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Bloomberg

Huawei Technologies’ chief financial officer is seeking bank records from HSBC Holdings in a bid to prove she did not trick lenders into processing transactions that violated US sanctions targeting Iran.
Meng Wanzhou, who is fighting extradition to the United States from Canada, asked London’s High Court to grant an order to obtain the records, which she says will show what the bank knew about Huawei’s ties to Iran-linked company Skycom that triggered the extradition request.
The 48-year-old Chinese executive was arrested in Canada on a US handover request in December 2018 and later released on C$10 million (US$7.9 million) bail.
US authorities are seeking Meng, the eldest daughter of Huawei’s billionaire founder Ren Zhengfei, to face fraud charges, alleging that she misled banks into handling transactions that violated American sanctions.
China demanded Meng Wanzhou’s return after bullets were sent to her Vancouver home, says security chief
At the heart of the case lies a Powerpoint presentation Meng gave to HSBC in Hong Kong in 2013.
In a court filing made public on Friday, Meng’s lawyer James Lewis said his client maintained that the presentation made clear that Skycom was a business partner of Huawei and worked with the firm in sales and services in Iran.
US prosecutors and HSBC contest this. They say the presentation was misleading because Meng failed to state that Huawei controlled Skycom’s operations in Iran. The US alleges that because of this, HSBC continued to provide banking services to Huawei, including clearing US dollar transactions related to Skycom’s commerce in Iran, according to Lewis.
Meng’s alleged deceit was said to have placed HSBC’s economic interests at risk, by exposing it to the potential violation of US sanctions, he said. Meng denies any wrongdoing.
Judge refuses to remove Meng Wanzhou’s security guards, who are tasked with preventing her escape
A spokesman for HSBC said the disclosure application was without merit. The bank was not a party to the criminal case in the US or the Canadian extradition proceedings, he said.
The bank’s lawyer Rupert Allen argued at Friday’s hearing that Meng had no jurisdiction in London to bring the disclosure application.
A spokeswoman for Huawei declined to comment. Meng’s extradition proceedings are due to start in March.
She hoped to use the bank’s records in “in support of her abuse of process and evidential sufficiency arguments in the extradition proceedings”, Lewis said.


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Huawei Technologies

Huawei’s Meng Wanzhou seeks HSBC records to counter Iran-linked fraud claims

HSBC says Meng Wanzhou’s disclosure application is without merit. Photo: Bloomberg

Huawei CFO Meng Wanzhou alleged actions had ‘no genuine connection’ to US, her lawyers say

Meng Wanzhou, chief financial officer of Huawei. Photo: The Canadian Press via AP

Huawei’s Meng Wanzhou wants Canada bail conditions eased

Huawei executive Meng Wanzhou leaves her home to attend a court hearing in Vancouver on December 11. Photo: The Canadian Press via AP

US under Biden could reboot Canada-China ties by dropping Meng Wanzhou extradition, Canadian ex-officials say

Meng Wanzhou leaves her Vancouver home for a court appearance in October. Her case has strained relations between the US, China and Canada. Photo: AFP

FILE PHOTO: Canadian Prime Minister Justin Trudeau listens while wearing a mask at a news conference held to discuss the country's coronavirus disease (COVID-19) response in Ottawa, Ontario, Canada November 6, 2020. REUTERS/Patrick Doyle//File Photo

I knew we’d end up in court, says border officer who dealt with Meng Wanzhou, as judge grants Huawei executive a small win

Canada Border Services Agency officer Scott Kirkland questions Meng Wanzhou at Vancouver’s airport on December 1, 2018. Photo: Supreme Court of British Columbia

Meng Wanzhou, chief financial officer of Huawei Technologies Co., arrives at the Supreme Court for a hearing in Vancouver, British Columbia, Canada, on Thursday, Oct. 29, 2020. The Canadian border agent who questioned Meng shortly before her 2018 arrest on a U.S. extradition request described the examination's tactics, including asking for and recording passwords to her devices, as normal. Photographer: Darryl Dyck/Bloomberg

Meng Wanzhou's Huawei Mate 20 Pro phone, seized by Canadian border officers on December 1, 2018. Photo: BC Supreme Court

Boxes containing household goods that were seized during a border inspection of Meng Wanzhou at Vancouver's airport on December 1, 2018, are seen in this court exhibit.  Photo: BC Supreme Court exhibit

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China

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Meng says documents will show what the bank knew about Huawei’s ties to Iranian firm at the centre of US extradition request
Bank says Meng has no jurisdiction in London to bring the disclosure application



Meng says documents will show what the bank knew about Huawei’s ties to Iranian firm at the centre of US extradition request.
