Huawei CFO loses key aspect of US extradition case in Canada court

The United States has charged Meng with bank fraud and misleading HSBC

VANCOUVER, May 27 - Huawei Technologies Co Ltd’s Chief Financial Officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday.

HUAWEI DEALT CRITICAL BLOW WITH US RESTRICTIONS ON CHIPMAKERS

The judge sided with the Canadian prosecutors in ruling that the legal standard of double criminality had been met, meaning the U.S. charges against Meng are also crimes in Canada.

Huawei chief financial officer Meng Wanzhou, who is out on bail and remains under partial house arrest after she was detained last year at the behest of American authorities, leaves her home in Vancouver, British Columbia. (Jonathan Hayward/The Canad

The United States has charged Meng with bank fraud and misleading HSBC about a Huawei-owned company’s dealings with Iran - was also illegal in Canada at the time of her December 2018 arrest.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The ruling paves the way for the extradition hearing to proceed to the second phase starting June.

CLICK HERE TO READ MORE ON FOX BUSINESS

(Reporting by Tessa Vikander in Vancouver Writing by Moira Warburton in Toronto Editing by Denny Thomas and Lisa Shumaker)