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Monday, May 17, 2021

HSBC and Huawei CFO reach agreement on document publication linked to extradition case

HSBC and Huawei CFO reach agreement on document publication linked to extradition case

HSBC and Huawei Technologies’ Chief Financial Officer Meng Wanzhou have reached an agreement in a dispute about the publication of documents relating to U.S. fraud allegations against her, their lawyers told a Hong Kong court.
The judge, Linda Chan, made court orders along the lines of the agreement, she said on Monday. The orders were, however, not immediately available.

The legal dispute reached the Hong Kong court last month after a British judge in February blocked the release of internal HSBC documents relating to the fraud allegations against Meng.

Meng, who has been under house arrest in Canada since being detained at Vancouver airport in 2018, is facing charges of bank fraud in the United States for allegedly misleading HSBC about Huawei dealings in Iran, causing the bank to violate U.S. sanctions.
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