Meng Wanzhou, Chief Financial Officer of Chinese tech giant Huawei (and daughter of founder, Ren Zhengfei) was arrested by Canadian authorities earlier this month for delivering to the US for alleged insults to financial institutions He will not know if he will be able to bail until Tuesday.
William The Great Court Judge William Ehrcke appeared to be "skeptical" during a Monday hearing on a $ 1
as part of the bail Martin proposed $ 15 million (about $ 11.2 million), a million in cash, and the remainder was secured by their two homes in Vancouver. He introduced two persons, each serving as a guarantor, essentially a superior for a defendant who was on bail. One was Xiaozong Liu, Ms. Meng's husband, and the other was Scot Filer, chief executive of Vancouver-based Lions Gate Risk Management.
Judge Ehrcke questioned Mr. Liu's immigration status and said he was not convinced He could ensure that Ms. Meng would not pose a flight risk if he could not stay in Canada himself. Extradition cases can last "not only for many months, but many years," said judge Ehrcke.
According to the Star, Mengs lawyer also suggested she could wear an electronic surveillance bracelet if released on bail.
It has previously been reported that Meng may face 30 years in prison if she is sent to the US and is convicted, according to Reuters, that a 30-year sentence is indeed the maximum she could have detained "for any charge" , It is not clear how many charges they might face.
Since Huawei does business in countries that have signed international sanctions against Iran – led by the US, but also in France, Germany, the UK and the European Union – it is not allowed to do business there. Prosecutors allege that Meng was in a plot to trick financial institutions (allegedly including HSBC) into believing that a Hong Kong-controlled company, the Hong Kong-based company Skycom, is an independent company involved in financial transactions Sales Attempts by Hewlett Computer Equipment from Packard to Iranian Telecommunications Companies.
Meng's arrest in Canada at the behest of the US authorities has become an important hot spot because she is not only a well-known leader of a famous Chinese company – this year Huawei was born to the world for the second time. The largest smartphone maker – the US and China are currently in a trade war. While Donald Trump and his Chinese counterpart Xi Jinping had recently agreed to a kind of ceasefire in which each side would not impose new tariffs, the Times reported that there was a "flaming stream of outrage and alarm among the wealthy and influential Chinese." The Chinese The government is supposed to prevent the issue from exploding into a major fight, but also warned of "serious consequences" if Meng is not released.
The standoff could get a lot more tense. According to CNN, some White House officials see Meng as a potential "lever" for future trade talks and have also made conflicting statements as to whether some helpers knew in advance that they would be arrested at meetings between Trump and Xi. If Trump's government actually intends to use it as a sort of hostage, Slate wrote, "this would be an extraordinary breach of diplomatic conventions that would pose a retaliatory threat to thousands of Americans working in China."
launched aggressive overseas expansion funded by Chinese state-owned banks, particularly in telecommunications equipment and 5G networks. Kara Swisher of the Times noted that there is considerable concern in the US that China will have a major advantage in the next generation of wireless technology. US intelligence also claims that the equipment of Huawei and other Chinese companies, and possibly their cell phones, could be manipulated into espionage, although little evidence has been provided so far.
The US government and some of its allies have either already imposed or have already done so. It is planned to restrict the use of technology from Huawei and the Chinese technology group ZTE, and US companies have followed suit. This prompted Huawei to request the Federal Trade Commission's responses to Bloomberg earlier this year:
Huawei filed a series of lawsuits, including a Congressional decision to buy bargain-based agencies, equipment or services from Huawei and ZTE, as well as Decisions of AT & T Inc. and Verizon Communications Inc. may not market Huawei smartphones. The FCC is considering a move to ban US carriers from using government subsidies to buy equipment from companies.
"We have asked the Federal Trade Commission to work with its counterparts to ensure that the implications of these interventions are fully understood," Huawei said in a separate statement. "Rules based on arbitrary security concerns are anti-competitive."
As Mike Masnick of TechDirt noted, there is reason to believe that some of the US restrictions have more to do with weakening the reach of Chinese competitors than with espionage ships. For example, the Washington Post reported in 2012 that California-based Cisco had launched a lobbying campaign calling for a reinforced Huawei review.
The Canadian courts may decide that the US seeks to extradite Meng for racial or religious bias or for political reasons that would invalidate the motion, and has the right to appeal multiple sets of legal remedies before a US -Signition can take place.
According to the magazine, Meng's defense team claims that Huawei's connections to Skycom in 2009 and can not be held responsible for the actions of the company. It also claimed that Meng had several health problems that could worsen during detention.
"My father founded Huawei, and I would never do anything that would harm the company's reputation," Meng told the newspaper. "I believe that a breach of my bail amounts would cause such damage."
[Wall Street Journal]