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U.S. alleges Huawei CFO lined up ties to telecom that did business with Iran

VANCOUVER, British Columbia — Canadian government arrested Huawei Technologies Co. finance leader Meng Wanzhou as a result of U.S. allegations that she fraudulently lined up Huawei’s regulate of an organization known as Skycom that was once doing business in Iran, a Canadian prosecutor stated Friday.

At a bail listening to for Meng in a Canadian court docket in Vancouver, John Gibb-Carsley, the Canadian prosecutor, stated Meng misled monetary establishments concerning the connection between Huawei and Skycom at a time when there have been sanctions against Iran, announcing there was once no courting. In truth, he stated, Huawei and Skycom had been the similar corporate. “This is the crux, I say, of the alleged fraud,” Gibb-Carsley stated.

Meng served at the board of Skycom, a Hong Kong-based company with business in Iran, from February 2008 to April 2009, Hong Kong company information display.

Meng, the daughter of Huawei founder Ren Zhengfei, was once arrested by way of Canadian government Saturday in Vancouver on the request of the U.S., as she was once en direction from Hong Kong to Mexico. She is going through extradition to the U.S. for an alleged violation of the rustic’s sanctions against Iran.

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