SAWT BEIRUT INTERNATIONAL

| 27 April 2024, Saturday |

CFOs of HSBC and Huawei have reach agreement on release of documents on extradition case

Their lawyers told a Hong Kong court that HSBC and Huawei Technologies’ Chief Financial Officer Meng Wanzhou had reached an understanding in their dispute over the release of documents related to U.S. fraud charges against her.

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.

Meng, who claims to be innocent, was requesting the release of documents related to her continuing fight against extradition from Canada to the United States.

A Huawei spokesman and an HSBC spokeswoman both said they had reached an agreement in response to a Reuters request for comment on Monday, but did not provide any additional information.

    Source:
  • Reuters