Skycom Tech Co Ltd

Telecommunications
China

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"China’s Huawei Technologies acted to cover up its relationship with a firm that had tried to sell prohibited U.S. computer gear to Iran, after Reuters in 2013 reported deep links between the firm and the telecom-equipment giant’s chief financial officer, newly obtained internal Huawei documents show. Huawei has long described the firm - Skycom Tech Co Ltd - as a separate local business partner in Iran. Now, documents obtained by Reuters show how the Chinese tech titan effectively controlled Skycom." (Reuters, "Exclusive: Huawei Hid Business Operation In Iran After Reuters Reported Links to CFO," 6/3/2020). 

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"U.S. authorities allege CFO Meng Wanzhou deceived international banks into clearing transactions with Iran by claiming the two companies were independent of Huawei, when in fact Huawei controlled them. Huawei has maintained the two are independent: equipment seller Skycom Tech Co Ltd and shell company Canicula Holdings Ltd.

But corporate filings and other documents found by Reuters in Iran and Syria show that Huawei, the world’s largest supplier of telecommunications network equipment, is more closely linked to both firms than previously known.

The documents reveal that a high-level Huawei executive appears to have been appointed Skycom’s Iran manager. They also show that at least three Chinese-named individuals had signing rights for both Huawei and Skycom bank accounts in Iran. Reuters also discovered that a Middle Eastern lawyer said Huawei conducted operations in Syria through Canicula.

The previously unreported ties between Huawei and the two companies could bear on the U.S. case against Meng, who is the daughter of Huawei founder Ren Zhengfei, by further undermining Huawei’s claims that Skycom was merely an arms-length business partner." (Reuters, "Exclusive: New documents link Huawei to suspected front companies in Iran, Syria," 1/8/2019).

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"A Hong Kong-based firm that attempted to sell embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator has much closer ties to China's Huawei Technologies than was previously known, corporate records show. Cathy Meng, Huawei's chief financial officer and the daughter of company founder Ren Zhengfei, served on the board of Hong Kong-based Skycom Tech Co Ltd between February 2008 and April 2009, according to Skycom records filed with Hong Kong's Companies Registry. Reuters reported last month that in late 2010, Skycom's office in Tehran offered to sell at least 1.3 million euros worth of HP gear to Mobile Telecommunication Co of Iran, despite U.S. trade sanctions. At least 13 pages of the proposal were marked 'Huawei confidential' and carried Huawei's logo. Huawei said neither it nor Skycom ultimately provided the HP equipment; HP said it prohibits the sale of its products to Iran." (Reuters, "Exclusive: Huawei CFO linked to firm that offered HP gear to Iran," 1/31/2013)