The case against Meng Wanzhou, who is also the daughter of the founder of Huawei, stems from a 2013 Reuters report 131 about the company's close ties to Hong Kong-based Skycom Tech Co Ltd, which attempted to sell U.S. equipment to Iran despite USA and European Union bans, the prosecutor told a Vancouver court.
U.S. prosecutors want to extradite Ms Meng to face accusations that she misrepresented Huawei's relationship to a company that transacted business in Iran despite USA sanctions, according to evidence in a bail hearing today.
The US alleges that Huawei's chief financial officer, Meng Wanzhou, hid ties between Huawei and Skycom, according to Mr Gibb-Carsley.
None of the allegations have been proven in court.
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.
Her bond request was debated in a Canadian court Friday, pending her extradition to the US.
Christopher Balding, a China scholar at Fulbright University Vietnam, said that from China's perspective, Meng's arrest was a political escalation and the Trump administration seemed to understand that. Huawei said the company had been given "very little information" about the charges and...
She was arrested in Canada on 1 December at the request of the United States.
"China talks are going very well", Trump said on Twitter, without providing any details.
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The US and China have made a step in the right direction by announcing a 90-day truce in their tariff war, CCTV commentator and editor Tom McGregor told Sputnik, suggesting that Donald Trump had nothing to do with Huawei chief financial officer Meng Wanzhou's arrest.
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.
From 2009 to 2014, the court heard, Huawei used Skycom to transact business in Iran despite USA and European Union bans.
He dismissed speculation that Meng's arrest was a deliberate ploy to gain leverage over China in trade talks and said that Trump did not know the arrest was coming. -China trade relations caused stocks to sell off on Friday, with technology shares leading the decline. Martin identified the firm as HSBC Holdings Plc, but he disputed the USA allegation that Meng misrepresented anything to that financial institution.
She is specifically accused of lying to USA banks about the use of a covert subsidiary to sell to Iran in breach of sanctions.
There are exemptions for telecom equipment in United States sanctions against Iran, he argued. A Canadian official authorized her arrest in November.
Japan plans to ban government use of telecoms products made by Huawei and ZTE on concerns they pose a national security risk, Japan's Yomiuri Shimbun newspaper reported on Friday.
Meng entered the courtroom in downtown Vancouver at 10:25 a.m. local time, wearing a green sweatsuit and accompanied by her lawyer.
"Her arrest will have phenomenal repercussions in China", said Tao Jingzhou, a corporate lawyer in Beijing.
Wu Xinbo, a professor of global studies at Fudan University, said many Chinese will see Meng's arrest as part of an attempt by the United States to force China to continue manufacturing low-end consumer goods and prevent it from moving up to produce more advanced and valuable products.