US probe of China's Huawei includes bank fraud accusations: sources

A woman walks by a Huawei logo at a shopping mall in Shanghai, China. [Photo: Reuters]

WASHINGTON- Chinese telecoms giant Huawei Technologies Co Ltd’s chief financial officer was arrested as part of a US investigation into an alleged scheme to use the global banking system to evade US sanctions against Iran, according to people familiar with the probe.

The United States has been looking since at least 2016 into whether Huawei shipped US-origin products to Iran and other countries in violation of US export and sanctions laws, Reuters reported in April.