Hamartia Antidote
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https://www.bloomberg.com/news/arti...being-prosecuted-for-fraud-canada-lawyer-says
Huawei Technologies Co. Chief Financial Officer Meng Wanzhou is being prosecuted for fraud, a lawyer representing Canada said during a bail hearing on Friday.
The U.S. alleges that Huawei used a firm called Skycom to do business with Iran, breaching sanctions, and that Meng hid the relationship between Huawei and Skycom, according to the lawyer.
Wanzhou Meng
Banking institutions were induced into transactions that violated sanction laws and exposed them to risk of fines, the lawyer also said. The attorney didn’t name the banks.
Meng was arrested in Vancouver Dec. 1 at the behest of U.S. authorities for allegedly violating American sanctions on selling technology to Iran. Meng entered the courtroom in downtown Vancouver at 1:25 p.m. local time, wearing a green sweatsuit and accompanied by her lawyer. She sat at the back of the courtroom in a clear plastic cubicle. About 100 people looked on from the public gallery. She gave a thumbs up to her lawyer before proceedings began.
The hearing Friday in Vancouver is just the start of a legal process in Canada that could end with Meng being sent to the U.S. to stand trial. Even though the North American neighbors have a longstanding treaty governing extradition, it can take months, even years, for a defendant to be handed over, if at all.
Should a judge agree to extradite Meng, she would have multiple chances to appeal the decision. She also could seek bail during the proceeding, agreeing to live in Canada while the matter is pending in the courts.
Huawei Technologies Co. Chief Financial Officer Meng Wanzhou is being prosecuted for fraud, a lawyer representing Canada said during a bail hearing on Friday.
The U.S. alleges that Huawei used a firm called Skycom to do business with Iran, breaching sanctions, and that Meng hid the relationship between Huawei and Skycom, according to the lawyer.
Wanzhou Meng
Banking institutions were induced into transactions that violated sanction laws and exposed them to risk of fines, the lawyer also said. The attorney didn’t name the banks.
Meng was arrested in Vancouver Dec. 1 at the behest of U.S. authorities for allegedly violating American sanctions on selling technology to Iran. Meng entered the courtroom in downtown Vancouver at 1:25 p.m. local time, wearing a green sweatsuit and accompanied by her lawyer. She sat at the back of the courtroom in a clear plastic cubicle. About 100 people looked on from the public gallery. She gave a thumbs up to her lawyer before proceedings began.
The hearing Friday in Vancouver is just the start of a legal process in Canada that could end with Meng being sent to the U.S. to stand trial. Even though the North American neighbors have a longstanding treaty governing extradition, it can take months, even years, for a defendant to be handed over, if at all.
Should a judge agree to extradite Meng, she would have multiple chances to appeal the decision. She also could seek bail during the proceeding, agreeing to live in Canada while the matter is pending in the courts.
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