United States wants Huawei executives to be tried for fraud – 07/12/2018 – Market



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US prosecutors want one of the leaders of the Chinese company Huawei to face fraud charges related to sanctions violations against Iran, according to a hearing before a Canadian court on Friday.

Meng Wanzhou, 46, who is also the daughter of the company's founder, was arrested on December 1 at the request of the United States.

Meng faces charges of fraud in the United States for allegedly concealing the bill. Huawei and Skycom, based in Hong Kong, according to testimony heard Friday in court.

From 2009 to 2014, according to testimonials read, Huawei reportedly used Skycom to carry on business in Iran, despite the United States and the European Union.

If they are extradited, Meng could be charged with conspiracy to defraud multiple financial institutions, prosecutors said with a hefty penalty.

Meng was received in the BC Supreme Court overcrowded by dozens of photographers outside the building. The news of Meng's arrest has shaken the global stock markets, fearing that this decision would come to aggravate the US-led trade war against China as a result of an alleged truce announced earlier this year. week. between US President Donald Trump and Chinese leader Xi Jinping

On Thursday, US officials said that Mr. Trump had not heard of the arrest of the executive in the US. ;advanced.

Chinese Foreign Minister Geng Shuang said Friday that neither Canada nor the United States has provided any evidence of violation of the law in these two countries and reiterated the demand for Beijing for his release.

Huawei said Wednesday that "the company has received little information about the allegations and that she is not aware of any irregularities on the part of Ms. Meng."

A Huawei spokeswoman refused Canada's foreign affairs minister, Chrystia Freeland, told the press at a conference call that Canada had badured Canada that due process is absolutely respected. "

Huawei officials who received an internal statement told Reuters on Friday that the company had appointed the chairman of the board, Liang Hua, executive vice president of finance after the arrest. In January 2013, Reuters announced that Skycom Tech, which had attempted to sell equipment to China, had criticized Meng's arrest, accusing the United States of wanting to "quell" Huawei and to limit its global expansion under Hewlett-Packard's embargo with the largest mobile operator in Iran, had much closer ties to Huawei than those known to date.

Meng, who also used the English names Cathy and Sabrina sat on Skycom's board of directors from February 2008 to April 2009, according to Skycom's records, and several other current and former Skycom directors t have links with Huawei.

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