USA wants Huawei executive 'to face charges over Iran sanctions'

Huawei's Executive Board Director Meng Wanzhou attends the VTB Capital Investment Forum

The Crown says Meng is alleged to have said Huawei and Skycom were separate and she allegedly lied to an executive of an unnamed financial institution, which it asserts put the institution at risk.

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 USA being able to reach a truce in its trade war with China. Meng pledged C$1 million for bail.

Prosecutors told the court that a judge in NY issued a warrant for Meng's arrest in August.

Meng's "extensive pattern of dishonesty" was cited as another reason to deny her bail, as was the fact that she stopped traveling to the United States after learning about the investigation into her case.

Russian Foreign Minister Sergei Lavrov said on Friday that the detention of Chinese technology giant Huawei's HWT.UL chief financial officer in Canada was an example of "arrogant" USA policy overseas. Meng's arrest is reportedly related to a USA investigation into a plot to use the global banking system to bypass stateside sanctions against Iran, according to Reuters. He argued that her wealth should not disqualify her from getting bail, and suggested use of tools such as electronic monitoring to ensure she stays in the country.

"I have not spoken directly to Chinese officials but John McCallum, our ambassador to China - our very senior ambassador to China - has spoken with Chinese officials", Freeland said Friday in a teleconference from meetings in Berlin. A Canadian official authorized her arrest in November.

A woman walks by a Huawei logo at a shopping mall in Shanghai, China on December 6, 2018.

Meng is the daughter of Huawei founder Ren Zhengfei, a former Chinese military engineer worth $3.2 billion, according to Forbes magazine. She was named to the company's board in 2011 and named one of four vice chairs this past March.

The new director of the Canadian Security Intelligence Service flagged issues surrounding 5G technology in a major speech this week in which he described the threat to Canada's national security posed by "economic espionage" from "hostile states".

The heads of six US intelligence agencies, including the CIA, FBI, and NSA, have warned against using Huawei products due to security concerns.

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