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Home / SmartTech / Huawei CFO, charged with fraud, faces up to 30 years in prison – TechCrunch

Huawei CFO, charged with fraud, faces up to 30 years in prison – TechCrunch



A bail hearing revealed today that Huawei's Chief Financial Officer Meng Wanzhou's arrest in Vancouver, Canada, was receiving new details over the weekend.

The daughter of Huawei founder Ren Zhengfei is charged with fraud for maximum punishment 30 years in prison, according to journalists present . The US Department of Justice claims that Meng has allowed unofficial Huawei subsidiary SkyCom to do business in Iran, violate US sanctions against the country, and mislead US financial institutions.

Tensions between the US authorities and Huawei have been high since 201

6, exacerbated by a continuing trade war between the US and China. The US has long regarded Huawei and its close ties to the Chinese government as a threat to national security. Larry Kudlow, director of the National White House National Economic Council, told CNBC today that the US has given Huawei several warnings.

"We warned them against violating the Iranian sanctions for some time … We have these sanctions In Iran it is against our policy, why should not we enforce that?

The Canadian Department of Justice has today denounced the Meng bail and claims that it has an incentive to flee Canada, but its lawyer said, "Meng would not harm her father by injuring a Meng bail [AP]

Meng may be extradited to the US, a process that can take weeks to months to complete, and the US Department of Justice has 60 days to request extradition

In a statement made available to TechCrunch days following Meng's arrest, a Huawei spokesman said the company was "not aware of any misconduct of Ms. Meng. "

" The company has received very little information about the charges, and Ms. Meng is not aware of any misconduct. The company expects that the Canadian and US legal systems will ultimately come to a fair conclusion. Huawei complies with all applicable laws and regulations under which it operates, including applicable export control and sanction laws and regulations of the United Nations, the United States, and the EU. "

The Chinese Foreign Ministry has vigorously requested the release of Meng Meanwhile, a spokesman for whom it was said that her detention requires further explanation in order to" effectively protect the legitimate rights and interests of the data subject "( 19659002).

Huawei, headquartered in Shenzhen, China, is the world's largest telecommunications equipment manufacturer and second largest smartphone maker.

Huawei did not respond to our request for comment.


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