A Canadian court is considering the release of the financial director of Hwawi on bail
The financial manager of China's giant technology giant Huawei is being held in a Canadian court on Friday to look into her release on bail while awaiting the possibility of her being deported to the United States.
Meng Wan Chu, 46, the company's chief financial officer and the daughter of its founder, was arrested by Canadian police on December 1 at the request of the United States. Sources familiar with the investigation told Reuters that her detention, which was announced by Canadian authorities on Wednesday night, came as part of a US probe into allegations of planning to use the global banking system to circumvent US sanctions on Iran.
The arrest of the Chinese executive led to the turmoil of global stock markets, fearing that this would escalate the Sino-US trade war after a truce agreed by Chinese President Xi Jinping and his US counterpart Donald Trump in Argentina on Saturday.
Two US officials said on Thursday that Trump was not aware of the news in advance. The statement appeared to be an attempt to prevent talks on resolving the trade dispute from stumbling over the issue.
Few details remain in the case before the Supreme Court of the British Columbia District.
The Canadian Justice Department declined to give details of the case and Meng obtained a decision to ban publishing, limiting the ability of the media to cover the evidence or documents presented in court.
Huawei confirmed Meng was arrested and said on Wednesday that "the company has very little information on the charges and has no knowledge of any violation committed by Ms. Meng."
A company spokesman declined to comment on Thursday and said the statement on Wednesday was still in force.
Huawei, with an estimated 1,000 employees in Canada, has been heavily scrutinized in many Western countries for its relationship with the Chinese government. This is due to concerns that Beijing is exploiting it in espionage.
Reuters said in April that the United States was also considering since at least 2016 whether Huawei violated US sanctions on Iran.