Huawei CFO Meng Wenzhou sued HBSC in Hong Kong

New chapter in Meng Wenzhou case. After his UK lawsuit against HSBC failed, Huawei CFO Continues Aggressive Leadership in Hong KongReported to our colleagues from SCMP. Their goal: to have access to internal documents that can support their defense, and thus avoid their extradition from Canada to the United States.

What is the charge of Huawei’s Chief Financial Officer?

It was in 2013 that Meng Wenzhou’s affair began. In his meeting with HSBC, Huawei’s chief financial officer is said to have intentionally lied to a British bank by severing ties with Skycom, a company based in Iran. Double punishment to Chinese leader. On one hand, he is chargedViolation of US sanctions against Iran. On the other hand, he is accused of misleading HSBC during his trade deals with Huawei, which in turn put the bank at risk of violating US sanctions against Iran.

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In 2018, Meng Wenzhou was arrested in Canada by order of the US police forces. Therefore, the US wants to extradite him to bring him before the country’s courts. Meng Wenzhou’s lawyers quickly protest, who then claim this extradition process “Is unfounded”.

As of this writing, Meng Wenzhou is still in Canada. If the Chinese leader is still not extradited to the United States, but she is known to be in a delicate situation: American justice is determined to follow through on her ideas, and Canada has, on several occasions in the past, given her signs Willingness to cooperate.

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Meng Wenzhou leads the offensive

In mid-February 2021, Meng Wenzhou’s lawyers decide to sue HSBC The United Kingdom has access to documents that enable US authorities to request the businessman’s extradition. In fact, the Huawei director says that it has not misled HSBC about trade between Huawei and Iran, and these documents can prove it. Charges of fraud that formed the basis of the extradition request would no longer be acceptable, and the Chinese executive would eventually be “freed” from his sword of Damocles.

When the lawsuits were announced, an HSBC spokesperson responded: ” Britain’s request for a disclosure is unfounded. HSBC is not a party to an underlying criminal case in the United States or an extradition proceeding in Canada. “. An opinion clearly shared by He quickly dismissed proceedings as the British judge in charge of the case.

Far from being discouraged, Meng Wenzhou continues his offensive. Lawyers filed for Huawei’s Chief Financial Officer on February 25 A new appeal against HSBC, but this time in Hong Kong. As such, it is expected that from next March 12, Judge Linda Chan Ching-Fan will proceed to a closed hearing, during which he will listen to Ming Wenzhou. for his part, HSBC declined to comment on these new lawsuits.

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