🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Huawei CFO says HSBC emails disprove basis for U.S. extradition claim

Published 06/29/2021, 07:55 PM
Updated 06/29/2021, 09:31 PM
© Reuters. Huawei Technologies Chief Financial Officer Meng Wanzhou returns to a court hearing following a lunch break in Vancouver, British Columbia, Canada June 29, 2021. REUTERS/Jennifer Gauthier

By Moira Warburton

VANCOUVER (Reuters) - Lawyers fighting the extradition of Huawei's chief financial officer to the United States on Tuesday presented internal emails from British bank HSBC that they said disproved U.S. claims that Huawei misled the bank.

CFO Meng Wanzhou's legal team said the emails and documents submitted to a Canadian court showed at least two senior HSBC leaders were aware of connections between Huawei and its Iranian subsidiary, Skycom. HSBC declined to comment.

Meng's lawyers are trying to add the documents to evidence. They are meant to counter U.S. charges that only junior employees of the British bank knew about the true nature of relationship between Huawei and Skycom.

U.S. prosecutors have alleged that Meng misled HSBC about Huawei's business dealings in Iran and may have caused the bank to break U.S. sanctions.

Meng, 49, was arrested in December 2018 at Vancouver International Airport on charges of bank fraud in the United States. She has been held on house arrest for more than two years while her case moves through the Canadian legal system.

Her legal team has extracted internal documents from HSBC through a court in Hong Kong, and they hope to refer to them in the case's final hearings scheduled for August.

In particular, the defense alleges that two HSBC managing directors viewed Meng's presentation to HSBC about Huawei's business in Iran. They said it made clear Skycom's ownership structure.

Meng and her legal team appeared in the British Columbia Supreme Court on Tuesday on the first day of a two-day hearing where they will argue to add more evidence to support her case.

© Reuters. Huawei Technologies Chief Financial Officer Meng Wanzhou returns to a court hearing following a lunch break in Vancouver, British Columbia, Canada June 29, 2021. REUTERS/Jennifer Gauthier

The evidence shows the U.S. argument is "so defective as to compel the courts to place no reliance on them," Mark Sandler, defense lawyer for Meng, told the court.

Prosecutors representing the Canadian government argued that the evidence and arguments were beyond the scope of an extradition hearing.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.