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Huawei CFO loses access to HSBC papers in UK court

Meng faces bank fraud charges in the United States. (AP photo)

London: A British judge on Friday blocked the release of internal HSBC documents related to US fraud allegations against Huawei’s chief financial officer Meng Wanzhou.

Meng is facing bank fraud charges in the United States for misleading HSBC about Huawei’s business dealings in Iran, causing the bank to violate US sanctions.

She has been under house arrest in Canada since her detention at Vancouver Airport in 2018 and has become one of the most well-known figures in the trade war between China and the United States.

At a hearing at the British High Court last week, her attorneys said the charges against her were based on a presentation she made to a senior HSBC executive in 2013.

The legal team said that the US authorities provided an “incomplete copy” of their statements at the presentation and asked the court to order the release of HSBC documents explaining the contents of the meeting.

The judge’s written judgment on Friday rejected Meng’s request and ordered her team to pay legal costs of £ 80,000.

A Huawei spokesperson said: “Huawei is disappointed with today’s court ruling. The pursuit of justice benefits from access to relevant information and clarity of facts.”

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

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