U. S. prosecutors want a top executive of China’s Huawei Technologies, the world’s largest supplier of telecommunications network equipment, to face charges of fraud linked to the skirting of Iran sanctions.
U. S. prosecutors want a top executive of China’s Huawei Technologies, the world’s largest supplier of telecommunications network equipment, to face charges of fraud linked to the skirting of Iran sanctions, a Vancouver court heard on Friday.
Huawei Chief Financial Officer Meng Wanzhou, 46, daughter of the founder of the company, which U. S. intelligence agencies allege is linked to China’s government, was arrested in Canada on Dec. 1 at the request of the United States.
U. S. prosecutors want to extradite Meng to face accusations that she misrepresented Huawei’s relationship to a company they said had transacted business in Iran despite U. S. sanctions, according to evidence read in a bail hearing in court on Friday.
The news of Meng’s arrest has roiled global stock markets on fears it could escalate a trade war between the United States and China after a truce was agreed last week between President Donald Trump and China’s leader Xi Jinping.
The United States has 60 days to make a formal extradition request, which a Canadian judge will weigh to determine whether there is a strong case against Meng.
