introduction
On November 30, 2018, the Canadian police arrested Meng Wanzhou, the current head of Huawei, without warning, for violating relevant laws, and the next day, another Huawei executive was also arrested at Vancouver Airport, starting a 1,028-day cross-border lawsuit.
After several sleepless nights, with the joint efforts of the Chinese government and Huawei, Meng Wanzhou finally returned to her homeland by special plane.
However, the matter is far from over, everyone knows why Meng Wanzhou was arrested, and if no one betrays him behind this, it is really impossible! As things develop, the framed person behind it gradually comes to the surface.
Many years have passed, what retribution has the real culprit who framed and betrayed Meng Wanzhou behind the scenes?
Meng Wanzhou's arrest
In 2018, Meng Wanzhou, then Huawei's CFO, was detained by the Canadian government while transiting in Canada, and the explanation given by the Canadian side at the time was that she was arrested on behalf of the U.S. government, and the U.S. was still seeking Meng Wanzhou's extradition.
The mainland immediately expressed its dissatisfaction with this and began to negotiate with the Canadian side, and Huawei also reacted quickly after the incident.
However, the United States ignored this and insisted on asking the Canadian side to detain Ms. Meng Wanzhou on its own grounds, and this reason was also fabricated.
At that time, the United States arrested Meng Wanzhou on the grounds that Huawei was doing business with Iran, because the United States imposed "secondary sanctions" on Iran at that time, and Huawei did not take into account the sanctions at that time, and had already made a deal with Iran, so the United States sanctioned and accused Huawei, and asked Canada to arrest Meng Wanzhou, who was about to transfer at the airport.
Of course, everyone knows that this is just a lame excuse for the United States, and the main reason is that Huawei has made outstanding achievements in 5G infrastructure at that time, and the results researched by Huawei at that time were far ahead in the world.
The United States felt unprecedented pressure on this, after all, before Huawei developed 5G infrastructure, basically the core technology of Internet high-tech was in the hands of the United States, and the United States has absolute authority in the Internet field.
After Meng Wanzhou was arrested, the Canadian side held a bail meeting, but according to reports at the time, the Canadian side blocked the matter, and also ordered a ban on reporting, and refused to provide any details, and the United States Department of Justice spokesman Mark Raimondi also refused to comment on the matter.
I have to say that these two countries really have weak hearts? They don't even dare to explain this matter to the public.
The diplomatic ambassador of the mainland embassy in Canada pointed out that Canada's move completely violated Ms. Meng Wanzhou's right to personal liberty, and the accusations of the United States were even more unfounded, demanding that Canada and the United States restore Ms. Meng Wanzhou's right to personal freedom.
When Ren Zhengfei faced an interview with the BBC, he responded to this incident directly, claiming that the Meng Wanzhou incident had no impact on Huawei, and Huawei would develop faster, and made it clear that he opposed the accusations of the United States, and said that they thought that if Meng Wanzhou was arrested, Huawei would decline, but this is simply impossible, Huawei will not collapse because of someone, and even if he is not there one day, the company will not change its forward track.
At the same time, Huawei's lawyer also issued a statement that the U.S. accusations were politically motivated, and the Canadian Department of Justice was unmoved or authorized to move forward, which was very disappointing, and Ms. Meng Wanzhou did not have any wrongdoing, and the U.S. extradition was an abuse of justice.
Since Ms. Meng Wanzhou's arrest, there have been several court hearings on the Meng Wanzhou incident from 2018 to 2020, but in the end there was no conclusion, and Ms. Meng Wanzhou was also restricted in her freedom, not only could she not come and go freely, but was also required to wear a foot ring, which served as a role in imprisonment.
In July 2020, Huawei's lawyers submitted to a Canadian court the procedure to terminate Ms. Meng Wanzhou's extradition to the United States, because the evidence proved that the U.S. government wanted to use the Canadian government to use Meng Wanzhou as a "weight in trade dispute negotiations" and tried to blackmail Huawei through Meng Wanzhou, which has already undermined Canada's laws.
In response to this, the mainland People's Daily also published a report the next day, it turned out that Meng Wanzhou's definition of "fraud" was completely criticized and framed by HSBC, and HSBC maliciously slandered, pieced together materials, fabricated facts at will, and framed Ms. Meng Wanzhou for the sake of interests, and Ms. Meng Wanzhou herself was innocent!
As soon as this report came out, the true culprit who betrayed and framed Ms. Meng Wanzhou was revealed.
