Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Canada court rejects Huawei CFO push for publication ban on new evidence in U.S. extradition case

Published 25/06/2021, 19:16
Updated 25/06/2021, 20:25
© Reuters. FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada March 22, 2021. REUTERS/Jennifer Gauthier/File Photo

By Moira Warburton

VANCOUVER (Reuters) -Huawei Chief Financial Officer Meng Wanzhou's request for a publication ban on new evidence her legal team received from HSBC has been denied by a Canadian court in her U.S. extradition case, a lawyer involved in the case said on Friday.

Meng, 49, was arrested in December 2018 for allegedly misleading HSBC about Huawei Technologies Co Ltd's business dealings in Iran, causing the bank to break U.S. sanctions.

She faces a Canadian government extradition attempt on charges of bank fraud in the United States.

Canadian prosecutors had fought her request for a publication ban on documents relevant to her case received from HSBC via a court in Hong Kong. The documents were provided on the condition that Meng make a reasonable effort to keep them private.

The British Columbia Supreme Court on Thursday dismissed the request, said Daniel Coles, the legal counsel representing a consortium of media outlets - including Reuters - who argued against the publication ban.

The reasons for the denial were not made public, pending issues relating to a previous publication ban, Coles said.

Prosecutors representing the Canadian government had argued that "to be consistent with the open court principle, a ban must be tailored" and details should be selectively redacted from the public, rather than the whole documents.

Meng has been under house arrest in Vancouver for more than two years and fighting her extradition. Meng has said she is innocent.

Alykhan Velshi, vice president of corporate affairs at Huawei Canada, said in an emailed statement the company accepts the court's decision, adding that "the truth in these documents can now come out."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The Canadian government and HSBC were not immediately available for comment.

The open court principle requires that court proceedings be open and accessible to the public and to the media.

    It is unclear what documents Huawei obtained from HSBC, but defense lawyers argue they are relevant to Meng's case. Hearings in the extradition case are scheduled to finish in late August.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.