UK court blocks release of HSBC documents in Huawei CFO fraud case By Reuters

LYNXMPEE2Q1H1_L.jpg

© Reuters. FILE PHOTO: Huawei Technologies CFO Meng Wanzhou arrives at court in Vancouver

LONDON (Reuters) – A British judge on Friday blocked the release of internal HSBC documents related to accusations of fraud in the United States against Huawei’s CFO Meng Wanzhou. Meng faces bank fraud charges in the United States for allegedly misleading HSBC about Huawei’s business in Iran, causing the bank to violate US sanctions. She has been under house arrest in Canada since she was detained at the Vancouver airport in 2018 and became one of the most prominent figures in an ongoing trade war between China and the United States. At a hearing in Britain’s High Court last week, his lawyers argued that the charges against him were based on a presentation he made to a senior HSBC executive in 2013. The legal team said there was “an incomplete version” of your statements in the presentation. filed by US authorities and asked the court to order the release of HSBC documents detailing the content of the meeting. The judge’s written ruling on Friday rejected Meng’s request and ordered his team to pay legal costs of 80,000 pounds ($ 111,936). Huawei declined to comment immediately. An HSBC spokeswoman said: “This UK disclosure request is without merit and we are pleased that the High Court has accepted our position.” ($ 1 = 0.7147 pounds)

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.