© AFP 2018 / Justin Tallis Ex-HSBC Bank Executive Sentenced to 2 Years for Defrauding Client The sources said HSBC (initially known as the Hongkong and Shanghai Banking Corporation) is not involved in the legal case and is not being investigated. On Wednesday, Canadian media said Meng was apprehended in Vancouver last Saturday on suspicion of violating US sanctions against Iran. The Chinese embassy in Canada in a statement protested Meng’s arrest, calling it a violation of human rights. The diplomats also called on Ottawa to immediately release the leading financial officer of the Chinese telecom giant. READ MORE: Huawei Scandal: Who Else Has Been Arrested at the US’ Request?