Huawei CFO Meng Wanzhou expected to plead guilty to US charges
The US case centered on whether Meng, who is also the daughter of Huawei founder Ren Zhengfei, misled HSBC about Huawei's relationship with an Iranian subsidiary, Skycom, which the US alleges could have put the bank at risk of sanctions violations. Meng appeared virtually in a court in Brooklyn, New York, and pleaded not guilty to charges of conspiracy to commit bank fraud, bank fraud, conspiracy to commit wire fraud, and wire fraud.
The US case centers on whether Meng, who is also the daughter of Huawei founder Ren Zhengfei, misled HSBC about Huawei's relationship with an Iranian subsidiary, Skycom, which the US alleges could have put the bank at risk of sanctions violations. Huawei and Meng's team previously denied the US allegations, saying that HSBC executives knew of Huawei's relationships with Skycom.
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