Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > As Huawei CFO case enters final weeks, lawyer questions information in U.S. extradition request
    Business

    As Huawei CFO case enters final weeks, lawyer questions information in U.S. extradition request

    As Huawei CFO case enters final weeks, lawyer questions information in U.S. extradition request

    Published by maria gbaf

    Posted on August 5, 2021

    Featured image for article about Business

    By Moira Warburton

    VANCOUVER (Reuters) – Lawyers making a final push to convince a Canadian court not to recommend the extradition of Huawei Chief Financial Officer Meng Wanzhou on Wednesday called into question the reliability of information provided by the United States in its extradition request.

    Meng has returned to a Canadian courtroom for the final weeks of her U.S. extradition hearings, as the legal proceedings running more than two years draw to a close.

    Meng, 49, was arrested in December 2018 at Vancouver International Airport on a warrant from the United States, charging her with misleading HSBC Holdings PLC about Huawei’s business dealings in Iran, potentially causing the bank to violate American economic sanctions.

    Meng, who has said she is innocent, has been fighting her extradition from under house arrest in Vancouver.

    The hearings, expected to last until Aug. 20, will initially focus on the third part of her lawyers’ arguments, specifically that U.S. prosecutors materially misrepresented the case against her in their extradition request to Canada.

    On Wednesday, defense lawyer Mona Duckett told Associate Chief Justice Heather Holmes in the British Columbia Supreme Court that there was no way for her to “know if the wool has been pulled over (her) eyes” by the United States in their request for Meng’s extradition.

    The defense has called the U.S. record of the case “manifestly unreliable,” which Canadian prosecutors dispute.

    After this stage is completed, hearings will then move to the remedy stage, which will address Meng’s allegations that abuses of process occurred during her arrest. After that, a committal hearing, to determine whether there is sufficient evidence against Meng for her to stand trial, will take place.

    A decision is widely expected in the autumn.

    A spokesperson for Canada’s Department of Justice said on Tuesday Meng will continue to be afforded a fair process in accordance with Canadian law.

    Huawei said in a statement on Wednesday it “remains confident” in Meng’s innocence, and added the company will continue to support her defense.

    In the days following Meng’s arrest, which immediately caused a chill in relations between Ottawa and Beijing, China detained two Canadians – Michael Spavor, a businessman, and Michael Kovrig, a former diplomat. Ottawa has repeatedly pressed Washington for help in pressuring China to release the men.

    The context of the case has “changed significantly” since Joe Biden became U.S. president in January of this year, said Lynette Ong, an associate professor at the University of Toronto and expert on China.

    Biden’s return to more traditional modes of diplomacy means that Canada can rely on the United States to advocate for the two Canadians in ways it could not under former President Donald Trump, Ong said.

    “Friends have to look out for each other’s interests in the Biden era, which wasn’t the case during Trump – it was very much a unilateral aggressive approach,” Ong said.

    (Reporting by Moira Warburton in Vancouver; Editing by Sonya Hepinstall)

    By Moira Warburton

    VANCOUVER (Reuters) – Lawyers making a final push to convince a Canadian court not to recommend the extradition of Huawei Chief Financial Officer Meng Wanzhou on Wednesday called into question the reliability of information provided by the United States in its extradition request.

    Meng has returned to a Canadian courtroom for the final weeks of her U.S. extradition hearings, as the legal proceedings running more than two years draw to a close.

    Meng, 49, was arrested in December 2018 at Vancouver International Airport on a warrant from the United States, charging her with misleading HSBC Holdings PLC about Huawei’s business dealings in Iran, potentially causing the bank to violate American economic sanctions.

    Meng, who has said she is innocent, has been fighting her extradition from under house arrest in Vancouver.

    The hearings, expected to last until Aug. 20, will initially focus on the third part of her lawyers’ arguments, specifically that U.S. prosecutors materially misrepresented the case against her in their extradition request to Canada.

    On Wednesday, defense lawyer Mona Duckett told Associate Chief Justice Heather Holmes in the British Columbia Supreme Court that there was no way for her to “know if the wool has been pulled over (her) eyes” by the United States in their request for Meng’s extradition.

    The defense has called the U.S. record of the case “manifestly unreliable,” which Canadian prosecutors dispute.

    After this stage is completed, hearings will then move to the remedy stage, which will address Meng’s allegations that abuses of process occurred during her arrest. After that, a committal hearing, to determine whether there is sufficient evidence against Meng for her to stand trial, will take place.

    A decision is widely expected in the autumn.

    A spokesperson for Canada’s Department of Justice said on Tuesday Meng will continue to be afforded a fair process in accordance with Canadian law.

    Huawei said in a statement on Wednesday it “remains confident” in Meng’s innocence, and added the company will continue to support her defense.

    In the days following Meng’s arrest, which immediately caused a chill in relations between Ottawa and Beijing, China detained two Canadians – Michael Spavor, a businessman, and Michael Kovrig, a former diplomat. Ottawa has repeatedly pressed Washington for help in pressuring China to release the men.

    The context of the case has “changed significantly” since Joe Biden became U.S. president in January of this year, said Lynette Ong, an associate professor at the University of Toronto and expert on China.

    Biden’s return to more traditional modes of diplomacy means that Canada can rely on the United States to advocate for the two Canadians in ways it could not under former President Donald Trump, Ong said.

    “Friends have to look out for each other’s interests in the Biden era, which wasn’t the case during Trump – it was very much a unilateral aggressive approach,” Ong said.

    (Reporting by Moira Warburton in Vancouver; Editing by Sonya Hepinstall)

    Related Posts
    Why Email Deliverability is a Business Risk Your Company Can’t Afford to Ignore
    Why Email Deliverability is a Business Risk Your Company Can’t Afford to Ignore
    Five questions to ask before stepping into Employee Ownership
    Five questions to ask before stepping into Employee Ownership
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Business PostUber posts $509 million adjusted loss on driver incentives even as trips rise
    Next Business PostIndia enforcement agency threatens Flipkart, founders with $1.35 billion fine -sources

    More from Business

    Explore more articles in the Business category

    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    View All Business Posts