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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

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Share Price: 720.80
Bid: 722.20
Ask: 722.40
Change: 8.20 (1.15%)
Spread: 0.20 (0.028%)
Open: 722.30
High: 724.40
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Prev. Close: 712.60
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Huawei CFO seeks publication ban on HSBC documents in U.S. extradition case

Mon, 14th Jun 2021 19:18

By Moira Warburton

VANCOUVER, June 14 (Reuters) - Huawei Chief Financial
Officer Meng Wanzhou on Monday will seek to bar publication of
documents her legal team received from HSBC, a request opposed
by Canadian prosecutors in her U.S. extradition case who say it
violates the principles of open court.

Meng's legal team will present arguments in support of the
ban in the British Columbia Supreme Court.

Meng, 49, was arrested at Vancouver International Airport in
December 2018 on a warrant from the United States, where she
faces charges of bank fraud for allegedly misleading HSBC
about Huawei Technologies Co Ltd's business
dealings in Iran and potentially causing the bank to break U.S.
sanctions on business in Iran.

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

Lawyers for Huawei and HSBC in Hong Kong agreed to a release
of the documents in April to Meng's legal team on the condition
that they "use reasonable effort" to keep confidential
information concealed from the public, according to submissions
filed by the defense on Friday.

Prosecutors representing the Canadian government argued
against the ban, saying in submissions filed the same day 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.

A consortium of media outlets, including Reuters News, also
opposes the ban.

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.

Meng's hearing was initially set to wrap up in May but
Associate Chief Justice Heather Holmes granted an extension to
allow the defense to read through the new documents.

Hearings in the extradition case are scheduled to finish in
late August.
(Reporting by Moira Warburton in Vancouver; Editing by Howard
Goller)

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