Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Huawei CFO's legal team resumes defense in Canadian court

Huawei CFO's legal team resumes defense in Canadian court

Lawyers for a senior executive for Chinese communications giant Huawei Technologies told a court Monday that there is no evidence she made any misrepresentations that resulted in a bank suffering a loss or put the bank at risk of suffering a loss.

Meng Wanzhou, who is the daughter of Huawei’s founder and serves as the company’s chief financial officer, was arrested at Vancouver’s airport in late 2018 at the request of U.S. authorities. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China’s rise.

The U.S. wants Meng extradited to face fraud charge, alleging she committed fraud by misleading the HSBC bank about the company’s business dealings in Iran. It accuses Huawei of using a Hong Kong shell company called Skycom to sell equipment to Iran in violation of U.S. sanctions.

Meng Wanzhou, chief financial officer of Huawei, gets out of a vehicle outside a hotel during a break from her extradition hearing, in Vancouver, on Monday, Aug. 16, 2021.


The lengthy extradition proceeding is entering the phase which involves arguments over the U.S. government’s request to extradite Meng.

Defense lawyer Mark Sandler said the U.S. must prove that during a meeting with an HSBC executive, Meng made misrepresentations that put the bank at risk of violating sanctions.

"The requesting state has failed to establish any economic loss or risk of loss," Sandler said. "In any event any such loss . . . was not caused by Meng’s alleged misrepresentations."

During the meeting, Meng said Huawei and Skycom continued to do business in Iran, Sandler said.

After the meeting it was HSBC’s choice to take money deposited by Skycom and clear it through the U.S., he said.

"Any exposure to HSBC was its own doing and was not caused by anything represented to it by Ms. Meng," said Sandler. "There is no evidence that Huawei or Skycom had any role in how HSBC chose to clear the funds."

Canadian justice department lawyers have argued that during the meeting with the bank official, Meng was dishonest in not disclosing Huawei’s relationship with Skycom and that put the bank at risk of violating U.S. sanctions against Iran.

Meng, who attended the hearing wearing an electronic monitoring device on her ankle, followed the proceedings through a translator.

Associate Chief Justice Heather Holmes isn’t expected to rule on Meng’s extradition until later in the year. Whatever her decision, it will likely be appealed.

Last week a Chinese court sentenced Canadian entrepreneur Michael Spavor to 11 years in prison for spying.

Spavor and fellow Canadian Michael Kovrig were arrested in December of 2018 in apparent retaliation to Meng’s arrest.

In another case, the Higher People’s Court of Liaoning province in northeast China rejected an appeal by Canadian Robert Schellenberg, whose 15-year prison term on drug smuggling charges was increased to death in January 2019 following Meng’s arrest.

Meng remains free on bail in Vancouver and is living in a mansion.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Hungary Ranked Among the World’s Safest Travel Destinations for 2025
G7 Leaders Fail to Reach Consensus on Key Global Issues
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
×