China's Huawei executive seeks bail in U.S. extradition case

[steven36]

VANCOUVER (Reuters) - A Canadian provincial court on Monday weighed whether to grant bail to a top executive of one of the world’s biggest telecommunications companies, Huawei Technologies [HWT.UL], while she awaits a ruling on extradition to the United States.

 

 

U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she misled multinational banks about Huawei’s control of a company operating in Iran, putting the banks at risk of violating U.S. sanctions which would incur severe penalties, court documents said.

 

Meng’s lawyers told the court high-tech surveillance devices would ensure their client does not flee and proposed a C$15 million ($11.3 million) bail guarantee for her release.

 

Meng’s arrest has roiled markets over fears it would exacerbate tensions between the United States and China, already at a high over tariffs. The two sides have agreed to trade negotiations that must be concluded by March 1.

 

Beijing has demanded Meng’s immediate release and threatened “consequences” for Canada. But both Chinese and U.S. officials appear to be avoiding linking her arrest to the trade dispute.

Meng, the 46-year-old daughter of the founder of Huawei, was arrested on Dec. 1 as she was changing planes in Vancouver. In a sworn affidavit, she said she is innocent and will contest the allegations against her at trial if she is surrendered to the United States.

 

Meng’s lawyers argue that while she awaits the extradition ruling, she should be allowed to live in one of her two multi-million-dollar Vancouver homes and travel through the area as long as she is accompanied at all times by drivers and minders from a security firm. She would also wear a global positioning system (GPS) bracelet at all times, her lawyers said.

 

Of the C$15 million guarantee, C$14 million would be in equity and C$1 million in cash, they said.

 

At one point the judge asked why Meng had avoided travel to the United States since 2017 if not to avoid arrest. Her lawyer David Martin cited a “hostile” climate toward Huawei in the United States.

“I ask the court to ask itself, what motive could she possibly have to flee?” Martin said, arguing the evidence against her was not overwhelming.

 

“If she were to flee, or breach order in any way ... it doesn’t overstate things to say she would embarrass China itself.”

 

Meng appeared confident in court on Monday, smiling and taking her lawyer’s arm. She has argued she needs to be released because she has severe hypertension and fears for her health.

 

Huawei is the world’s largest supplier of telecommunications network equipment and second-biggest maker of smartphones, with revenue of about $92 billion last year. Unlike other big Chinese technology firms, it does much of its business overseas.

 

U.S. officials allege Huawei was trying to use the banks to move money out of Iran. Companies are barred from using the U.S. financial system to funnel goods and services to sanctioned entities.

Huawei and its lawyers have said the company operates in strict compliance with applicable laws, regulations and sanctions of the United States and other parties.

 

Source

 

 

[knowledge-Spammer]

removed befor mods do it

[nir]

When a friend farts, he is relieving himself.  When a foe farts, he is polluting the air.

 

The games humans like to play to fool themselves are infinite.

 

 

[steven36]

21 minutes ago, knowledge said:

and yet 

 

So ? As long as they don't use USA banks to do it I don't think its much they can do about unless they want put sanctions on  them when  and if it happens . This woman is accused of using USA banks to send money to Iran  under the old sanctions  that were still in place under Obama it don't have nothing to do with these ones Trump put back in place.  They been investigating her since 2016. way back then.

Quote

 

The EU is seeking ways to keep Iran from quitting the Joint Comprehensive Plan of Action, the 2015 agreement to constrain the nation’s nuclear activities in exchange for sanctions relief. The U.S. pulled out of the deal in May and reimposed sanctions earlier this month.

 

 

France, Germany and the U.K. are trying to find a place to base a special purpose vehicle to handle payments to Iran in defiance of the U.S. sanctions.

 

https://www.bloomberg.com/news/articles/2018-12-10/eu-sees-effort-to-sidestep-iran-sanctions-ready-by-end-of-year

[knowledge-Spammer]

removed befor mods do it

[knowledge-Spammer]

removed befor mods do it

[steven36]

39 minutes ago, knowledge said:

its about time usa learn sanctions  no work nowdays  they all team up to beat the sanctions    but its ok it just make hard times for all

but what is easy nowdays

If they impeach Trump  things are  going to get much worse, most likely he will  start a war like the Bush's did the Vice president it not  a Right center  Democrat turn republican like Trump,  hes a real bible thumping conservative , go to church every Sunday believes in things he can't see kind of person. All the left wingers crying about Trump  they going miss  him if   Mike Pence  takes  his place. They a bunch of fools  messing with Trump  they just going  make things even worse..