US prosecutors want a top executive of China’s Huawei Technologies Co Ltd to face charges of fraud linked to the skirting of Iran sanctions, a Vancouver court heard on Friday.
Huawei CFO Meng Wanzhou, 46, who is also the daughter of the company founder, was arrested on December 1 at the request of the United States. The arrest, revealed by Canadian authorities late on Wednesday, was part of a US investigation into an alleged scheme to use the global banking system to evade US sanctions against Iran, people familiar with the probe told Reuters.
Meng arrived in the packed Supreme Court of British Columbia as dozens of photographers jostled outside the building. She conferred with her two lawyers through a translator.
Canada’s Justice Department has declined to provide details of the case. A judge on Friday lifted a publication ban Meng had secured that curbed the media’s ability to report on the evidence or documents presented in court.
The news of Meng’s arrest roiled global stock markets on fears the move could escalate a trade war between the United States and China after a truce was last week between President Donald Trump and China’s leader Xi Jinping.
Trump did not know…
