Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  HSBC Holdings plc    HSBA   GB0005405286


Delayed Quote. Delayed London Stock Exchange - 01/22 11:35:08 am
407.35 GBX   -1.51%
01/22Energy, mining stocks weigh on British shares
01/22European ADRs Move Lower in Friday Trading
01/22CARETECH : HSBC Begins Coverage of Caretech with Buy Stance
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

HSBC : Canadian officer in Huawei CFO's arrest says he did not ask for phone passcodes

11/23/2020 | 10:43pm EST
Huawei Technologies Chief Financial Officer Meng leaves court in Vancouver

VANCOUVER (Reuters) - A Canadian police officer involved in the arrest of Huawei Chief Financial Officer Meng Wanzhou two years ago in a U.S. extradition case testified on Monday he did not plan to obtain her mobile phone passcodes or search her electronic devices.

Royal Canadian Mounted Police (RCMP) Constable Gurvinder Dhaliwal told a Canadian court that he and his partner were "discreet" about their contact with Canadian border officials on the eve of Meng's arrest on Dec. 1, 2018.

He said they discussed collecting Meng's phone and other electronic devices and putting them in protective bags, but that he did not ask the border agents to get passcodes.

Canadian Border Services Agency (CBSA) superintendent Sowmith Katragadda had previously testified that he requested Meng's phone and laptop passcodes and she provided them voluntarily.

Meng, 48, is accused of misleading the bank HSBC Holdings PLC on Huawei Technologies Co Ltd's business affairs in Iran, allegedly causing the bank to break U.S. sanctions. If extradited, Meng will face trial for fraud in the Eastern District of New York.

She denies the charges and is fighting them from under house arrest in Vancouver, arguing the arrest itself was the product of political interference.

Huawei lawyers are seeking evidence to support their case that Meng's rights were violated before her arrest. In a document submitted to the court last year, CBSA admitted making an "error" in sharing the passcodes with RCMP.

Dhaliwal said it was his job to secure the devices after the CBSA examination was complete and Meng was in custody. He said he retrieved the devices along with a piece of paper with passcodes on it.

A border agent handed him the paper, but they did not discuss how the device passcodes were collected.

Asked if he requested the passcodes, Dhaliwal replied, "Absolutely not," adding that he was not concerned about the presence of the piece of paper stating the passcodes. "I didn't even think about it. I just put it with the phones."

Dhaliwal told the court that days after the arrest he received an email from RCMP staff sergeant Ben Chang requesting the make, model, and serial numbers, as well as photos of the devices, which Dhaliwal retrieved. Chang has declined to appear for testimony. Court documents showed that the government initially declined to release notes relating to him to Huawei lawyers, citing witness safety.

Dhaliwal testified that he was never asked for passcodes, and did not look at the contents of the devices.

In the afternoon defense lawyer Scott Fenton pressed Dhaliwal about his travel to the airport on the eve of Meng's arrival at Vancouver International Airport.

Dhaliwal said the main purpose of his trip was to find out whether Meng was on the flight. Fenton countered by telling Dhaliwal he could have learned whether Meng's plane took off with a "simple Google search."

Dhaliwal also said he did not pay close attention during a briefing with the Department of Justice on the eve of Meng's arrest, nor did he spend much time reading the provisional warrant before the arrest.

Meng's lawyers are fighting to get her extradition dismissed on the basis of alleged abuses of process, arguing they constitute violations of her civil rights and that U.S. and Canadian officials coordinated before her arrest.

Officers with the CBSA testified last week that their questioning of Meng, daughter of Huawei founder Ren Zhengfei, followed standard procedures and was separate from any action by law enforcement.

This week's witness testimony is expected to last until Friday, when a series of police witnesses will speak of their role in Meng's arrest.

Diplomatic relations between Ottawa and Beijing have degraded in the wake of Meng's arrest. China arrested Canadian citizens Michael Spavor and Michael Kovrig on espionage charges days later.

Meng's extradition hearing is set to wrap up in April 2021.

(Reporting by Sarah Berman; Additional reporting by Moira Warburton in Toronto; Editing by Denny Thomas and Stephen Coates)

By Sarah Berman

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.45% 1892.56 Delayed Quote.7.98%
HSBC HOLDINGS PLC -1.51% 407.35 Delayed Quote.7.52%
All news about HSBC HOLDINGS PLC
01/22Energy, mining stocks weigh on British shares
01/22European ADRs Move Lower in Friday Trading
01/22CARETECH : HSBC Begins Coverage of Caretech with Buy Stance
01/22XP POWER : HSBC Initiates XP Power With Buy Rating, Sets PT
01/22PREMIER FOODS : HSBC Initiates Premier Foods with Reduce Rating, Sets PT
01/22Singapore Exchange, Temasek tie up for digital asset venture
01/21Sunac China to Issue $1.1 Billion Worth of Bonds in Two Tranches for Debt Pay..
01/21European ADRs Edge Lower in Thursday Trading
01/21Hong Kong Hang Seng Off 0.1% On Afternoon Profit-Taking; Tech Issues Weak
More news
Financials (USD)
Sales 2020 49 996 M - -
Net income 2020 3 533 M - -
Net Debt 2020 - - -
P/E ratio 2020 32,5x
Yield 2020 1,68%
Capitalization 113 B 113 B -
Capi. / Sales 2020 2,26x
Capi. / Sales 2021 2,30x
Nbr of Employees 230 317
Free-Float 98,2%
Duration : Period :
HSBC Holdings plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HSBC HOLDINGS PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 24
Average target price 5,32 $
Last Close Price 5,57 $
Spread / Highest target 32,9%
Spread / Average Target -4,50%
Spread / Lowest Target -25,3%
EPS Revisions
Managers and Directors
Noel Paul Quinn Group Chief Executive Officer & Executive Director
Mark Edward Tucker Non-Executive Group Chairman
John M. Hinshaw Group Chief Operating Officer
Ewen James Stevenson Chief Financial Officer & Executive Director
Steven C. van Wyk Chief Information Officer
Sector and Competitors