Finance

Released Papers Show BNP, Citigroup’s Involvement in US Case Against Huawei CFO

Released Papers Show BNP, Citigroup's Involvement in US Case Against Huawei CFO

U.S.-stationed Citigroup and French bank BNP Paribas are caught up in the U.S. legal case against the chief financial officer of China’s Huawei Technologies, following newly available records.

The banks were named in papers released on Tuesday after a hearing in British Columbia Supreme Court, where Huawei CFO Meng Wanzhou is battling extradition to the United States on bank fraud charges.

The two are among at least four financial institutions that had banking connections with Huawei when Meng and others allegedly misled them about its business dealings in Iran regardless of U.S. penalties.

The banks are considered “victim” institutions within the 13-count indictment the USA brought against Meng and Huawei, which incorporates charges of bank and wire fraud, violating sanctions in opposition to Iran and obstructing justice.

Spokespeople for Citigroup, Standard Chartered, BNP Paribas, and HSBC all declined to comment, as did a spokesperson for U.S. prosecutors. Huawei didn’t reply to a request to touch upon the new public information.

The British Columbia Supreme Court made public hundreds of papers and other materials, including video of Meng’s arrest, in advance of a hearing scheduled to start Sept. 23 in Vancouver.

In the video, Meng can be seen passing through the Vancouver airport customs and immigration area, escorted by border brokers, and is suspected.

In a transcript, Meng continuously asks why she was being taken and is finally told she can call a lawyer; however, not her family.

Meng was searched and questioned for hours in breach of her legal rights, her lawyers say.

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