European Union should worry about Huawei, other Chinese firms, says official

European Union should worry about Huawei, other Chinese firms, says official

European Union should worry about Huawei, other Chinese firms, says official

Those findings led the U.S.to launch a movement called Five Eyes, made up of the United States, Canada, the U.K., New Zealand, and Australia to monitor the Huawei situation, with Japan and Germany following along at home.

At a Vancouver court hearing on Friday, the 46-year-old faced USA fraud accusations that Huawei used a sham shell company to sell equipment to Iran despitte United States sanctions, a Canadian prosecutor said.

Canadian prosecutor John Gibb-Carsley said that the telecoms giant used a subsidiary, Hong Kong-based firm Skycom, to do business with Iran, bypassing USA sanctions. In 2010, Skycom was caught attempting to smuggle embargoed cellphones into Iran, and in 2013 Meng allegedly lied to U.S. banks that she had no links to Skycom. Several of HSBC's risk committees relied, at least in part, on this presentation and continued servicing Huawei, according to court documents.

None of the allegations have been proven in court.

"Dave Lee of the BBC reported "[gasps] in the court" when it was announced that Meng could be hit with "multiple charges each with maximum penalty of 30 years in prison".

According to a CNN report, the United States is claiming that Meng "covered up" violations of sanctions on Iran.

In a statement earlier this week, Huawei said the company complies with all laws and regulations in the countries where it operates, including applicable export control, sanction laws and regulations of the United Nations, the United States and the European Union.

The latest flare-up with Huawei comes after Meng's arrest last Saturday, which experts say marks a tougher stance in Washington on dealing with Chinese tech firms, amid longstanding concerns over cyberespionage. That information was passed on to federal prosecutors in the Eastern District of NY, the Journal report said.

China has demanded her release, saying there has been no wrongdoing.




Meng appeared before a packed court room and spoke to her lawyers through a translator.

"As a permanent member of the UN Security Council, China has been faithfully and strictly implementing all the resolutions adopted by the Security Council", he said.

Meng's bio on the company website says she joined in 1993 and held various positions across the company, including director of global accounting and CFO of Huawei Hong Kong.

In an interview with Fox News, former prime minister Stephen Harper said Justin Trudeau should ban Huawei from Canada.

The arrest of Meng Wanzhou fuelled concerns about already fraught relations between Washington and Beijing and the future of the trade talks. Moreover, US authorities believe that Huawei's top managers began avoiding travel to the US around April 2017 after becoming aware of the US criminal probe.

That doesn't mean that China is likely to forget about Meng Wanzhou's December 1 arrest when they next come face-to-face with Canadian officials, he added.

"Yet Washington, in persuading and pressuring its allies to shun cooperation with Huawei, has helped erode that political trust", the English-language paper said.

Meng, who also goes by the first name Sabrina, is one of four deputy chairs listed on the Huawei website and one of three women to sit on the Huawei board.

The Trump administration has tightened regulations on high-tech exports to China and made it harder for Chinese firms to invest in USA companies or to buy American technology in cutting-edge areas like robotics, artificial intelligence and virtual reality.

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