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HSBC denies 'framing' Huawei, says it didn't participate in US legal probe

People's Daily, China's state-run newspaper, says HSBC has been 'setting traps' for the company since 2012

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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.

Reuters 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

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First Published: Jul 26 2020 | 8:25 AM IST

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