m3n4.net March 19, 2019

Huawei CFO Meng Wanzhou granted bail following fraud charges

12 December 2018, 11:59 | Tara Lloyd

Canada’s Foreign Affairs Minister Chrystia Freeland

Chrystia Freeland

The mother of four is accused of conspiring to defraud banks to unwittingly clear transactions linked to Iran, in violation of USA sanctions. The US Department of Justice accuses the Chinese executive of conspiring to defraud banks.

The arrest of Meng has put a further dampener on Chinese relations with the United States and Canada at a time when tensions were already high over an ongoing trade war and USA accusations of Chinese spying.

Kovrig is now employed by the International Crisis Group, a Brussels-based organization that aims to "prevent wars and shape policies that will build a more peaceful world".

Canada's Prime minister Justin Trudeau speaking during the prime ministers of the Canadian provinces meeting in Montreal, on December 7, at the Marriott Chateau Champlain.

Many were quick to suggest a link between Trump's trade negotiations and Meng's arrest in Canada, although the White House has said that the president was unaware that the CFO would be detained during his face-to-face discussions with Xi.

Senior White House administration officials on Sunday insisted that Canada's arrest of the Huawei CFO on a United States extradition request was exclusively a law enforcement matter that would not derail talks with China.

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Public Safety Minister Ralph Goodale said Canada was "sparing no effort" to ensure the safety of Michael Kovrig, who has previously worked at the Canadian Embassy in Beijing.

"Our request is very clear, that is, the Canadian side should immediately release the detained Ms. Meng Wanzhou and to protect her legitimate rights and interests", Lu said.

Earlier on Tuesday, the Canadian government said that one of its citizens in China had been detained.

Meng's lawyer said she will deny the charge.

Justice William Ehrcke of the British Columbia Supreme Court said the Chinese executive could be released after posting millions of dollars in bail and agreeing to a stringent monitoring program proposed by her lawyers.

Huawei said in a statement it was confident that the courts would "reach a just conclusion" in the case and stressed that the company complies with all laws and sanctions.

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Meng Wanzhou appeared in court Friday as she sought bail after being arrested in Canada during a layover on her way to Mexico.

The former ambassador said he expected retaliation after Meng's arrest.

Canada Goose did not respond to a request for comment.

This only adds to the tension between the U.S. and China, not long after other countries began banning Huawei telecom equipment from carrier use from security concerns, further angering Chinese and Huawei officials.

"Well I think I'd want to speak to China", he said to Reuters. Unlike other big Chinese technology firms, it does much of its business overseas. USA authorities are working to extradite Wanzhou to NY.

"We have every confidence that the Canadian and USA legal systems will reach a just conclusion", the company said on Monday.

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After almost six hours of arguments and counter-arguments, no decision was reached and the hearing was adjourned until Monday. Meng Wanzhou to face unspecified charges in the Eastern District of NY , when she was transferring flights in Canada .

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