Published: Sat, December 08, 2018
Worldwide | By Jermaine Blake

Huawei exec faces United States fraud charges linked to Iran, court hears

Huawei exec faces United States fraud charges linked to Iran, court hears

U.S. prosecutors want a top executive of China's Huawei Technologies to face charges of fraud linked to the skirting of Iran sanctions, a Vancouver court heard on Friday.

In making their case for denying her bail, crown lawyers said Meng has no meaningful connections to Vancouver, and that her massive resources make the amount of her bail pledge irrelevant.

While there is some fear that the arrest could hurt talks between the USA and China to end the current trade war between the two countries, Canadian prosecutors have called Ming a flight risk and have requested that the court place her in a detention center.

From 2009 to 2014, the court heard, Huawei used Skycom to transact business in Iran despite United States and European Union bans.

Meng, 46, is chief financial officer and deputy chairwoman of the board of Chinese telecom company Huawei.

A top Chinese telecommunications executive facing possible extradition to the United States appeared in court Friday as she sought bail in a case that has rattled markets and raised doubts about the U.S. being able to reach a truce in its trade war with China.

China has called for Meng to be released and world markets are watching closely due to fears that the case could escalate the trade war between the USA and China.

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In a statement earlier this week, Huawei said the company complies with all laws and regulations in the countries where it operates, including applicable export control, sanction laws and regulations of the United Nations, the United States and the European Union.

"You can rely on her personal dignity", he said, adding that to breach a court order "would be to humiliate and embarrass her father, who she loves".

In response to a specific question about Meng's arrest, Bolton opined about broader criticisms of Chinese technology firms, playing down the importance of Iran sanctions. Meng was arrested on December 1 while changing planes on a trip from Hong Kong to Mexico. He argued that her wealth should not disqualify her from getting bail, and suggested use of tools such as electronic monitoring to ensure she stays in the country.

Meng is the daughter of Huawei's founder, Ren Zhengfei. "John has been very clear with the Chinese authorities - as we are with Canadians - that this was a matter handled as a part of our rule-of-law process; it was done without any engagement on involvement in the political level because we respect the independence of our judiciary".

Gibb-Carsley told the hearing that Reuters reported in 2013 that Huawei was operating Skycom, triggering Huawei executives including Meng to allegedly make a series of misrepresentations.

The U.S. sees Huawei and smaller Chinese tech suppliers as possible fronts for Chinese spying and as commercial competitors.

For a period of time she was in charge of Huawei's successful internationalization efforts. That was about six years after the company was founded to sell phone switches.

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