November 27, 2022
#HSBC HOLDINGS PLC (XNYS:HSBC PR A) #HUAWEI TECHNOLOGIES

Lawyers representing Meng Wanzhou tried to discredit evidence presented by US officials in her extradition hearing, arguing a banker at HSBC Holdings Plc knew that a company doing business with Iran was actually an affiliate of Huawei Technologies Co.

One of Meng’s lawyers, Frank Addario, told the Supreme Court of British Columbia that the Department of Justice presented “misleading and unreliable” evidence when it described a meeting Meng had with an HSBC executive in a Hong Kong tea room in 2013.

 

 

That meeting is a key event in the US case against Meng, which alleges the Huawei chief financial officer misled banks into processing Huawei transactions that potentially violated US sanctions against Iran.

Meng, the eldest daughter of Huawei founder and CEO Ren Zhengfei, was arrested on a US handover request at Vancouver International Airport in December 2018 on fraud charges. She has been living in Vancouver since then with a court-appointed security detail and restrictions on her movements. Her case has become a flashpoint in US-China relations, with Canada caught in the middle.

 

 

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