Slashdot Mirror
Huawei's CFO Is Being Accused of Fraud, and Her Main Defense Is a PowerPoint (theverge.com)
"Today, a bail hearing was held for Huawei's chief financial officer, who was arrested in Canada on Saturday at the request of U.S. law enforcement," reports The Verge. "The CFO, Meng Wanzhou, is facing extradition to the U.S. for conspiring to defraud banking institutions, according to the Star Vancouver." The Verge reports that her main defense is "a PowerPoint presentation that Meng had once given to explain to a bank in Hong Kong that Huawei had not violated any U.S. sanctions." From the report: Many lined up to see Meng's bail hearing today, after the extremely high-profile arrest that signified the first major break in a U.S. probe that has mostly been kept from the public. The U.S. has an arrest warrant out for Meng that was issued by a New York court on August 22nd. It has 60 days from the time of Meng's arrest on Saturday to provide Canadian courts with evidence and intent.
Meng served on the board for a Hong Kong-based company called Skycom, which allegedly did business with Iran between 2009 and 2014. U.S. banks worked with Huawei at this time, so Iran sanctions were violated indirectly, and Meng therefore committed fraud against these banks. Skycom reportedly had connections to Huawei and at the bail hearing today, Gibb-Carsley argued that Skycom was an unofficial subsidiary of Huawei's, using the same company logo. "Huawei is SkyCom," he said, "This is the crux, I say, of the alleged fraud." The hearing also examined whether Meng would be a flight risk if she was granted the $1 million bail, part of the argument Gibb-Carsley was pushing. "Defense lawyer Martin responded by explaining the Chinese emphasis on saving face, and how Meng wouldn't want her father and Huawei to look bad. Even more than that, 'she would not embarrass China itself,' Martin said."
Meng served on the board for a Hong Kong-based company called Skycom, which allegedly did business with Iran between 2009 and 2014. U.S. banks worked with Huawei at this time, so Iran sanctions were violated indirectly, and Meng therefore committed fraud against these banks. Skycom reportedly had connections to Huawei and at the bail hearing today, Gibb-Carsley argued that Skycom was an unofficial subsidiary of Huawei's, using the same company logo. "Huawei is SkyCom," he said, "This is the crux, I say, of the alleged fraud." The hearing also examined whether Meng would be a flight risk if she was granted the $1 million bail, part of the argument Gibb-Carsley was pushing. "Defense lawyer Martin responded by explaining the Chinese emphasis on saving face, and how Meng wouldn't want her father and Huawei to look bad. Even more than that, 'she would not embarrass China itself,' Martin said."
When no proof of her offence had been shown?
How could anyone prove innocence absence any evidence of a crime?
So now In America you have to prove you had NOT committed any crime, rather than the prosecution proving that you had committed a crime?
This is a kidnapping followed by a witch-hunt trial.
Welcome to America, the land of kidnapping. This is no different from Somali pirates taking hostages for ransom.
From the original article linked from the summary:
As there is a publication ban in effect, we cannot provide any further detail at this time. The ban was sought by Ms. Meng.
There is proof, and SHE blocked us from seeing it so it must be super bad.
Guilty.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
As someone who lives in Canada, I'd like to apologize for Canada helping the US to enforce its imperialistic policies. People of the world have to understand that we Canadians do not have any kind of backbone. The only thing we can do is to submit and then to apologize, exactly like I'm doing.
Again, I'm sorry.
As I understand it, a US court has ordered the arrest and extradition of a Chinese corporation's CFO on charges of fraud.
Does that mean that Chinese, European and other countries' courts will now be able to arrest and extradite the American executives responsible for the 2008 crash? Between them they caused trillions of dollars of losses worldwide, not a penny of which they paid themselves. Governments had to milk their taxpayers for said trillions in order to "make good" the balance sheets and reserves of supposedly system-critical banks and other financial institutions.
This was the biggest fraud in the history of the world, yet how many executives have been indicted in the USA? https://radiofreethinker.files...
Zero.
“Ron Suskind’s Confidence Men reported that on March 27 2009, just two months after taking office, [Obama] invited the executives of thirteen leading Wall Street institutions to the White House. After listening to their arguments for why banks had to go on paying bonuses (ostensibly to get the best talent to manage their money), Obama told them: ‘Be careful how you make those statements, gentlemen. The public isn’t buying that’. He explained that only he could provide them with the political shield needed to forestall public pressure for reform, not to mention prosecution of financial fraud. ‘My administration is the only thing between you and the pitchforks’”.
- Michael Hudson, "Killing the Host", page 253
I am sure that there are many other solipsists out there.