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China condemns Canada’s arrest of Huawei’s CFO

by admin   |   Posted on Friday, 7 December 2018 11:47 AM

 

Meng Wanzhou, chief financial officer of Huawei | REUTERS

China condemns the arrest of Meng Wanzhou, chief financial officer(CFO) of China’s tech giant Huawei, in Canada, Chinese embassy said in a statement on Wednesday.

It said Meng has committed no crime and that the arrest is a violation of her human rights; China urges both Canada and United States to “immediately correct the wrongdoing”.

Meng was arrested on December 1, and a bail hearing has been scheduled for Friday, according to the Canadian side.

In a statement, Huawei said Meng was arrested while transferring between flights in Canada, and is facing an “unspecific accusation”.

The company said it has been provided very little information regarding the charges and is not aware of any wrongdoing of Meng. — Reuters

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U.S. charges China’s Huawei with bank fraud, stealing trade secrets

by admin   |   Posted on Tuesday, 29 January 2019 09:32 AM

Huawei logo on pillar in Shanghai, China | Reuters

The United States on Monday (January 28) charged China’s Huawei Technologies Co Ltd, its chief financial officer, and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has added to tensions with Beijing.

In a 13-count indictment, the Justice Department said Huawei misled a global bank and U.S. authorities about its relationship with the subsidiaries, Skycom Tech and Huawei Device USA Inc, in order to conduct business in Iran.

In a separate case, the Justice Department also accused Huawei of stealing trade secrets, wire fraud and obstructing justice for allegedly stealing robotic technology from carrier T-Mobile US Inc to test smartphones’ durability.

T-Mobile had accused Huawei of stealing the technology, called “Tappy,” which mimicked human fingers and was used to test smartphones. Huawei has said that the two companies settled their disputes in 2017.

The charges add to pressure on Huawei, the world’s biggest telecommunications equipment maker, from the U.S. government, which is trying to prevent American companies from buying Huawei routers and switches and pressing allies to do the same. — Reuters

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Canadian court grants bail to CFO of China’s Huawei

by admin   |   Posted on Wednesday, 12 December 2018 09:26 AM

 

Meng Wanzhou, chief financial officer of Huawei | REUTERS

A Canadian court on Tuesday (December 11) granted bail to a top executive of Huawei Technologies Co Ltd while she awaits a hearing for extradition to the United States, a move that could help placate Chinese officials angered by her arrest.

Meng Wanzhou, 46, Huawei’s chief financial officer and the daughter of its founder, faces U.S. accusations that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions.

Justice William Ehrcke at a court hearing in Vancouver, British Columbia, on Tuesday granted bail to Meng, subject to a guarantee of C$10 million ($7.5 million) and other conditions.

China had threatened severe consequences unless Canada released Meng immediately.

Meng was detained as part of a U.S. investigation on Dec. 1 as she was changing planes in Vancouver. — Reuters

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China expresses ‘serious concerns’ over Australia’s ban of Huawei from mobile network project

by admin   |   Posted on Friday, 24 August 2018 10:06 AM

Huawei. REUTERS/Aly Song/File Photo

China on Thursday (August 23) expressed “serious concerns” over Australia’s ban of Chinese telecoms firm Huawei Technologies from supplying equipment for a 5G mobile network in the country.

Foreign ministry spokesman Lu Kang said Australia should not “use various excuses to artificially erect barriers.”

Australia had banned Huawei, citing risks of foreign interference and hacking which Beijing dismissed as an “excuse” to tilt the playing field against a Chinese firm.

The move, following advice from security agencies, signals a hardening of Australia’s stance toward its biggest trading partner as relations have soured over Canberra’s allegations of Chinese meddling in Australian politics.

It also brings Australia in line with the United States, which restricted Huawei and compatriot ZTE Corp from its lucrative market for similar reasons. — Reuters

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