Home Topics Business U.K. court blocks HSBC papers from being published in Huawei CFO fraud...

U.K. court blocks HSBC papers from being published in Huawei CFO fraud case

© Reuters. FILE PHOTO: Meng Wanzhou, Huawei Technologies Chief Financial Officer arrives at court in Vancouver

LONDON (Reuters) – A UK judge on Friday blocked the publication of internal HSBC documents related to US fraud allegations against Huawei’s CFO Meng Wanzhou.

Meng is charged with bank fraud in the US for misleading HSBC over Huawei’s misleading deal in Iran, thereby violating US sanctions.

She has been under house arrest in Canada since her arrest at Vancouver Airport in 2018 and is one of the most prominent figures in a rolling trade war between China and the United States.

In a hearing in the UK High Court last week, her attorneys argued that the charges against her were based on a presentation she made to a senior HSBC executive in 2013.

The legal team said that “an incomplete version” of their testimony was provided in the presentation by US authorities, and asked the court to order the release of HSBC documents detailing the content of the meeting.

The judge’s written judgment on Friday denied Meng’s motion, asking her team to pay legal fees of £ 80,000 (US $ 111,936).

Huawei declined to comment immediately.

A HSBC spokeswoman said: “This UK disclosure request was unfounded and we are pleased that the High Court has approved our position.”

($ 1 = 0.7147 pounds)

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