Ex­ec­u­tive fac­ing ex­tra­di­tion in court

The Morning Journal (Lorain, OH) - - NATION+WORLD - — 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, the 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 — the same day that Pres­i­dents Don­ald Trump and Xi Jin­ping of China agreed over din­ner to a 90-day cease­fire in a trade dis­pute.

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.

The sur­prise ar­rest, al­ready de­nounced by Bei­jing, raises doubts about whether the trade truce will hold and whether the world’s two big­gest economies can re­solve the com­pli­cated is­sues that di­vide them.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.