Huawei CFO faces fraud accusations from US in Canadian bail hearing

Discussion in 'Industry News' started by Calliers, Dec 8, 2018.

  1. Calliers

    Calliers HH's MC Staff Member

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    Chinese tech manufacturer Huawei's chief financial officer is facing fraud charges in the United States and faces up to 30 years in prison if found guilty, according to the New York Times. Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, is accused of "conspiracy to defraud multiple financial institutions" including breaking American sanctions on Iran. She was arrested in Canada earlier this week and faces extradition to the US.
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    Source: engadget
     

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