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China calls on Canada to release Huawei CFO or face consequences

BEIJING (Reuters) – China warned Canada on Saturday that there would be serious consequences if it did not directly release…

BEIJING (Reuters) – China warned Canada on Saturday that there would be serious consequences if it did not directly release Huawei Technologies Co Ltd’s [HWT.UL] financial manager called the “extremely nasty” case.

PHOTO PHOTO: Meng Wanzhou, board director of Chinese giant Huawei technology, attending a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia, October 2, 201

4. REUTERS / Alexander Bibik

Meng Wanzhou, Huawei’s global chief financial officer, was arrested in Canada on December 1, applying for extradition to the United States, claiming that she covered the company’s links to a company that tried to sell equipment to Iran despite sanctions.

Executive is also the daughter of the founder of Huawei.

In case of extradition to the United States, Meng would face charges of conspiracy in order to betray several financial institutions, a Canadian court heard the Friday with a maximum penalty of 30 years for each fee.

No opinion was obtained at the extradition inquiry after almost six hours of argument and opposition, and the hearing was suspended until Monday.

The Chinese Ministry of Foreign Affairs said in a short statement that Deputy Foreign Minister Le Yucheng had issued the warning to release Meng to Canada’s ambassador to Beijing and called him to file a “strong protest”.

Canada’s arrest of Meng at the request of the United States while exchanging aircraft in Vancouver was a serious breach of her legal rights, Le said.

Moved “the law was ignored, was unreasonable” and was by nature “extremely nasty,” he added.

“China strongly urges the Canadian side to immediately release the detainee and protect its legitimate, legitimate rights seriously. Otherwise, Canada must take full responsibility for the serious consequences that are caused.”

The statement was not prepared.

Meng’s arrest was the same day that US President Donald Trump met with China’s Xi Jinping in Argentina to look for ways to resolve an escalating trade war between the world’s two largest economies.

The news of her arrest has cheered stock markets and condemned the Chinese authorities, although Trump and his highest financial advisor have played down their importance for talking with talks after the two leaders agreed on armed violence.

A spokesman from Huawei said Friday that the company has “every confidence that the Canadian and American legal systems will reach the right conclusion.” The company has stated that it complies with all applicable export controls and sanctions and other regulations.

Reporting by Ben Blanchard; Editing Alexander Smith

Our Standards: Thomson Reuters Trust Principles.

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