Sunday, 16 Dec 2018
Category: Ren Zhengfei

Huawei CFO accused of fraud is granted $7.5M bail

The Canadian government has granted bail to Meng Wanzhou, Huawei’s chief financial officer, 10 days after her arrest in Vancouver. The decision concludes a three-day court hearing in which the judge and the public prosecutor debated whether Wanzhou would breach her bail conditions. Wanzhou, the daughter of Huawei founder Ren Zhengfei, has been accused of fraud with a […]

Huawei CFO, accused of fraud, faces up to 30 years in prison

At a bail hearing today, new details emerged surrounding Huawei chief financial officer Meng Wanzhou’s arrest in Vancouver, Canada over the weekend. The daughter of Huawei founder Ren Zhengfei is accused of fraud with a maximum penalty of 30 years in prison, according to journalists present at the hearing. The U.S. Department of Justice alleges Meng allowed […]

Chinese stocks plummet as Huawei CFO arrest raises trade fears

A string of Chinese stocks fell hard on Thursday after the arrest of Huawei’s chief financial officer Meng Wanzhou in Vancouver deepened concerns over US-China trade tensions. The Hang Seng China Enterprises Index of Chinese companies listed in Hong Kong was off 2.76 percent as of 12:40 p.m. On the Mainland side, the CSI 300 […]

Huawei CFO arrested in Canada, awaits US extradition

Meng Wanzhou, the chief financial officer of Huawei, the world’s largest telecom equipment manufacturer and second-largest smartphone maker, has been arrested in Vancouver, Canada on suspicion she violated U.S. trade sanctions against Iran, as first reported by The Globe and Mail. Huawei confirmed the news with TechCrunch, adding that Meng, the daughter of Huawei founder Ren Zhengfei, faces unspecified charges in the […]