Huawei exec faces fraud charges over Iran links

Sunday Tribune - - WORLD - AP Sput­nik dpa See page 244 | Reuters

THE bail hear­ing in the case of Huawei chief fi­nan­cial of­fi­cer Meng Wanzhou, ar­rested in Canada at the US’S re­quest, will con­tinue to­mor­row, lo­cal me­dia re­ported.

The Star Van­cou­ver news out­let re­ported that the pros­e­cu­tion claimed Meng had com­mit­ted fraud by telling Uk-based HSBC bank­ing com­pany that Huawei was in com­pli­ance with the US anti-iran sanc­tions at a meet­ing in 2013.

Meng, the daugh­ter of Huawei founder Ren Zhengfei, was ar­rested in Van­cou­ver last Satur­day, prompt­ing the out­rage of the Chi­nese au­thor­i­ties.

She faces charges of con­spir­acy to de­fraud mul­ti­ple fi­nan­cial in­sti­tu­tions, which carry a pos­si­ble sen­tence of up to 30 years jail for each charge, the court heard.

John Gibb-cars­ley, who rep­re­sents Canada’s at­tor­ney gen­eral, said Sky­com was a sub­sidiary of Huawei, not a sep­a­rate com­pany as claimed by the Chi­nese tele­coms gi­ant, and that Huawei at­tempted to hide its true re­la­tion­ship with Sky­com and the com­pany’s ties with the Ira­nian tele­coms provider.

Meng had al­legedly de­nied the link be­tween Huawei and Sky­com when ques­tioned by US banks, trick­ing them into mak­ing trans­ac­tions that vi­o­lated US sanc­tions on Iran, Gibb-cars­ley said.

“This is the al­leged fraud,” he said. He urged the court to deny Meng bail, say­ing she had vast re­sources and would likely flee to China, which has no ex­tra­di­tion treaty with the US.

Meng’s de­fence at­tor­ney, David Mar­tin, said wealth should not pre­clude any one from get­ting bail.

Mar­tin said that given her prom­i­nent PEO­PLE MENG Wanzhou, 46, is the daugh­ter of Huawei founder Ren Zhengfei, a for­mer Chi­nese mil­i­tary en­gi­neer worth $3.2 bil­lion, ac­cord­ing to Forbes mag­a­zine. She’s likely his heir ap­par­ent. While per­sonal de­tails are scant, she is mar­ried and has a son and a daugh­ter, Huawei said. Meng, who takes her last name from her mother, re­ceived a mas­ter’s de­gree from Huazhong Univer­sity of Sci­ence and Tech­nol­ogy in Wuhun, China, | sta­tus, Meng would not em­bar­rass her fa­ther, the com­pany or China by breach­ing any bail con­di­tions.

Huawei has re­cently faced se­cu­rity con­cerns on the part of the US and sev­eral other coun­tries, claim­ing the firm was linked to Chi­nese in­tel­li­gence.

On Fri­day, Huawei dis­missed claims that it threat­ened the se­cu­rity of for­eign coun­tries. | THE tra­di­tional na­tiv­ity scene in St Peter’s Square won’t be so tra­di­tional this year. For the first time, it is made of sand – 720 tons of it.

The gi­ant na­tiv­ity scene (5.5m high by 16m wide) and a Christ­mas tree were in­au­gu­rated on Fri­day as part of the Vat­i­can’s sea­sonal tra­di­tions.

Four sculp­tors known as the “Sul­tans of Sand”, from the US, the Nether­lands, Rus­sia and the Czech Repub­lic, made the crib us­ing sand from the north­ern Ital­ian beach re­sort of Jesolo. The crib’s sand, “a poor ma­te­rial, re­calls the sim­plic­ity, the small­ness with which God re­vealed Him­self with the birth of Je­sus in the pre­car­i­ous­ness of Beth­le­hem,” Pope Fran­cis said.

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