Meng Wanzhou lied about links between telecoms giant and shell company, Vancouver court hears as bail arguments continue.

A senior Chinese telecoms executive committed fraud when she lied about links between Huawei and a shell company used to sell telecommunications equipment to Iran in breach of US sanctions, Canadian prosecutors have told a Vancouver court.

Meng Wanzhou, Huawei’s chief financial officer, appeared in court on Friday as she sought bail in a case that has sparked a major international dispute between China and the US. After more than five hours of debate, the court has not yet decided if Meng will be granted bail as she fights an extradition order to the US. The closely-watched hearing will resume on Monday morning.

Crown prosecutors allege Meng – the daughter of Huawei’s founder – engaged in “conspiracy to defraud multiple financial institutions” in 2013 when she attempted to convince bankers that Huawei and a former Hong Kong subsidiary SkyCom were wholly separate entities.

Original News: www.theguardian.com

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