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Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm
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Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm
'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 Brooklyn, New York. In return, 'HSBC agreed to cooperate with the government's efforts to depict Huawei as the mastermind of HSBC's sanctions violations and supply witnesses to the government's stalled investigation of Huawei,' the lawyers wrote. In an indictment unsealed last year, Huawei was charged by the United States with bank fraud and violating sanctions against Iran.
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