Huawei's Meng Wanzhou Appears In Vancouver Court For Bail Hearing

Russian FM Lavrov holds a news conference on the sidelines of OSCE summit in Milan

Chief Financial Officer Meng Wanzhou was charged with conspiracy to defraud banks and should not be granted bail because she may flee, a lawyer representing Canada said during a court hearing on Friday.

Two state-run media outlets in China have come out with blistering attacks on the U.S. related to the arrest in recent days of Huawei's CFO Meng Wanzhou, who faces extradition here, saying the arrest is just a backdoor way for the USA to try to hobble the company.

Recently, our corporate CFO, Ms. Meng Wanzhou, was provisionally detained by the Canadian Authorities on behalf of the United States of America, which seeks the extradition of Ms. Meng Wanzhou to face unspecified charges in the Eastern District of NY, when she was transferring flights in Canada.

On Friday Ms Meng appeared before a Canadian court, which adjourned a decision on whether or not to allow bail until Monday.

Meng is specifically accused of lying to a United States bank, identified by her lawyer as "Hong Kong Bank", about the use of a covert subsidiary to sell to Iran in breach of sanctions.

Reports from Reuters have previously suggested that over the past decade, Huawei has struck deals to resell embargoed technologies, owned by US companies including Hewlett-Packard, to sanctioned telecom operators in Iran. Skycom employees, he alleged, were controlled by Huawei and some even used Huawei e-mail addresses.

He suggested that Meng has shown a pattern of avoiding the US 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.

He also alleged that there is evidence Meng has avoided the US since she became aware of a criminal investigation into her activities.

Japan is set to ban government use of telecom products made by Chinese tech giants Huawei and ZTE on concerns about cybersecurity, reports said on Friday.

Le said Canada's arrest of Meng while she was changing plane in Vancouver was a serious breach of her lawful rights.

"You can trust her", he said.

Meng's lawyer said at the hearing that the fact that a person has extraordinary resources can not be a factor that would exclude them from bail. "But we're going to have to live with that", Mulroney said, according to Reuters.

"There is ample evidence to suggest that no major Chinese company is independent of the Chinese government and Communist Party - and Huawei, which China's government and military tout as a "national champion" is no exception", U.S. Senators Mark Warner and Marco Rubio wrote in October in a letter to Prime Minister Justin Trudeau.

The 46-year-old executive was arrested in Vancouver while changing planes, ratcheting up tensions between the USA and China just as the countries' leaders agreed to a truce in their trade war.

Executives, including Meng, then made a series of misrepresentations about the relationship between the two companies to the banks, inducing them to carry out transactions linked to Iran they otherwise would not have completed and which violated sanction laws, he told the court.

Although there are some waivers, US Treasury Secretary Steven Mnuchin has said the US will "aggressively" target any firm or organisation "evading our sanctions".

Huawei said in a Friday statement that it "will continue to follow the bail hearing" next week, expressing "every confidence that the Canadian and United States legal systems will reach the right conclusion".

Martin added that Meng was willing to surrender her two valid passports to the RCMP.

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