Vancouver, Dec 7 (AFP) Chinese telecom giant Huawei's chief financial officer, arrested in Canada, faces US fraud charges for allegedly lying to banks about the use of a covert subsidiary to sell to Iran in breach of sanctions, a bail hearing heard Friday.
Meng Wanzhou is accused of "conspiracy to defraud multiple financial institutions" and if convicted faces more than 30 years in prison, a Canadian government lawyer said, in asking the court to deny her bail request.
SkyCom's alleged sanctions breaches occurred from 2009 to 2014. He suggested that Meng has shown a pattern of avoiding the United States since becoming aware of the investigation into the matter, has no ties to Canada and has access to vast wealth and connections -- and thus poses a flight risk.
Meng was arrested in Vancouver on December 1 while transferring planes on a trip from Hong Kong to Mexico, at the request of US authorities seeking her extradition. (AFP) IND
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)