A top Chinese telecommunications executive facing possible extradition to the United States appeared in court Friday as she sought bail in a case that has rattled markets and raised doubts about the U.S. being able to reach a truce in its trade war with China. The arrest, revealed by Canadian authorities late on Wednesday, was part of a USA investigation into an alleged scheme to use the global banking system to evade US sanctions against Iran, people familiar with the probe told Reuters.
A 2013 Reuters investigation claimed that Huawei was using Skycom to do business in Iran. A judge on Friday lifted a publication ban Meng had secured that curbed the media's ability to report on the evidence or documents presented in court.
China has been angry about the incident and has demanded Meng's release.
Meng Wanzhou, Huawei's chief financial officer, appeared in court on Friday as she sought bail in a case which has sparked a major global dispute between China and the US. "Let's see who doesn't get a permit or which USA executive gets arrested", she said. When financial institutions asked Huawei about the article, Meng allegedly denied Huawei controlled SkyCom. The United States issued her arrest warrant on August 22, and BC issued a provincial arrest warrant for her on November 30.
Martin said at the meeting Meng had with a bank that was referred to in a story by Reuters, she explained Huawei owned Skycom for a period of time but it sold the company in 2009.
White House economic adviser Larry Kudlow said Friday on Fox Business Network's "Varney & Co" that Huawei had violated U.S sanctions on Iran.
Meng is the daughter of Huawei's founder, Ren Zhengfei.
Gibb-Carsley said the warrant for Meng's arrest was issued in NY on August 22.
In 2014, British Columbia resident Su Bin was arrested by Canadian officials, on accusations that he had stolen top-secret American fighter jet plans. Meng was arrested on December 1 while changing planes on a trip from Hong Kong to Mexico.
"If you have infinite resources, the value of pledges diminishes", the lawyer representing Canada's attorney general said.
For a period of time she was in charge of Huawei's successful internationalization efforts. Meng's father is worth $3.2 billion.
The crown compared Meng's case to that of Su Bin, a Chinese businessman accused of stealing US military secrets who was denied bail in a BC court in 2014, presenting the case as a precedent to also deny bail to Meng. The prosecutor said she is accused of fraud.
The U.S. has led a charge to ban the use of Huawei products among its allies, particularly the Five Eyes intelligence-sharing network that also includes Canada, Australia, Britain and New Zealand.