Lying to Bank Is Fraud in Canada, Prosecutors Say of Huawei Exec Facing Extradition

Canadian prosecutors said Wednesday that fraud, not U.S. sanctions, is at the heart of the extradition case against Huawei CFO Meng Wanzhou, urging a judge to only consider the potential “Canadian criminality” of the offense when determining if she should be handed over to the United States.

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Facing Extradition, Huawei Exec Says US Charges Not Crimes in Canada

Huawei CFO Meng Wanzhou’s defense lawyers told a judge in British Columbia on Tuesday that the Canadian government is wrongfully relying on U.S. sanctions law and misapplying domestic fraud laws in its effort to extradite the Chinese telecom executive to the United States.

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Investors Slam Canadian Cannabis Company Over Use of Unlicensed Facility

A cross-border securities class action against Canadian cannabis company HEXO Corp. alleges the company inflated revenue figures, misstated inventory, and grew cannabis in an unlicensed facility leading to hundreds of millions of dollars in market capitalization loss.

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