New York (CNN Business) Extradition hearings for Huawei CFO Meng Wanzhou have concluded more than two years after she was arrested in Vancouver, Canada. But the case isn't over yet. The United States wants Meng, who is also the daughter of the Chinese telecom giant's founder and CEO Ren Zhengfe i , to be extradited to New York and tried along with Huawei. HSBC HBCYF The US case centers on whether Meng misledabout Huawei's relationship with an Iranian subsidiary, Skycom, which the US alleges could have put the bank at risk of sanctions violations. Huawei and Meng's team have denied these allegations, saying that HSBC executives knew of Huawei's relationships with Skycom.

Source: CNN August 19, 2021 05:03 UTC