Huawei executive faces fraud charges in US

Meng Wanzhou sat at a conference

Huawei's chief financial officer has been charged in Vancouver Credit Reuters

It's alleged Huawei used Skycom, an unofficial subsidiary, to transact business in Iran, violating USA sanctions in place at the time.

A Chinese telecommunications executive is being accused of fraud by the US government, which wants Meng Wanzhou extradited from Canada to face the charge.

He also responded to the idea that Meng could be found guilty in Canada for being in breach of sanctions the U.S. has imposed on Iran.

SkyCom employees used Huawei email addresses and its management were Huawei employees, according to the prosecutor.

Court papers from the bail hearing of the Huawei CFO in Canada show the charges against her go back at least five years.

"Dave Lee of the BBC reported "[gasps] in the court" when it was announced that Meng could be hit with "multiple charges each with maximum penalty of 30 years in prison".

He said one of the glaring deficiencies in the allegations is that the summary of the case doesn't differentiate between time periods. "The arrest of Meng Wanzhou, I believe, should be seen in the context of the Sino-U.S. trade war", Ming said.

There was no bail decision by the judge on Friday so Meng will spend the weekend in jail and the hearing will resume on Monday.

If she is released on bail, she would likely have to surrender her passport and submit to electronic monitoring until she is discharged or surrendered for trial to the United States.

As the daughter of Huawei's founder, Ren Zhengfei, she is seen as his heir apparent.

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Christopher Balding, a China scholar at Fulbright University Vietnam, said that from China's perspective, Meng's arrest was a political escalation and the Trump administration seemed to understand that.

Meng's arrest is deeply significant.

According to the Washington Post, Weng was arrested while in transit from Hong Kong to Mexico.

He argued the financial institutions that did business with Huawei were the "victims" of those misrepresentations.

"So, there was a choice that was made, obviously, and [they] know what the consequences are". Meng is accused to have previously insisted the two were separate companies. Huawei is the world's biggest producer of telecoms equipment, operating in more than 170 countries and regions. The United States has pressured European countries and other allies to limit the use of its technology.

Congress issued a report concluding that "Huawei did not fully cooperate with the investigation and was unwilling to explain its relationship with the Chinese government or Chinese Communist Party, while credible evidence exists that it fails to comply with USA laws".

In 2014, British Columbia resident Su Bin was arrested by Canadian officials, on accusations that he had stolen top-secret American fighter jet plans.

A White House official said Trump did not know about a U.S. request for her extradition from Canada before he met Xi and agreed to a 90-day truce in the brewing trade war. Meng also faces possible extradition from Canada. Meng's father is worth $3.2 billion. His parents were school teachers and he grew up in the remote mountainous town in Guizhou province.

"The Chinese are well aware of John's seniority", she said. In 2013, Reuters found Meng served on the board of Skycom.

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