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.
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.
Oct 1, 2018
California Governor Jerry Brown signed legislation on Sunday that made net neutrality the law, but the state was quickly sued by the U.S. Department of Justice.
Jan 28, 2019
The US government is pursuing a criminal case against Huawei for stealing the design for — as well as actual parts and software from — a unique phone-testing robot developed by T-Mobile USA. The gov't alleges that Huawei offered bonuses for employees to steal such trade secrets, and obstructed justice in a related civil case.