklisted five Hong Kong companies this Monday. They are accused of helping an Iranian company evade U-S sanctions. Of the five Hong Kong companies, four of them are headed by the same Chinese man. Other evidence also indicates these companies are shell companies. That’s according to a report by Radio Free Asia. Shell companies are companies without active business operations. Although perfectly legal, they could also be used to hide businesses and assets. This suggests there could be players using these shell companies to support Iran while avoiding U-S sanctions. Although no additional details are available, the players are most likely tied to the ruling regime, as risking U-S sanction s could be too high a cost for private companies.