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	<title>Huawei Technologies Co Archives - Iran News Daily</title>
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		<title>Free Huawei CFO or Face Consequences, China Tells Canada</title>
		<link>https://irannewsdaily.com/2018/12/free-huawei-cfo-or-face-consequences-china-tells-canada/</link>
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		<pubDate>Sun, 09 Dec 2018 14:58:39 +0000</pubDate>
				<category><![CDATA[international]]></category>
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		<category><![CDATA[Canada]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[huawei]]></category>
		<category><![CDATA[Huawei Technologies Co]]></category>
		<category><![CDATA[Justin Trudeau]]></category>
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					<description><![CDATA[<p>China warned Canada Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd&#8217;s chief financial officer, calling the case &#8220;extremely nasty.&#8221; Meng Wanzhou, Huawei&#8217;s global chief financial officer, was arrested in Canada on Dec. 1 and faces extradition to the United States, which alleges that she covered up [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2018/12/free-huawei-cfo-or-face-consequences-china-tells-canada/">Free Huawei CFO or Face Consequences, China Tells Canada</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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										<content:encoded><![CDATA[<h3 class="lead">China warned Canada Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd&#8217;s chief financial officer, calling the case &#8220;extremely nasty.&#8221;</h3>
<div class="story" data-readmoretitle="Read more">
<p>Meng Wanzhou, Huawei&#8217;s global chief financial officer, was arrested in Canada on Dec. 1 and faces extradition to the United States, which alleges that she covered up her company&#8217;s links to a firm that tried to sell equipment to Iran despite sanctions.</p>
<p>The executive is the daughter of the founder of Huawei.</p>
<p>If extradited to the United States, Meng would face charges of conspiracy to defraud multiple financial institutions, a Canadian court heard on Friday, with a maximum sentence of 30 years for each charge.</p>
<p>No decision was reached at the extradition hearing after nearly six hours of arguments and counter-arguments, and the hearing was adjourned until Monday.</p>
<p>In a short statement, China&#8217;s Foreign Ministry said that Vice Foreign Minister Le Yucheng had issued the warning to release Meng to Canada&#8217;s ambassador in Beijing, summoning him to lodge a &#8220;strong protest”, Reuters reported.</p>
<p>There was no immediate reaction from the office of Canadian Foreign Minister Chrystia Freeland on Saturday. When asked about the possible Chinese backlash after the arrest of Huawei&#8217;s CFO, Prime Minister Justin Trudeau told reporters on Friday that Canada has a very good relationship with Beijing.</p>
<p>Canada&#8217;s arrest of Meng at the request of the United States, while she was changing plane in Vancouver, was a serious breach of her lawful rights, Le said.</p>
<p>The move &#8220;ignored the law, was unreasonable&#8221; and was in its very nature &#8220;extremely nasty,&#8221; he added.</p>
<p>&#8220;China strongly urges the Canadian side to immediately release the detained person, and earnestly protect their lawful, legitimate rights, otherwise Canada must accept full responsibility for the serious consequences caused.&#8221;</p>
<p>The statement did not elaborate.</p>
<p>&#8220;There will probably be a deep freeze with the Chinese in high-level visits and exchanges,&#8221; David Mulroney, former Canadian ambassador to China, said on Friday.</p>
<p>Meng&#8217;s arrest was on the same day that US President Donald Trump met in Argentina with China&#8217;s Xi Jinping to look for ways to resolve an escalating trade war between the world&#8217;s two largest economies.</p>
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<p>The post <a rel="nofollow" href="https://irannewsdaily.com/2018/12/free-huawei-cfo-or-face-consequences-china-tells-canada/">Free Huawei CFO or Face Consequences, China Tells Canada</a> appeared first on <a rel="nofollow" href="https://irannewsdaily.com">Iran News Daily</a>.</p>
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