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Huawei CFO back in Canada court as bail hearing set to wrap

Video Credit: Reuters Studio - Duration: 01:46s - Published < > Embed
Huawei CFO back in Canada court as bail hearing set to wrap

Huawei CFO back in Canada court as bail hearing set to wrap

A top executive at Chinese telecoms giant Huawei Technologies is set to return to a Vancouver courtroom on Tuesday, as the judge weighs final issues in determining whether she should be freed on bail while awaiting extradition proceedings.

Ed Giles reports

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Huawei CFO back in Canada court as bail hearing set to wrap

Huawei executive Meng Wanzhou spent another night in Canadian jail on Monday.

A judge in Vancouver adjourned Meng's bail hearing without deciding her fate.

Meng was arrested as part of a U.S. investigation into potential violation of sanctions on Iran.

Her jailing's sparked fear it could make tension between the U.S. and China worse.

Meng has been detained for over a week and faces possible extradition to the United States.

U.S. officials allege she was trying to use banks to move money out of Iran via a company called Skycom.

(SOUNDBITE) (English): STEVE STECKLOW, REUTERS REPORTER, SAYING: "Several multinational banks, including HSBC, went to Huawei and said what's the story here with this Skycom company.

Apparently, a number of Huawei executives including Ms Meng, gave a presentation to HSBC and other banks saying they weren't really connected to Skycom.

That they'd sold the company and therefore there was no problem.

US authorities now say that wasn't true, Huawei controlled Skycom." Now U.S. prosecutors want Meng to be extradited to face accusations she misled the banks and that put them at risk of violating U.S. sanctions.

(SOUNDBITE) (English): STEVE STECKLOW, REUTERS REPORTER, SAYING: "Huawei had a very large operation in Iran, providing networking equipment to the major mobile phone operators and telecommunication companies in Iran and they needed to get money out of Iran so they needed to use the banking system to do that.

And they did this via Skycom." Meng has said in an affidavit that she is innocent and will contest the allegations if she is extradited for trial in the U.S. Huawei said in a statement it believes the Canadian and U.S. legal systems will deliver a fair conclusion.




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