Canadian Supreme Court asks the attorney general to submit more evidence and documents regarding Huawei’s CFO’s arrest

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Updated on Mar 11, 2020
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  • Canadian Supreme Court demands more evidence and documents regarding Huawei's CFO's arrest on Tuesday.
  • CFO's legal team says that Wanzhou's arrest was unlawful and the Canadian authorities acted on behalf of the U.S FBI.
  • Meng Wanzhou pleaded not-guilty and stated that the identifying information of her electronic devices was mishandled.
  • The Supreme Court hasn't announced a deadline for the submission of required documents.
  • Huawei Technologies' performance in the stock market has almost flatlined on average in 2019.

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Huawei’s chief financial officer, Meng Wanzhou was detained on December 1st, 2018 at Vancouver airport, Canada. The CFO was charged with bank fraud and providing misleading information to HSBC Holdings regarding the company’s business in Iran. Pleading non-guilty, Wanzhou has been fighting extradition in the Canadian court against what she calls the violation of her rights.

As per Tuesday’s ruling, the judge has decided in favor of the CFO and demanded more evidence from Canada’s attorney general. The judge has also ordered the documents related to Wanzhou’s arrest to be submitted in the court of law.

CFO’s Legal Team Says Her Arrest Was Unlawful

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According to Wanzhou’s legal team, it was unlawful of the Canadian authorities to arrest the CFO. The team further added that Canada acted on behalf of the U.S Federal Bureau of Investigation (FBI), and that the United States wishes to earn political or economic gain out of the incident.

Proceedings of the Supreme Court of British Columbia on Tuesday bring good news for Huawei Technologies with the CFO’s legal team expressing confidence that the release of the documents that highlight the events of the arrest will make it evident that the process was broadly abused.

Heather Holmes, the associate chief justice of the Supreme Court, remarked in the ruling that the provided evidence currently has a few gaps which need to be filled with additional documents before a final decision can be announced. At this stage, she commented, the ruling stands limited and doesn’t favor the CFO’s allegations that the identifying information regarding her electronic devices was mishandled by the Canadian authorities.

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The judge particularly demanded an explanation for why, in contradiction to the law, the Canadian Border Services Agency (CBSA) chose to turn over the passcodes to the Royal Canadian Mounted Police (RCMP). She also stated that the current evidence is not sufficient to prove beyond doubt that the allegations on RCMP of having sent the identifying information of the CFO’s electronic devices to the FBI are indeed false.

Supreme Court Didn’t Announce A Deadline For Submission Of Documents

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Tuesday’s ruling, however, didn’t announce a deadline for the submission of the required documents. Wanzhou’s extradition is set to start in Vancouver’s federal court on January 20th, 2020.

Huawei’s representative has refused to comment on the news at this stage.

Huawei Technologies’ performance in the stock market has almost flatlined on average in 2019. The stock opened at 3.95 CNY in January. After printing a year-to-date high of 5.21 CNY in April, and a low of 2.61 CNY in November, the stock is currently exchanging hands at 3.89 CNY.

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