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Huawei CFO Seeks Bail

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Reuters reports that a top executive of China’s Huawei Technologies argued that she should be released on bail while awaiting an extradition hearing. She cited fears for her health while incarcerated in Canada along with other factors. Huawei Chief Financial Officer Meng Wanzhou is fighting to be released on bail. She was arrested on Dec. 1 in Vancouver at the request of the United States. Meng faces U.S. accusations that she misled multinational banks about Huawei’s control of a company operating in Iran. This deception put the banks at risk of violating U.S. sanctions. The banks have incurred severe penalties.

Added on the 09/12/2018 20:05:28 - Copyright : Wochit

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