Published: Tue, December 11, 2018
Business | By Eloise Houston

Huawei exec's lawyers argue for bail in Canadian court

Huawei exec's lawyers argue for bail in Canadian court

The lawyer for a top Chinese executive who faces fraud charges in the United States says it would be inconceivable she would flee because she would not her embarrass her father or the enormous company she has helped build.

Police say no one was injured and no arrests have been made.

The fact that Skycom registered a Huawei domain six years after the two firms supposedly severed their links may add weight to the claims of USA prosecutors that the latter used its "unofficial subsidiary" to carry out business in Iran.

The hearing has sparked widespread interest, and the courtroom was packed again Monday with media and spectators, including some who came to support Meng.

In a bail application seeking her release pending an extradition hearing, Meng said she has longstanding ties to Vancouver dating back at least 15 years, as well as significant property holdings in the city.

"We believe this is inhumane and violates her human rights", foreign ministry spokesman Lu Kang said at a regular press briefing, citing such reports.

China is threatening to take aggressive action against Canada if the country fails to release Huawei's CFO from custody and obeys a USA extradition request. In the US, stocks were volatile, tumbling in the morning and then recovering in the afternoon.

Meng has agreed to surrender her passports and submit to electronic monitoring if she is released, pending the outcome of the extradition case.

In the meantime, while China has denounced the arrest, it hasn't linked it to trade talks with the U.S.as experts say it doesn't want to undermine the prospects for a trade deal.

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Meng Wanzhou was recently detained while changing flights in Vancouver.

On Friday, the first day of Meng's bail hearing, the Crown revealed she is wanted due to an investigation into fraud and violations against USA sanctions against Iran.

On Sunday, China's foreign ministry summoned US ambassador Terry Branstad and to express its "strong protest" over the executive's "unreasonable" arrest, which has since sent shockwaves across global markets.

Ming Pao, a Chinese newspaper, reported on Monday that Shen was Huawei's corporate lawyer, and indeed a court ruling from May shows a Huawei employee named Shen Fen represented the company in a trademark dispute case.

Tariffs on $200 billion of those imports were scheduled to rise from 10 percent to 25 percent on January 1.

Her arrest was on the same day that US President Donald Trump met his Chinese counterpart, Xi Jinping, in Argentina to look for ways to resolve the escalating trade war.

Those comments were echoed by US Trade Representative Robert Lighthizer, who said in an interview with CBS on Sunday: "This is a criminal justice matter". "This is Damocles' sword hanging over the Chinese government".

Huawei, the biggest global supplier of network gear for phone and internet companies, has become the target of United States and Australian security concerns because of its ties to the Chinese government. The U.S. has pressured other countries to limit use of its technology, warning they could be opening themselves up to surveillance and theft of information.

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