HSBC was stabbed in China and betrayed Huawei
After the People's Daily report, everyone obviously knew that this was the framing and slander of HSBC, and the reason why there was such an act was just a "traitor seeking glory" and trying to curry favor with the United States.
In 2013, because Huawei had business dealings with HSBC, Ms. Meng Wanzhou discussed future development cooperation with relevant staff of HSBC, but did not expect that HSBC would sell the relevant discussions to the United States.
And the reason why HSBC did this was to protect their so-called interests, and they thought that Meng Wanzhou wanted to defraud the bank at that time, and such reasons and excuses really made people speechless.
In this way, the United States relied on HSBC's random patchwork of materials to initiate the arrest of Ms. Meng Wanzhou.
HSBC's behavior is very strange.
But what people didn't expect was that after the HSBC framed Ms. Meng Wanzhou was exposed, it was also involved in a bigger scandal about HSBC - HSBC laundered money for Mexico's big drug lords.
At that time, according to the investigation of the U.S. Department of Justice, HSBC's North American branch had a large amount of cash deposits in Mexico, and a branch of HSBC in the Cayman Islands, Mexico, at that time, not only had no office staff, but also had 50,000 customers, and total assets of $2.1 billion in 2018.
In addition, this branch did not carry out timely liquidation of business, and after investigation, it was found that this bank branch was set up for money laundering by Mexican drug lords.
From 2002 to 2009, bank branches continued to launder money for Mexican drug monopolies.
And after an in-depth investigation, it is even more shocking that the regulators in the United States have long known that there are loopholes in the bank's monitoring and management system, but they have not taken relevant actions, which makes people very curious.
It was later discovered that HSBC had also circumvented U.S. requirements to prohibit economic dealings with Iran and other countries, and had quietly provided funds to banks in Saudi Arabia and Bangladesh, which were believed to fund terrorist groups at the time.
In 2014, the HSBC branch in Belgium was also prosecuted locally, believing that HSBC was suspected of fraud and money laundering, which shows that HSBC is really a crime, which makes people in many countries around the world resentful.
HSBC's stake-to-pile scandal has dealt a blow to the bank.
Scandal-ridden, coupled with the decline in reputation among the people, HSBC wanted to seek a big tree to shelter itself, in order to avoid punishment, and leaning on the big tree of the United States, HSBC did something even more disgusting, and handed over all the economic transactions between the bank and Huawei to the United States, which led to the fact that Meng Wanzhou was framed and detained for 1028 days.
And HSBC's move is undoubtedly a realistic version of "The Farmer and the Snake".
In the last years of the Qing Dynasty, the Qing government was weak and incompetent, and the Western powers came to divide China's property and land, and forced the Qing government to cede land and pay compensation, and the treasury had no money, so it took out loans.
At that time, the British saw through this, so they united and opened HSBC, and began to lend to the Qing government, thereby earning a lot of interest, so HSBC relied on the Qing government to develop rapidly.
It became one of the most well-known banks in China, and set up branches in various coastal areas of the mainland, and began to grow step by step.
Later, after the founding of the People's Republic of China, HSBC began to rely on the resources of the mainland, and gradually plumped its wings, after decades of development, HSBC has a rich heritage, becoming a strong bank in the eyes of everyone, in the 90s, most enterprises will cooperate with HSBC, including Huawei.
Unexpectedly, this laid a hidden danger for the backstab many years later.
The fate of HSBC
But with the fermentation of the Meng Wanzhou incident, HSBC has become a bank that people can't avoid, repeatedly backstabbing China, and giving the green light to Mexican drug lords, which has made HSBC's reputation fall off a cliff.
After the Meng Wanzhou incident in 2018, HSBC's business in China almost came to a standstill and declined rapidly, and in 2019, HSBC directly stopped all industries in China, after which HSBC's profits in countries around the world continued to decline until it fell below 65% in 2020.
At this time, the bank can be said to have begun to have negative profit growth, that is, it has stopped making money, and even began to lose money.
Because of alleged fraud, financing and other scandals, many companies have begun to withdraw from HSBC, everyone is worried that they will be the next Meng Wanzhou, HSBC has had a crisis of confidence at this time, just 3 months, HSBC has closed more than 80 stores, the rest is just the end of the crossbow.
At this time, HSBC thought that it could shelter itself from the wind and rain, and also abandoned it, so far, HSBC could only break its arm to protect itself, and had to start closing stores and laying off employees, and at the same time for the Meng Wanzhou incident, HSBC apologized and took out 50 million US dollars in compensation.
epilogue
HSBC's fate can be said to be embarrassing, but it is also deserved, and it is self-reaping.