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. However, as part of the deal, Meng […]
