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US probe of China's Huawei includes bank fraud accusations


Concern about China-U.S. trade relations deepened after the arrest of Huawei Technologies Co.’s Chief Financial Officer Wanzhou Meng.

Concern about China-U.S. trade relations deepened after the arrest of Huawei Technologies Co.’s Chief Financial Officer Wanzhou Meng.

WASHINGTON: Chinese telecoms giant Huawei Technologies Co Ltd's chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe.

The United States has been looking since at least 2016 into whether Huawei shipped U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws, Reuters reported in April.

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