Huawei’s chief financial officer faces fraud charges in U.S., says Canadian prosecutor

Huawei’s chief financial officer faces fraud charges in U.S., says Canadian prosecutor

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

US President Donald Trump did not know about the arrest in advance, two US officials said.

Vancouver: Chinese telecom giant Huawei´s chief financial officer faces United States fraud charges related to sanctions-breaking business dealings with Iran, a Canadian court heard Friday, a week after she was detained on an American extradition request.

The discussions at the meeting underscore concerns rippling through USA businesses in the world's second largest economy, already facing a delicate balancing act amid a tense trade standoff between Washington and Beijing.

Lui believed the United States wanted to start a tech war with China. Meng, who owns two homes in Vancouver, was willing to wear an ankle bracelet and put the houses up as collateral, he said.

Ms Meng's arrest could potentially affect Canada's ambitions to deepen ties with China - a push to diversify trading links that comes as the USA continues to champion protectionist policies.

Meng is the daughter of Huawei's founder and chief executive Ren Zhengfei.

The arrest has roiled global markets amid fears that it could further inflame the Sino-US trade row.

Huawei has reassured its suppliers that their partnerships remain intact and has condemned "unreasonable" acts by the USA government, in response to the arrest of one the Chinese telecoms group's top executives.

Microsoft's Chromium-based Edge is real, and it's coming to the Mac
The rationale here being making developmental work easy across all platforms but it won't hurt to increase the user base as well. Edge currently suffers from compatibility issues with some websites, many of which are now optimized to run properly on Chrome.

Huawei is the world's biggest supplier of network gear used by phone and internet companies and long has been seen as a front for spying by the Chinese military or security services. The Crown lawyer told the hearing that the USA alleges Huawei Technologies used subsidiary Skycom to do business with Iran, violating sanctions against that country.

Ms Meng was arrested on December 1 as she transited through Vancouver on her way to Mexico, coinciding with USA president Donald Trump's meeting his Chinese counterpart Xi Jinping at the G20 summit in Argentina that culminated in a temporary detente to the trade war between the world's two largest economies. Ian McLeod, a spokesman for Canada's Justice Department, specified that Meng was taken into custody in Vancouver on 1 December and sought for extradition to the US. Crown prosecutors argue Meng violated section 380 of Canada's criminal code, which pertains to fraud.

The U.S. charges that China is using predatory tactics in its drive to overtake America's dominance in technology and global economic leadership.

Washington and Beijing have exchanged steep tariffs on more than $300 billion in total two-way trade, locking them in a conflict that has begun to eat into profits.

The US-Chinese truce was "amazing" and is "the best deal possible", considering the circumstances, says a Beijing-based political analyst and senior editor for China's national TV broadcaster CCTV.

Freeland said that Ambassador John McCallum has assured the Chinese foreign ministry that due process is being followed in Canada and consular access will be provided to Meng Wanzhou, the chief financial officer of Huawei Technologies.

United States intelligence agencies have also alleged that Huawei is linked to China's government and its equipment could contain "backdoors" for use by government spies.

People in China are aware that Washington considers Huawei to be an arm of Chinese intelligence and has cited security risks in urging allies around the world to avoid its equipment.

The Trump administration has tightened regulations on high-tech exports to China and made it harder for Chinese firms to invest in USA companies or to buy American technology in cutting-edge areas like robotics, artificial intelligence and virtual reality.

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