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UK News Tagged Tech Princess's fraud case worsens China woes for Boris as PM comes under pressure over Huawei's role in Britain

00:45  19 january  2020
00:45  19 january  2020 Source:   thisismoney.co.uk

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Boris Johnson faces mounting pressure to distance the UK from Chinese telecoms giant Huawei as an alleged fraud by a top executive – China's 'Tech Princess' – is laid bare in court tomorrow.

Meng Wanzhou, 47, is the daughter of the billionaire founder of Huawei, Ren Zhengfei, 75, and is also its chief financial officer. That makes her one of China's most powerful female bosses and heiress to Huawei's billions.

But she has been humbled by allegations against her and has been under house arrest in Canada for more than a year. She has been forced to wear an electronic tag on her ankle and her passport has been seized to ensure she does not attempt to flee the country.

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Huawei role in UK 'an unnecessary risk'. The confrontation over Huawei comes amid a broader trade war between the US and China , with both sides imposing aggressive tariffs on imports. France, Germany and Belgium have not banned Huawei technology , but Japan has from public contracts.

Huawei currently sources some of its chips from HiSilicon, which it owns. However, while produced in China , HiSilicon’ s chips are built using underlying technology created by ARM. While HiSilicon and Huawei are free to carry on using and manufacturing existing chips, the ban would mean the

a man and a woman walking down a sidewalk: Extradition battle: Meng Wanzhou leaving her home in Vancouver with her every step monitored © Provided by This Is Money Extradition battle: Meng Wanzhou leaving her home in Vancouver with her every step monitored

Tomorrow, after months of legal battles, Meng is finally set to attend an extradition hearing in a Vancouver court.

Matthew Henderson of the Asia Study Centre at the Henry Jackson Society, which is opposed to Huawei being allowed into the UK's 5G infrastructure, told the Mail on Sunday last night: 'There are many reasons why it would be a very grave mistake for the British Government to encourage further Huawei engagement with Britain's digital infrastructure. But in any case it would be extraordinary for the British Government to do so when one of the company's most senior, best-connected and influential officials is about to face criminal charges related to fraud.'

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Huawei is the biggest global supplier of network equipment for phone and internet companies and has been the target of deepening US security concerns over Her case threatens to derail a fragile truce in a trade war between the US and China . The US president, Donald Trump, and Chinese president

Meng, a mother-of-four, has regularly been seen in public dressed immaculately and with her tracking device on full display. She has set up residence in the larger of her two homes in Canada, which she acquired when she previously lived in the country and which are worth a total of around £13million.

If her crack team of lawyers succeed she will be free to return to her home in Shenzhen, southern China. If she loses her case, which is complex and likely to stretch out over many months, Meng will be sent to the United States to go on trial.

The extradition hearing will not seek to determine whether or not Meng is guilty of fraud.

But its timing, and the fact that it will give an airing to the allegations, is awkward for Prime Minister Johnson, who is preparing to allow Huawei to play a part in building Britain's new high-speed internet structure, 5G.

Boris Johnson wearing a suit and tie: Boris Johnson is preparing to allow Huawei to play a part in building Britain's new high-speed internet structure, 5G © Provided by This Is Money Boris Johnson is preparing to allow Huawei to play a part in building Britain's new high-speed internet structure, 5G

The US has warned the British government it 'would be madness' to use Huawei technology and is understood to have handed over a dossier outlining why the firm poses a national security risk.

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The chief financial officer of China ' s tech giant Huawei is suing Canada over her arrest at the request of the US. Meng Wanzhou was held in December at Vancouver airport What does Ms Meng' s lawsuit say? Ms Meng' s claim - filed in British Columbia' s Supreme Court on Friday - seeks damages against

Pressure (symbol: p or P) is the force applied perpendicular to the surface of an object per unit area over which that force is distributed.

Tory MP Bob Seely has said Huawei 'to all intents and purposes is part of the Chinese state' and would potentially give its government access to UK networks. Huawei denies this and any links to the state.

The renewed focus on Huawei's business practices will increase pressure on Johnson to fall in line with President Donald Trump's blanket ban on Huawei, the world's largest telecoms organisation.

It is understood the British Government is preparing to hand Huawei, which has already helped build UK broadband infrastructure, a 'limited' role in developing 5G networks. Johnson said last week: 'If people oppose one brand or another then they have to tell us what's the alternative.'

Meng, who also goes by the names Sabrina Meng and Cathy Meng, was shocked when Royal Canadian Mounted Police dramatically arrested her in December 2018.

Despite being a former resident of Vancouver – a picturesque city in the western Canadian province of British Columbia that is now best known as the holiday destination of choice for the Duke and Duchess of Sussex – she was only changing flights at the city's airport on a trip from Hong Kong to Mexico City.

