Huawei CFO Arrested in Canada For Iran Sanction Violations

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  • #19188
    Helmholtz Watson
    Participant

    The CFO of Chinese telecommunications giant Huawei Technologies…

    [article]1241[/article]

    #19190
    ClemSnide
    Participant

    Awkward indeed

    #19214
    Truman
    Participant

    Meng’s bail hearing

    Canadian Crown says Meng was arrested in Vancouver in transit from Mexico to Hong Kong for fraud. The charges are for conspiracy to defraud multiple banks to avoid Iran sanctions. The crown lawyer says the US accuses a Huawei unit of doing business in Iran.

    #19235
    TradersCom
    Keymaster

    Huawei Reprisal? Former Canadian diplomat detained in China after Meng arrest

    Former Canadian diplomat Michael Kovrig, a senior advisor for the International Crisis Group, was detained in China, according to several reports.

    “It was not immediately clear if the cases were related, but the arrest of Huawei CFO Meng Wanzhou in Vancouver has stoked fears of reprisals against the foreign business community in China,” Reuters reports.

    #19905
    Truman
    Participant

    Treasurer of Australia Frydenberg Denies China Banning Australian Imports over Huawei ban on ABC Radio

    Denies China has banned Australia imports
    Says exports to China will continue to be strong
    Says we shouldn’t jump to conclusions

    Replying to Reuters report “customs at China’s northern port of Dalian has banned imports of Australian coal and will cap overall coal imports from all sources to the end of 2019 at 12 million tonnes.”

    #23814
    Super Harley
    Participant

    Huawei CFO will remain under house arrest after loses bid to get extradition charges removed

    Her lawyers argued that the sanctions violations charges she faces in the US aren’t a crime in the US.
    A British Columbia judge ruled against that but she has 30 days to appeal.

    Extradition hearings will begin in June.

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