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Huawei CFO Meng seeks HSBC records in U.S. extradition fight

Huawei CFO Meng seeks HSBC records in U.S. extradition fight
Ellen Milligan, Bloomberg
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Meng Wanzhou leaves her home to attend Supreme Court in Vancouver, Canada, on Jan. 29, 2021.Bloomberg photo by Darryl Dyck.
Huawei Technologies Ltd. s chief financial officer is seeking bank records from HSBC Holdings in a bid to prove she didn t trick lenders into processing transactions that violated U.S. sanctions targeting Iran.
Meng Wanzhou, who s fighting extradition to the U.S. from Canada, asked London s High Court to grant an order to obtain the records, which she says will show what the bank knew about Huawei s ties to Iran-linked company Skycom that sparked the extradition request. ....

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Huawei CFO Meng Wanzhou sues HSBC in the UK — Quartz

It’s been a rough month for HSBC in the UK.
First, in January, the bank’s CEO, Noel Quinn, and its chief compliance officer, Colin Bell, were asked to appear before the foreign affairs committee of Britain’s Parliament to account for HSBC’s support of a repressive security law imposed by authorities in Beijing on Hong Kong six months earlier.
Then, earlier this month, the London-headquartered bank was taken to court in the UK by Meng Wanzhou, the chief financial officer of Huawei, who is fighting a US extradition request from Canada.
But in a ruling today (Feb. 19), the UK High Court of Justice spared HSBC from having to get further embroiled in the case, which has become a symbol of China’s increasingly fraught relations with Western democracies. ....

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