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Malaysian PM Najib Razak is facing pressure internationally and at home amid US allegations of massive fraud at state investment fund 1MDB. Speaking on Thursday, Mr Najib stressed the US case was a "civil, not a criminal, procedure" and that "we don't want to come to any conclusions until

of tech ' princess ' prove that smartphone maker is part of China ' s plan to dominate the 21st Century Argues that Chinese tech firm Huawei is part of Communist spy apparatus She faces extradition the the US on charges of bank fraud and sanction violaton

The renewed focus on Huawei's business practices will increase pressure on Johnson to fall in line with President Donald Trump's blanket ban on Huawei © Provided by This Is Money The renewed focus on Huawei's business practices will increase pressure on Johnson to fall in line with President Donald Trump's blanket ban on Huawei

Last month, Meng wrote a blog on Huawei's website in which she spoke of her 'fear, pain, disappointment, helplessness, torment and struggle' since being detained.

The US initially issued a warrant for Meng's arrest in August 2018. On November 30 that year, one day before Meng was due to change flights in Vancouver, the US issued Canada with a Provisional Arrest Warrant, obliging its neighbour to detain Meng on its behalf.

In the US, Meng is accused of fraud by misleading Washington and Huawei's banks, including HSBC, about the firm's business connections with Iran, in violation of US trade sanctions.

It is alleged that the Chinese giant effectively operated an Iranian telecoms company called Skycom but that Meng, and others, misled lenders about the nature of the relationship so that they would continue to offer financial support.

Ahead of tomorrow's hearing at British Columbia's Supreme Court, the Attorney General of Canada filed a written statement saying Meng's alleged conduct would amount to fraud against HSBC.

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In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (i.e., a fraud victim may sue the fraud perpetrator to avoid the fraud

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What is 5G? Third generation – or 3G – mobile phone standards ushered in the era of mobile internet for consumers, while 4G allowed users to watch videos on the move. 5G is the next generation, with huge implications for the amount of data that can be transferred. The major advantage of 5G is likely to be for industry, where the real-time transfer of data is critical for automation in factories and supply chains.

How does it work? 5G needs cables in the ground, just like broadband, but also antennae called 'cells', which transmit the signals over the airwaves.

What is Huawei's role in this? The Chinese giant has become the world's key manufacturer of internet equipment used by major telecoms players such as BT and Vodafone – making both the cable and cells. It is among several companies that specialise in this technology, along with Ericsson and Nokia.

Why is Huawei controversial? Critics argue that the Chinese state could gain access to Huawei's network if it wanted to because of the way business works in China. Huawei denies this and insists it is independent from the state.

Why don't we just use other firms? We already do. The 5G infrastructure is a complex network that requires several firms' cables and equipment to be layered on top of the other. Huawei's kit is said to be cheaper but also better, according to some experts. But BT and Vodafone have already stopped fitting Huawei's technology in the most sensitive part of the network, known as the 'core'.

Why are Huawei's critics worried about 5G but not broadband? Increasing amounts of sensitive data will be transmitted via 5G because it can transfer data in real time. That means more is at stake if the network is hacked.

Britain seeks Huawei 'solution' as U.S. pressure mounts

  Britain seeks Huawei 'solution' as U.S. pressure mounts Britain seeks Huawei 'solution' as U.S. pressure mountsJohnson is under pressure from the United States to block Huawei because of concerns that access to the 5G network could be used by Beijing for espionage and would jeopardise intelligence sharing between Washington and London.

The majority of fraud is motivated by financial or vice pressures . However, in some cases some people will commit fraud to get even with their employer or other people. From our example, we see that Mr. Y decided to continue his fraudulent billing scheme due to being passed over for the Vice

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It is claimed Meng misled an HSBC executive by giving a PowerPoint presentation saying Huawei no longer had a controlling interest in Skycom. Meng denies wrongdoing. Her lawyers allege the US action is politically motivated and claim Canadian authorities mishandled her arrest and tried to unlawfully gather information against her.

The court hearing could be the first of several stretching into 2020. British Columbia's Supreme Court will consider 'double criminality' this week, focusing on whether allegations made against Meng in the US would also be crimes in Canada.

Under extradition laws, this is the first hurdle that lawyers for Canada's Attorney General will have to overcome. Meng's lawyers say that because the case relates to US sanctions her alleged actions should not be considered criminal in Canada.

The length of the extradition battle will likely confine Meng to British Columbia for an extended time.

After a 10-day stint in a women's correctional centre following her arrest in December 2018, Meng was permitted to relocate to one of her Vancouver homes, a six-bedroom house, in exchange for Can$ 10million (£6million) bail money.

Later, her lawyers persuaded the court to allow her to move into her larger abode – a seven-bedroom mansion, currently valued at around Can$ 19million (£11million) – which had previously been undergoing renovation work.

Meng cannot leave her home between 11pm and 6am without permission. She is also restricted from leaving the area and is under 24-7 surveillance.

Huawei declined to comment.

Britain seeks Huawei 'solution' as U.S. pressure mounts .
Britain seeks Huawei 'solution' as U.S. pressure mountsJohnson is under pressure from the United States to block Huawei because of concerns that access to the 5G network could be used by Beijing for espionage and would jeopardize intelligence sharing between Washington and London.

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