Chi­nese ex­ec­u­tive jailed for week­end

Hartford Courant - - World & Nation - Associated Press

VAN­COU­VER, Bri­tish Columbia — A Cana­dian pros­e­cu­tor urged a Van­cou­ver court to deny bail to a Chi­nese ex­ec­u­tive at the heart of a case that is shak­ing up U.S.-China re­la­tions and wor­ry­ing global fi­nan­cial mar­kets.

Meng Wanzhou, chief fi­nan­cial of­fi­cer of telecom­mu­ni­ca­tions gi­ant Huawei and daugh­ter of its founder, was de­tained at the re­quest of the U.S. dur­ing a lay­over at the Van­cou­ver air­port last Satur­day — the same day that Pres­i­dents Don­ald Trump and Xi Jin­ping of China agreed over din­ner to a 90-day cease­fire in a trade dis­pute that threat­ens to dis­rupt global com­merce.

The U.S. al­leges that Huawei used a Hong Kong shell com­pany to sell equip­ment in Iran in vi­o­la­tion of U.S. sanc­tions. It also says that Meng and Huawei mis­led Amer­i­can banks about its busi­ness deal­ings in Iran.

Meng will spend the week­end in jail after a Cana­dian judge said he needs to weigh her pro­posed bail con­di­tions.

The sur­prise ar­rest, al­ready de­nounced by Bei­jing, raises doubts about whether the truce will hold.

“I think it will have a dis­tinc­tively neg­a­tive ef­fect on the U.S.-China talks,” said Philip Levy, se­nior fel­low at the Chicago Coun­cil on Global Af­fairs and an eco­nomic ad­viser to Pres­i­dent Ge­orge W. Bush. “There’s the hu­mil­i­at­ing way this hap­pened right be­fore the din­ner, with Xi un­aware. Very hard to save face on this one. And we may see (Chi­nese re­tal­i­a­tion), which will em­bit­ter re­la­tions.”

Cana­dian pros­e­cu­tor John Gibb-Cars­ley said in a court hear­ing Fri­day that a war­rant had been is­sued Aug. 22 for Meng’s ar­rest in New York. He said Meng, ar­rested en route to Mex­ico from Hong Kong, was aware of the in­ves­ti­ga­tion and had been avoid­ing the U.S. for months, even though her teenage son goes to school in Bos­ton.

JANE WOL­SAK/AP

Meng Wanzhou, right, CFO of Huawei Tech­nolo­gies, sits be­side a trans­la­tor dur­ing a bail hear­ing Fri­day.

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