Judge Blocks Admission of New Evidence on “Loan Loss” in Meng Case
VANCOUVER – Huawei executive Meng Wanzhou lost an offer to admit additional evidence in her extradition case showing no risk of loss of credit by the international bank at the center of fraud allegations.
Meng’s attorneys argued in court to allow proof that the HSBC loans had been repaid in full, but BC Supreme Court Associate Chief Justice Heather Holmes said the evidence was not was irrelevant.
Holmes says in a written decision that she agrees with an argument by the Attorney General of Canada that the inclusion of the loans in the U.S. record of the case is relevant to the allegations against Meng.
Holmes claims the United States claims HSBC was misled by Meng’s alleged misrepresentation into pursuing a banking relationship with the Huawei group of companies.
The judge says that a lender who grants a loan on the basis of a false declaration risks an economic loss because he lost the use of the funds during the life of the loan.
Meng denies claims by the United States that she distorted Huawei’s control over another company during a presentation to HSBC, putting the bank at risk of violating U.S. sanctions against Iran.
This report by The Canadian Press was first published on March 23, 2021.
The Canadian Press