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U.S. Plans to Charge Arrested Huawei CFO with Fraud

HeadlineDec 10, 2018

In Canada, prosecutors have confirmed that Meng Wanzhou, chief financial officer of Chinese tech giant Huawei, was arrested in connection with possible U.S. fraud charges linked to Iran sanctions. Meng was arrested in Vancouver on December 1 after a U.S. arrest warrant was issued in August; she now faces extradition to the United States. Meng, who is also the daughter of the founder of Huawei, is accused of using a subsidiary, Skycom, to mislead financial institutions and to try to import U.S.-made technology to Iran in violation of U.S. sanctions. China has called for Meng’s release and summoned the U.S. and Canadian ambassadors over the weekend.

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