Huawei CFO's legal team resumes defense in Canadian court

Lawyers for a senior executive for Chinese communications giant Huawei Technologies have argued at an extradition hearing in Canada that there is no evidence she made any misrepresentations that resulted in a bank suffering a loss

VANCOUVER, British Columbia -- Lawyers for a senior executive for Chinese communications giant Huawei Technologies told a court Monday that there is no evidence she made any misrepresentations that resulted in a bank suffering a loss or put the bank at risk of suffering a loss. Meng Wanzhou, who is the daughter of Huawei’s founder and serves as the company’s chief financial officer, was arrested at Vancouver’s airport in late 2018 at the request of U.S. authorities. Her arrest infuriated Beijing, which sees her case as a political move designed to prevent China’s rise. The U.S. wants Meng extradited to face fraud charge, alleging she committed fraud by misleading the HSBC bank about the company’s business dealings in Iran. It accuses Huawei of using a Hong Kong shell company called Skycom to sell equipment to Iran in violation of U.S. sanctions. The lengthy extradition proceeding is entering the phase which involves arguments over the U.S. government’s request to extradite Meng.