Menu

Topics

Connect

Comments

Want to discuss? Please read our Commenting Policy first.

Huawei CFO Meng Wanzhou wanted for fraud in U.S., court hears

WATCH: U.S. wants Huawei CFO Meng Wanzhou to face fraud charges – Dec 7, 2018

VANCOUVER – A bail hearing Friday for Huawei chief financial officer Meng Wanzhou heard that the Chinese telecom exec is wanted in the U.S. on charges of fraud related to the violation of trade sanctions connected to Iran.

Story continues below advertisement

Meng faces the possibility of extradition to the U.S. after she was arrested at the Vancouver International Airport on Saturday while transferring flights.

Dressed in a dark green sweatsuit, Meng entered the courtroom and greeted one of her lawyers, David Martin. She then sat in the defendant’s box alongside a translator.

A judge heard that Meng posed a flight risk, as she had no meaningful connection to the jurisdiction and access to vast resources.

The judge also heard that Meng lives in China, a country that does not have an extradition treaty with the U.S. and Canada.

WATCH: More details released in Meng Wanzhou case after publication ban lifts

Meng is charged with conspiracy to defraud multiple financial institutions, the court heard.

Story continues below advertisement

Allegations outlined during the hearing said the Chinese telecommunication giant used an unofficial subsidiary, Skycom, to conduct business in Iran in contravention of U.S. sanctions.

Crown lawyer John Gibb-Carsley said Meng deceived financial institutions by saying Skycom and Huawei were separate when they were not.

WATCH: Who is Meng Wanzhou, Huawei’s CFO?

Crown also said Meng appeared to have avoided travel to the U.S. after learning of a criminal investigation.

Story continues below advertisement

None of the allegations have been proven in court.

The daily email you need for 's top news stories.

U.S. Department of Justice letter regarding Meng Wanzhou by amyjudd on Scribd

Click here to view

Meng’s lawyer David Martin argued that a person’s extraordinary resources cannot be a fact that precludes him or her from bail.

Story continues below advertisement

He went on to say Meng would never breach a court order as it would embarrass and humiliate her father, Huawei, and China itself.

“You can trust her,” he said.

WATCH: Questions surround Huawei CFO’s arrest in Vancouver

Martin told the court the allegations were “preposterous” and do not substantiate a case of fraud.

Story continues below advertisement

He also noted that Meng has ties to Canada, saying she owns property in Vancouver and was once a Canadian permanent resident.

Martin said Meng has medical issues — including high blood pressure, carcinoma, and sleep apnea — that would make it difficult for her to remain in custody.

He said she is a mother of four with “a completely clean record” and is willing to surrender both of her passports.

Defence suggested 12 conditions for Meng’s release, including electronic monitoring and surrendering of passports. Martin said she would reside, under curfew, at one of her two Vancouver homes.

A publication ban on the case was lifted in B.C Supreme Court on Friday morning.

Documents released during bail hearing of Meng Wanzhou in Vancouver by amyjudd on Scribd

Story continues below advertisement
Click here to view

Canadian Prime Minister Justin Trudeau has said his government had no involvement in the arrest, but had been given a few days’ advance notice.

WATCH: Justin Trudeau says arrest of Huawei CFO was only made on judicial basis

China’s embassy said on Wednesday that it firmly opposed what it called an unjustified arrest.

Story continues below advertisement

One legal expert told Global News that if Meng is granted bail, she will likely have to post bail with “a surety of several million dollars,” and would also have to give up her passport.

WATCH: Could Huawei be compelled to spy for the Chinese government?

Meng was detained the same day U.S. President Donald Trump and Chinese President Xi Jinping met at the Group of 20 summit in Argentina and produced a cease-fire in their trade war.

Story continues below advertisement

Stock markets across the globe tumbled on Thursday amid fears Meng’s arrest could imperil the trade truce.

The hearing was adjourned until Monday at 10 a.m.

WATCH: Trudeau will not comment on Huawei CFO Meng Wanzhou’s arrest

— With files from Neetu Garcha, The Canadian Press, Associated Press and Reuters

Advertisement

You are viewing an Accelerated Mobile Webpage.

View Original Article