Reason behind Huawei CFO Wanzhou Meng's arrest in Vancouver revealed

08 December, 2018, 01:51 | Author: Myra Gill
  • Former CIA Chief Sheds Light on Huawai Arrest

According to AP, the prosecutor said she portrayed the two companies as separate, while the US claims Huawei and SkyCom are connected, and thus Huawei violated USA sanctions against Iran.

The Crown says Meng is alleged to have said Huawei and Skycom were separate and she allegedly lied to an executive of an unnamed financial institution, which it asserts put the institution at risk.

The prosecutor says she assured banks that Huawei and Skycom were separate companies but he says the USA contends that Skycom is Huawei.

She is specifically accused of lying to U.S. banks about the use of a covert subsidiary to sell to Iran in breach of sanctions.

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

A lawyer for Meng denied the allegations, called the charges against her "preposterous", and urged the court to release her on bail.

On Thursday, former prime minister Stephen Harper told Fox Business News that while he was in power he became increasingly concerned about allowing the use of equipment from Huawei and ZTE, another Chinese telecom-equipment manufacturer.

A Canadian government lawyer asked the court to deny her bail, saying she has been accused of "conspiracy to defraud multiple financial institutions" and if convicted faces more than 30 years in prison. Huawei has denied violating sanctions.


Canadian Prime Minister Trudeau told reporters on December 6 that he had been informed of the arrest a few days ahead of it taking place. She appeared in a Vancouver court Friday to seek bail.

This is also believed to have helped Huawei "circumvent U.S. sanctions by telling financial institutions that a Huawei subsidiary was a separate company".

Meng is the daughter of Huawei's founder, Ren Zhengfei.

Meng's surprise arrest on Saturday is the latest salvo in a feud over trade and technology that has pitted the U.S. against China, with Canada caught in the middle.

"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". "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". 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.

US and Asian stock markets tumbled after news of Meng's arrest as it was seen to cause another flare-up in tensions between Washington and Beijing.

Huawei's affordable smartphones have made strong inroads in the developing world, but the company has faced repeated setbacks in major Western economies over security concerns.

For a period of time she was in charge of Huawei's successful internationalization efforts.

Recommended:



Popular

Alabama's Tua Tagovailoa wins Walter Camp, Maxwell awards
Tagovailoa has thrown for 3,353 yards, 37 touchdowns to four interceptions and has completed almost 68 percent of his passes. Had a string of 194 passes without an interception starting in the third quarter of January's title game with Georgia.

Karnataka: Lake drained in Morab village after discovery of HIV-infected body
Residents of a village in India are draining their only source of water after an woman living with HIV drowned herself in it . Following the incident, the villagers pressed the district administration to drain the 36-acre lake.

Deontay Wilder broke arm before Tyson Fury boxing bout
Showtime Sports President Stephen Espinoza said May or June might be more likely, giving the fighters more time to recover. Fury wasn't asked about the pledge following his controversial draw with Wilder.

Stocks battered by Wall Street, fears of U.S. slowdown
Regardless of other possible reasons, "it is mainly indicative of worries about how long growth in the US can remain so strong". Rather, I suggest there should not be a Fed at all and interest rates should be left to the free market.

Jennifer Aniston flaunts her pins in sparkly number at the premiere Dumplin
Aniston was shocked when USA Today reached out for a reply. "It was hilarious, I think it's flattering". Well, Jennifer Aniston did not seem too keen for that. "That was just talk-show fodder", she concluded.

Trump Mulling Former US Attorney General Barr to Replace Jeff Sessions
At least one other contender who has received serious consideration from the White House, according to the person, is Rep. Barr shares at least one of the president's views on the probe being conducted by special counsel Robert S.

He was United States attorney general 25 years ago. Trump wants him back
Barr later worked as a corporate general counsel and is now of counsel at a prominent worldwide law firm, Kirkland & Ellis LLP. Trump heavily derided Mueller's team earlier this year for being comprised of many registered Democrats and Democratic donors.

Republicans rush to limit power of incoming Democratic governors
The bill would also give lawmakers, rather than the attorney general, the power to decide how to spend settlement money. Republicans who control the Wisconsin Assembly have passed a lame-duck bill enacting a Medicaid work requirement.

North Carolina Republicans call for bipartisan probe of fraud in House race
There is no evidence that the irregularities in absentee ballot returns changed the outcome of the race. Harris knew", said Woodhouse. "Which is an extreme burden on the county's residents", Stone said.

Satellite images show expansion, activity at two North Korean missile bases
National Security Advisor John Bolton said Tuesday that Trump thinks the North Korean strongman hasn´t met the commitments he made at the Singapore summit.