A happily ending fairy tale mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
In August 2013, at a restaurant in Hong Kong, Huawei CFO Meng Wanzhou gave a PowerPoint presentation to HSBC that is now the focus of her Canadian legal team s bid to overturn American charges against her and halt Meng s extradition to the US.
That presentation concerned the Chinese equipment vendor s relationship with Skycom, a mysterious firm that is alleged to have sold American IT equipment to Iran, in breach of US sanctions.
US prosecutors argue Skycom was a front company for Huawei, a means of keeping the Chinese vendor s name out of a business deal.
Strikingly, Huawei does not today deny that it once owned Skycom. Until Meng s arrest at Vancouver Airport in December 2018, it was describing the firm as a local business partner in Iran. But in recent court filings, it acknowledges that it previously controlled the company.