HSBC denies Chinese media reports that it ‘framed’ Huawei
BEIJING: HSBC on Saturday denied Chinese media reports that it had “framed” Huawei Technologies and played a role in the arrest of the chief financial officer (CFO) of the world’s biggest telecoms equipment maker.
In a statement posted on the bank’s Chinese WeChat messaging service account, the London-headquartered lender said it did not participate in the decision of the U.S. Department of Justice to investigate Huawei.
The HSBC statement comes a day after China’s official People’s Daily newspaper published a report accusing HSBC of being an accomplice of the United States and lying about Huawei, resulting in the arrest of its CFO Meng Wanzhou.
Meng was arrested in December 2018 at Vancouver International Airport on a warrant from the United States.