The chief financial officer of the Chinese smartphone maker Huawei, Meng Wanzhou, arrested in Canada, faces up to 30 years in prison. A Canadian public prosecutor attorney spoke at a hearing in Vancouver.
Meng was arrested last weekend in Vancouver at the behest of US authorities. The United States calls for the extradition of Meng. The Chinese government has responded to the arrest with the Chinese media that attacked the United States.
US investigators accuse the manager of doing business with Iran through a company called Skycom, which violates the Sanctions Act, the attorney said. Meng is accused by the United States of "conspiracy to cheat financial institutions". It is said to have veiled against US banks that Huawei and Skycom were in fact the same company.
The specific allegations against Meng were so unclear because there was a block of information. However, this was revoked by a Canadian court.
Meng is interested in fleeing to China
At the hearing it was negotiated if Meng can be released on bail. The Canadian lawyer asked that the application for the release of Meng's bail be dropped. He has an interest in escaping from Canada to China for charges against her and the imminent long sentence to imprisonment.
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The United States has long been suspicious of Huawei. Because the private smartphone maker has close ties to the Beijing regime, it is considered a national security risk. Americans fear that the Chinese can use Huawei's technology as a gateway to industrial espionage and cyberattacks.
The arrest of the manager of Huawei has stirred fears in the financial markets and in the world of a renewed escalation in the trade conflict between the United States and China.