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OffbeatHuawei CFO to appear in Canada court in U.S. extradition case

08:20  07 december  2018
08:20  07 december  2018 Source:   reuters.com

Huawei CFO arrested in Canada for violating U.S. sanctions on Iran: report

Huawei CFO arrested in Canada for violating U.S. sanctions on Iran: report Huawei CFO arrested in Canada for violating U.S. sanctions on Iran: report

Also on rt.com Huawei finance chief arrested in Canada , faces extradition to US over Iran sanctions – report. The US reportedly wants her on charges of dealing with Iran in violation of US sanctions. Huawei separately faces opposition from the US intelligence community, where some officials see it

SAN FRANCISCO — The chief financial officer of the Chinese technology company Huawei Technologies, Meng Wanzhou, was arrested on Saturday in Canada at the request of the United States, according to Canadian authorities.

Huawei CFO to appear in Canada court in U.S. extradition case© Maxim Shipenkov/EPA/REX/Shutterstock VANCOUVER/TORONTO, Dec 7 (Reuters) - A top executive of China's Huawei Technologies Co Ltd who is under arrest in Canada is set to appear in a Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States.

Huawei CFO Meng Wanzhou, 46, who is also the daughter of the company founder, was arrested on Dec. 1 at the request of the United States. The arrest, revealed by Canadian authorities late on Wednesday, was part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, people familiar with the probe told Reuters.

Canada to Trump administration: Don’t play politics with Huawei executive Meng Wanzhou extradition case

Canada to Trump administration: Don’t play politics with Huawei executive Meng Wanzhou extradition case Canada’s foreign minister warned the Trump administration not to politicize the pending extradition of Chinese technology executive Meng Wanzhou.

Huawei Technologies Chief Financial Officer Meng Wanzhou is facing extradition to the U . S . after she was arrested in Vancouver, Canada , on Saturday. Meng, who is the daughter of Huawei ’ s founder Ren Zhengfei, holds the positions of CFO and deputy chairman at the company. Her bail hearing has

WASHINGTON (Reuters) - Canada has arrested Huawei ' s global chief financial officer in Vancouver, where she is facing extradition to the United States on suspicion she violated U . S . sanctions against Iran, the Globe and Mail newspaper reported on Wednesday.

The news roiled global stock markets on fears the move could escalate a trade war between the United States and China after a truce was agreed on Saturday between President Donald Trump and Xi Jinping in Argentina.

Trump did not know about the arrest in advance, two U.S. officials said on Thursday, in an apparent attempt to stop the incident from impeding talks to resolve the trade dispute.

Details of the case against Meng, to be heard in the Supreme Court of British Columbia, remain sparse.

Canada's Justice Department has declined to provide details of the case and Meng has secured a publication ban, which curbs the media's ability to report on the evidence or documents presented in court.

Canadian prosecutor: Meng Wanzhou a flight risk

Canadian prosecutor: Meng Wanzhou a flight risk A prosecutor for the Canadian government says the chief financial officer of Chinese telecom giant Huawei has incentive to flee Canada because she faces charges in the U.S. of up to 30 years in prison. The prosecutor said at the bail hearing for Meng Wanzhou that she has vast resources and would be motivated to flee Canada and return home to China. He says the charges Meng is facing in the U.S. have to do with Huawei using an unofficial subsidiary to access the Iran market in dealings that would contravene U.S. sanctions. Meng is accused of fraud.

Canadian authorities have arrested the chief financial officer of Huawei , the Chinese smartphone manufacturer. Mr McLeod said a publication ban had been imposed in the case and he could not provide any further details. The ban was sought by Ms Meng, who is due to appear in court for a bail

Canadian authorities have arrested the chief financial officer of Chinese tech giant Huawei Technologies in He said Meng faces extradition to the U . S ., and that a bail hearing has been set for Friday. Politics. Canada was courting Saudi Arabia for billions in new business before ill-fated tweet.

The bail hearing could be just a preliminary session to set out a schedule, lawyers said.

The Crown counsel is expected to argue that Meng poses a flight risk and should be kept in a detention facility, legal experts said. The onus will be on Meng's lawyer to provide evidence that she will not flee, they added.

Huawei, which has confirmed Meng was arrested, said on Wednesday that "the company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng."

A Huawei spokesman declined to comment on Thursday and said that Wednesday’s statement still stands.

LONG FIGHT

If granted bail, Meng will likely have to post bail with "a surety of several million dollars", Vancouver lawyer Gary Botting, who has experience with extradition cases, said. She would also have to give up her passport, he said.

Meng could also be fitted with electronic monitoring equipment, and the court could go so far as to order security to monitor her while she awaits a decision on extradition, lawyers said.

Dow, S&P 500 futures tumble after arrest of Huawei CFO

Dow, S&P 500 futures tumble after arrest of Huawei CFO U.S. stock market futures tumbled in early trading Wednesday night , signalling potential Thursday losses on Wall Street, after Canada arrested a top executive of Chinese telecom giant Huawei Technologies at the request of the U.S., a move that is seen as exacerbating tensions between the U.S. and China. Dow Jones Industrial Average futures (ymz8) were down more than 300 points Wednesday night, off more than 1.4%. S&P 500 futures (esz8) and Nasdaq Composite futures (nqz8) were also down more than 1%. Asian stock markets fell as well, with Hong Kong's Hang Seng Index (hk:hsi) down more than 2%.

Huawei released a statement saying its CFO was arrested while changing planes in Vancouver and is facing charges in "the Eastern District of New York." Marco Rubio and Democratic Sen. Mark Warner want Canada to follow the U . S . and Australia and block Huawei from supplying equipment that would

Canadian law enforcers have arrested a top executive at Chinese telecommunications equipment maker Huawei , heeding a request from the US . He refused to provide any details on the circumstances of the Chinese executive’ s arrest, saying that she was “sought for extradition by the

If Meng fights extradition, her case could go on for years, lawyers said, pointing to examples like Lai Changxing, a Chinese businessman who fled to Canada after he was implicated in a bribery case and fought extradition to China for 12 years. If she chooses not to fight, she could be in the United States within weeks, experts said.

"You need massive material and evidence to support detention release," said Richard Kurland, a Vancouver-based immigration lawyer. He said Meng would likely be returned to detention if there was no decision on bail.

It is unclear where Meng is being held in Vancouver. Several lawyers have noted that detention facilities in the region are spartan and she would likely be sharing her quarters with other inmates.

Huawei, which employs about 1,000 people in Canada, faces intense scrutiny from many Western nations over its ties to the Chinese government, driven by concerns it could be used by Beijing for spying.

The United States has also been looking since at least 2016 into whether Huawei violated U.S. sanctions against Iran, Reuters reported in April.

More recently, the probe has included the company's use of HSBC Holdings Plc to make illegal transactions involving Iran, people familiar with the investigation said. HSBC is not under investigation, according to a person familiar with the matter.

Huawei has said it complies with all applicable export control and sanctions laws and other regulations. (Reporting by Julie Gordon in Vancouver and Anna Mehler Paperny in Toronto; Additional reporting by David Ljunggren in Ottawa; Editing by Denny Thomas and Sonya Hepinstall)

Huawei arrest: China takes tough stance ahead of exec's bail decision.
China's anger is growing over the arrest of a top Chinese tech executive wanted by the United States. What happens next will be decided Monday by a Canadian court. Huawei CFO Meng Wanzhou has been detained in Vancouver since December 1 and faces extradition to the United States. She's accused of helping Huawei, one of the world's biggest makers of smartphones and networking equipment, dodge US sanctions on Iran, according to Canadian prosecutors.

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