Huawei CFO Freed On $10M Bail, Must Remain in Canada
Canada has released Meng Wanzhou, Huawei's CFO, after her lawyers convinced a judge to grant bail. Meng was arrested in Vancouver on December 1 at the behest of the U.S. Department of Justice. The U.S. alleges Meng has defrauded multinational banks concerning equipment sales to Iran, in violation of U.S. sanctions. Meng had to pay $10 million, turn in her passport, and agree to wear an ankle monitor in order to secure bail. She is also confined to her home during the overnight hours. While on bail, a Canadian judge will review the U.S. case against Meng to determine if it is strong enough to warrant extradition. If the case passes this examination, Canada's minister of justice would then have to agree with the extradition request before she could be handed to U.S. authorities. Meng is facing penalties of up to 30 years per charge. The arrest has further strained the tenuous relationship between China and the U.S. Later, President Trump said he might intervene in the case in order to ensure national security interests are upheld or to facilitate a trade agreement with China.
Dec 7, 2018
Huawei CFO Meng Wanzhou is facing extradition to the U.S. so she can face accusations that she hid connections with a company in order to sell sanctioned equipment to Iran.
Dec 6, 2018
Reuters today reports that the U.S. investigation into Huawei's potential violation of sanctions involves "an alleged scheme to use the global banking system to evade U.S.
Jul 19, 2018
The Justice Department has asked the D.C. Circuit Court of Appeals to prioritize its appeal against last month's decision regarding AT&T's acquisition of Time Warner.
Dec 5, 2018
The Wall Street Journal reports that Canadian authorities have arrested the CFO of Huawei — who is also the founder's daughter — at the request of U.S. authorities.
May 1, 2018
The Justice Department, during closing arguments of its case against the AT&T-Time Warner merger, suddenly suggested the judge weigh "alternative" remedies should he choose not to block the deal. The Justice Department has fought against the merger from the start, saying AT&T would use Time Warner's content as a weapon against consumers, raising prices and limiting competition.