Huawei CFO’s downfall may have happened in a Hong Kong teahouse
In a Hong Kong teahouse, meeting with an HSBC banker in 2013, with a PowerPoint presentation
Vancouver — The legal fate of Huawei Technologies’ CFO may hinge on a fateful meeting at a Hong Kong teahouse with an HSBC Holding banker in 2013. Meng Wanzhou’s hefty legal team is gearing up to challenge a US extradition request of the Chinese telecom executive, hoping to beat the odds by having a Canadian court throw out the case. If that fails, her prospects may depend on whether her huddle with an HSBC banker comprises enough evidence to justify turning her over. The US allegations — that Meng tricked banks into processing Huawei transactions that potentially violated Iran sanctions — rest heavily on a PowerPoint presentation she gave at a meeting almost six years ago with an executive from “Financial Institution 1”, identified in earlier hearings as London-based HSBC. “The actus reus, as it were, of this matter occurred on August 22 2013 in a teahouse in Hong Kong,” Richard Peck, one of Meng’s defence lawyers, told the Vancouver court on Wednesday, referring to the alleged cri...
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