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HSBC, Huawei’s Meng Wanzhou settle Hong Kong case seeking documents as she fights extradition
- Meng’s lawyers have been seeking documents from HSBC that they claim show bank officials previously knew of Huawei’s dealings in Iran and she did not mislead the bank
- Final weeks of hearings in her case are expected to conclude in May
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HSBC reached a settlement on Monday over documents that Huawei Technologies Co. chief financial officer Meng Wanzhou is seeking from the bank related to her extradition case as she tries to avoid a criminal trial in the United States.
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Meng, who is also known as Sabrina, was detained by Canadian authorities in December 2018 at the request of the US Justice Department. The daughter of Huawei founder Ren Zhengfei, she is facing bank fraud charges that she misled HSBC about the Chinese telecommunications giant’s business deals in Iran during a 2013 meeting.
She has said she is innocent and her lawyers have been seeking documents from HSBC that they claim show HSBC officials previously knew about Huawei’s dealings in Iran and she did not mislead the bank, negating the US’s extradition request. A court in the United Kingdom previously rejected a similar request for documents from the bank.
“An agreement has been reached with HSBC in relation to the Hong Kong legal proceedings for document production and an order has been approved by the court,” a Huawei spokeswoman said on Monday.
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How the arrest of Huawei CFO Meng Wanzhou soured China's relations with the US and Canada
How the arrest of Huawei CFO Meng Wanzhou soured China's relations with the US and Canada
A HSBC spokeswoman separately confirmed on Monday that an agreement had been reached to resolve the document request.
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