Arrested Huawei CFO makes appearance in Canadian court as USA seeks extradition

Huawei finance boss Meng Wanzhou charged by US 'had seven passports'

A federal prosecutor told a bail hearing for Meng Wanzhou in Vancouver on Friday that the chief financial officer of Huawei Technologies is wanted in the United States on criminal allegations that Huawei used its subsidiary Skycom to do business with Iranian telecommunications companies between 2009 and 2014.

A top Chinese telecommunications executive facing possible extradition to the United States appeared in court Friday as she sought bail in a case that has rattled markets and raised doubts about the USA being able to reach a truce in its trade war with China.

Huawei chief financial officer Meng Wanzhou, 46, is the daughter of the founder of the company, which U.S. intelligence agencies allege is linked to China's government.

From 2009 to 2014, the court heard, Huawei used Skycom to transact business in Iran despite U.S. and European Union bans.

"If the USA makes an example of Huawei, the conservative nationalist forces in China and also the military will be very unhappy, and that will make it even more hard to make compromises with the United States", he said.

It is also one of the leading sellers of smartphones.

"This is one of the U.S.'s many tactics and tools used in its trade war with China to maximize its gains".

Still, attorney DeBusk said, "I would certainly expect the Chinese to do something in retaliation" for Meng's arrest, perhaps by targeting United States companies doing business in China.

Meng Wanzhou was arrested on Saturday while in transit at Vancouver's airport.

A senior diplomat from the U.S. embassy in Singapore gave opening remarks, but an embassy spokesperson said she left before any discussion.

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China has demanded her release, saying there has been no wrongdoing.

"We need to have our own China policy driven by our own national interest, and unfortunately we have got ourselves caught in a situation where our China policy is being much fashioned by some hardliners in Washington", Mr. Manley told CTV Question Period in an interview to be aired on Sunday.

Meng's detention in Canada came on the day of a summit at which US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a truce in the escalating trade dispute opposing the two economic powerhouses.

Another US official said that while it was a Justice Department matter and not orchestrated in advance by the White House, the case could send a message that Washington is serious about what it sees as Beijing's violations of worldwide trade norms.

"We've had obligations that we've had to meet with the Canadian government and we've always met them, as has Huawei", Mr. Cope said, adding that BCE does not use Huawei equipment in its core network, "so I'm relaxed about it".

"The Chinese are well aware of John's seniority", she said.

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.

David Vigneault did not name China or Huawei in his speech, but he noted that "many of these advanced technologies are dual-use in nature in that they could advance a country's economic, security or military interests". The company has said it complies with all applicable export control and sanctions laws and other regulations.

Huawei was founded to sell phone switches but it is now the world's biggest supplier of network gear for phone and internet companies. ZTE paid a US$892 million (RM3.71 billion) penalty.

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