New York (CNN Business)Extradition hearings for Huawei CFO Meng Wanzhou have concluded more than two years after she was arrested in Vancouver, Canada.
But the case isn’t over yet. Meng now awaits the decision of Canadian Associate Chief Justice Heather Holmes as to whether she should be extradited to stand trial in the United States, where she and Huawei have been charged for alleged bank fraud and evasion of economic sanctions against Iran. The ruling is expected to take months. The case has thrown a wrench in US, Canadian and Chinese relations. The United States wants Meng, who is also the daughter of the Chinese telecom giant’s founder and CEO Ren Zhengfei, to be extradited to New York and tried along with Huawei.
Meng was arrested in December 2018 at the Vancouver airport at the behest of the US government and has been living under house arrest in her multimillion-dollar homes in the city amid the proceedings.
The US case centers on whether Meng misled HSBC (HBCYF) about Huawei’s relationship with an Iranian subsidiary, Skycom, which the US alleges could have put the bank at risk of sanctions violations. Huawei and Meng’s team have denied these allegations, saying that HSBC executives knew of Huawei’s relationships with Skycom. Read More
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The case to extradite Huawei CFO Meng Wanzhou from Canada to the United States can continue, judge rules
If the judge rules in Meng’s favor, the extradition proceedings will be over and Meng could be released; although the Crown, which is arguing on behalf of the extradition, could decide to appeal. If Holmes rules against Meng, the decision will move to Canada’s justice minister for final approval. “From the start, Huawei has been confident in Ms. Meng’s innocence and has trusted the Canadian judicial system,” Huawei Canada said in a statement Wednesday. “Accordingly, Huawei has been supporting Ms. Meng’s pursuit of justice and freedom. We continue to do so today.”
Source: edition.cnn.com
