The Limited Times

Now you can see non-English news...

The case of Meng Wanzhou│reported that HSBC reported to the US that Huawei Meng’s remote re-lending and HSBC “cut off seats”

2020-08-10T08:07:33.789Z


Meng Wanzhou, vice chairman of Huawei, a Chinese telecommunications equipment manufacturer, was arrested in Canada in December 2018. The incident affected the world. Foreign media reported that HSBC had investigated Huawei internally and communicated its Iran business to the US Department of Justice.


01 Investigation

Author: Du Lixiang

2020-08-10 15:52

Last update date: 2020-08-10 15:52

Meng Wanzhou, vice chairman of Huawei, a Chinese telecommunications equipment manufacturer, was arrested in Canada in December 2018. The incident affected the world. Foreign media reported that HSBC had internally investigated Huawei and reported its Iranian business to the US Department of Justice, while the US used relevant information to prosecute Mengti.

After being arrested in Canada, Meng Wanzhou spent tens of millions of Hong Kong dollars in repayment of mortgage loans lent by HSBC within a few months, redeeming two properties in Canada, and through her husband Liu Xiaozong, he took the name of Hong Kong Victoria Harbor and The property at the time of Sorrento’s market value of 85 million yuan was remortgaged to Bank of China (Hong Kong), and various actions were suspected to be formally cut off from HSBC.

For the extradition case of Meng Wanzhou, vice chairman of Chinese telecommunications equipment manufacturer Huawei, the Supreme Court of British Columbia will hold a formal hearing in April 2021 to determine whether the US accusations against Meng are likely to be established. (Data Picture/Reuters)

For the extradition case of Meng Wanzhou, vice chairman of Chinese telecommunications equipment manufacturer Huawei, the Supreme Court of British Columbia will hold a formal hearing in April 2021 to determine whether the US accusations against Meng are likely to be established. "Hong Kong 01" reported last year that a few months after his arrest, Meng Wanzhou suddenly paid off the HSBC loan of the Canadian property and remortgage the Hong Kong property.

Two months after his arrest, Meng Wanzhou paid off over 40 million Hong Kong dollars in HSBC Canada housing loan

In early February 2019, Meng repaid the two mortgage loans he borrowed from HSBC Bank of Canada in one lump sum. According to court documents at the end of 2018, Meng Wanzhou and her husband’s two properties in Vancouver, Canada had 2.5 million Canadian dollars (approximately HK$14.54 million) and 5 million Canadian dollars (approximately HK$29.08 million) in loan amounts, totaling 4,362. Ten thousand Hong Kong dollars.

According to documents from the Canadian Land Registry, Meng had two properties in Canada in 2016 and 2018, and borrowed 15 million Canadian dollars (approximately HK$87.26 million) and 5 million Canadian dollars (approximately HK$29.08 million) from HSBC, a total of 1.16 Billion Hong Kong dollars.

According to court documents, Meng Wanzhou and her husband bought the mansion on 28th Avenue in Dunbar, Vancouver where they are currently living, for 2.7 million Canadian dollars (about 15.7 million Hong Kong dollars) in 2009. The market value of the luxury house rose to approximately 5.6 million Canadian dollars (about 32.57 million Hong Kong dollars) in 2017. Meng and her husband subsequently purchased an 8,170-square-foot mansion on Matthews Avenue at 1603 Saunas District in 2016. The market value of the mansion was 16.3 million Canadian dollars (about 94.82 million Hong Kong dollars) in 2017.

+5

+4

+3

Authorize husband to remortgage Hong Kong's 85 million properties to Bank of China

In addition to paying off the mortgages of two properties in Canada, the Hong Kong Land Registry information shows that Meng Wanzhou, through her husband, went through the formalities at the end of March last year to obtain the mortgage loans for the two Hong Kong properties in Victoria Harbour and Sorrento, which was borrowed from HSBC in 2016. The repayment was made by her husband Liu Xiaozong to Bank of China (Hong Kong) on ​​the same day on March 27. Liu was the borrower and Meng was the mortgager. Both registration documents were signed by Liu Jun as Meng's legal authorized person.

According to the information of the Land Registry, Meng Wanzhou and her husband Liu Xiaozong purchased a high-rise unit on the Qingtian Peninsula, a luxury mansion above Kowloon Station, as early as 2012, for 33.5 million yuan. The market value of the unit in mid-2019 is about 52 million yuan; Meng Wanzhou did it in 2014 The top-level duplex unit in Victoria Harbour was purchased for 18.7 million yuan in the year. The current unit has appreciated to more than 33 million yuan in mid-2019.

Before the extradition hearing, Meng Wanzhou paid off the mortgages of two Canadian luxury homes, and remortgaged two properties in Hong Kong totaling more than 100 million yuan to Bank of China (Hong Kong). Many actions were related to the British-owned HSBC. HSBC is suspected to have provided evidence to the US Department of Justice regarding Huawei.

"Reuters" reported in 2019 that HSBC had internally investigated Huawei and reported to the U.S. Department of Justice in order to cause the U.S. Department of Justice to withdraw the criminal prosecution for violations of sanctions. The U.S. used relevant information to prosecute Meng Wanzhou. HSBC stated that it did not participate in the decision of the US Department of Justice to investigate Huawei, let alone the decision of the US Department of Justice to arrest Meng Wanzhou or prosecute Huawei. (Data Picture/Reuters)

HSBC: Providing materials at the request of the US Department of Justice will not harm customers for the benefit

"Reuters" reported in February 2019 that HSBC conducted an internal investigation against Huawei from 2016 to 2017 in order to cause the U.S. Department of Justice to withdraw the criminal prosecution for violations of sanctions on the line. It will report the findings to the U.S. Department of Justice, and the U.S. uses Relevant information raises control over Meng Wanzhou.

An HSBC spokesperson said that the bank did not participate in the US Department of Justice’s decision to investigate Huawei, nor did it interfere with the US Department of Justice’s decision to arrest Huawei’s chief financial officer or prosecute Huawei. Provide materials, and the bank only provides factual information, emphasizing that there is no "fabricated" evidence or "concealed" facts, and "will not distort facts or harm any customers for our own benefit."

[Extradition of Meng Wanzhou] China’s Ambassador to Canada criticizes Canada as an accomplice and praises Meng Wanzhou for his strong

Canada guides Meng Wanzhou to the United States and conditions have been met

Canada refuses to publish complete documents of Meng Wanzhou case, China raises serious representations

"Southern Morning": Huawei intends to sue HSBC to hire 5 law firms to assist Meng Wanzhou

Meng Wanzhou’s Extradition Case | Ministry of Foreign Affairs: U.S. concocts political incidents, Canada draws chestnuts from the fire

Huawei Meng Wanzhou arrested HSBCHuawei (Huawei)

Source: hk1

All news articles on 2020-08-10

You may like

Trends 24h

News/Politics 2024-03-27T16:45:54.081Z
News/Politics 2024-03-28T06:04:53.137Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.