During her bail hearing on Friday, a prosecutor for the Canadian government said USA charges against her have to do with Huawei using an unofficial subsidiary to access the Iran market in dealings that would contravene US sanctions.
Two state-run media outlets in China have come out with blistering attacks on the U.S. related to the arrest in recent days of Huawei's CFO Meng Wanzhou, who faces extradition here, saying the arrest is just a backdoor way for the USA to try to hobble the company.
USA prosecutors want a top executive of China's Huawei Technologies Co Ltd to face charges of fraud linked to the skirting of Iran sanctions, a Vancouver court heard on Friday.
China's official media came out all guns blazing on Friday in condemning the United States as a "despicable rogue" for facilitating the detention of Huawei's chief financial officer, Meng Wanzhou, who is the daughter of the company's founder Ren Zhengfei.
The case was adjourned until Monday by Justice William Ehrcke to allow the defence more time to complete its submissions.
Reports from Reuters have previously suggested that over the past decade, Huawei has struck deals to resell embargoed technologies, owned by US companies including Hewlett-Packard, to sanctioned telecom operators in Iran.
Priyanka, Nick wedding ceremony starts with traditional puja
The couple got engaged after Nick proposed to Priyanka on her 36th birthday in London in July after just a few months of dating. The festivities will commence today and all functions will be held at the Umaid Bhavan Palace in Jodhpur, Rajasthan.
He suggested that Meng has also shown a pattern of avoiding the United States over the past year since becoming aware of the investigation into the matter, arguing that she has no ties to Canada and has access to vast wealth and political connections - and thus poses a flight risk.
National Economic Council Director Larry Kudlow discusses the arrest of Huawei CFO Meng Wanzhou, the Federal Reserve's rate hikes and the White House tech summit.
Meng's defense lawyer David Martin said the evidence presented doesn't prove she broke either US or Canadian law. The prosecutor said she is accused of fraud.
"We won't change our global supply chain partnerships". Martin said that, while Huawei had remained a shareholder of the company, there is "no evidence" it was a Huawei subsidiary in 2013 and 2014, the period under investigation. Since learning of the investigation into her alleged activities, Meng has avoided the USA and other Huawei executives have stopped traveling to the US, he added. He alleged Huawei used a Hong Kong-based company called Skycom Tech to do business in Iran for Iranian telecom companies, breaching US and European sanctions, and that Meng led USA financial institutions to believe it had no ties to Skycom when, in fact, the company was a thinly disguised subsidiary. At the time, Meng served as the management firm's company secretary.
United States investigators believe the misrepresentations induced the banks to provide services to Huawei despite the fact they were operating in sanctioned countries, Canadian court documents released yesterday showed.
A White House official said Trump did not know about a United States request for her extradition from Canada before he met Xi and agreed to a 90-day truce in the brewing trade war. Huawei is one of China's most highly valued companies. -China trade talks and the Huawei arrest "are two separate events", calling the timing of Meng's arrest a coincidence. Even though the North American neighbors have a longstanding treaty governing extradition, it can take months, even years, for a defendant to be handed over, if at all.