Published: Sat, December 08, 2018
People | By Leon Thompson

Ron Paul: Arrest of Huawei exec will leave United States powerless & broke

Ron Paul: Arrest of Huawei exec will leave United States powerless & broke

In making their case for denying her bail, crown lawyers said Meng has no meaningful connections to Vancouver, and that her massive resources make the amount of her bail pledge irrelevant. The Crown lawyer told the hearing that the US alleges Huawei Technologies used subsidiary Skycom to do business with Iran, violating sanctions against that country.

US officials are seeking her extradition so she can be prosecuted in the USA on fraud charges, the prosecutor said.

The prosecutor said Meng had personally denied to USA bankers any direct connections between Huawei and SkyCom, when in fact "SkyCom is Huawei".

The arrest, revealed by Canadian authorities late on Wednesday, was part of a United States investigation into an alleged scheme to use the global banking system to evade American sanctions against Iran, sources say.

SkyCom employees used Huawei email addresses and its management were Huawei employees, according to the prosecutor.

None of the allegations have been proven in court.

A Huawei spokesman declined to comment on Thursday before Meng's court appearance and said that Wednesday's statement still stands.

"Dave Lee of the BBC reported "[gasps] in the court" when it was announced that Meng could be hit with "multiple charges each with maximum penalty of 30 years in prison".

The Crown argues Meng should be denied bail, claiming she is a flight risk.

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Barr not only said that an investigation of this would be above-board, he claimed it was necessary in the interest of justice. Sessions, was believed to be in the running for the nomination for the permanent top job at the Justice Department.

Huawei sold Skycom before the sanctions became law in the United States under president Barack Obama in 2010, he said.

In an interview with Fox News, former prime minister Stephen Harper said Justin Trudeau should ban Huawei from Canada. She conferred with her two lawyers through a translator. "She would not embarrass China itself", he said, adding that her husband and daughter were in Vancouver.

According to the Washington Post, Weng was arrested while in transit from Hong Kong to Mexico.

Huawei CEO and founder Ren Zhengfei is a former member of China's People's Liberation Army (PLA), where he worked as an engineer helping to build its communications network.

Her legal team also pointed out that while SkyCom was once a subsidiary, Huawei divested from the company and Meng vacated her seat on SkyCom's board of directors.

In 2014, British Columbia resident Su Bin was arrested by Canadian officials, on accusations that he had stolen top-secret American fighter jet plans.

Martin said two properties in Vancouver worth a total of $14 million could be put up for bail, and electronic monitoring and surveillance-based security could be used, although he said neither would be necessary. But with respect to a number of Chinese companies, we saw what happened with ZTE some months ago and many other issues of concern like that.

US and Asian stock markets tumbled after news of Meng's arrest as it was seen to cause another flare-up in tensions between Washington and Beijing.

For a period of time she was in charge of Huawei's successful internationalization efforts.

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