Chinese telecom executive accused of fraud over Iran sanctions

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The company would not say why she faces extradition, but at Meng's bail hearing Friday, the Crown revealed she is wanted due to an investigation into fraud and violations against USA sanctions against Iran.

He says the charges Meng is facing in the US have to do with Huawei using an unofficial subsidiary to access the Iran market in dealings that would contravene USA sanctions.

The Crown says Meng is alleged to have said Huawei and Skycom were separate and she allegedly lied to an executive of an unnamed financial institution, which it asserts put the institution at risk.

'very strong signals' that China is ready for a trade deal
Calling the talks with the U.S. "The ultimate goal for the 90 days of talks is to remove all the increased tariffs", Gao said. China is fully confident that it can reach a trade deal with the US within the 90 days set for talks, Gao said.

The Attorney General opposed Meng's release on bail. Meng was arrested in Vancouver last Saturday and is being sought for extradition by the United States.

Huawei is the most prestigious tech company in China and was founded by Meng's father, Ren Zhengfei.

A previous publication ban on the case was lifted when the hearing began today.

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