Huawei CFO Meng Wanzhou Granted Changes to Bail Conditions, Future Court Session

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The Justice Department unsealed criminal charges Monday against Chinese tech giant Huawei, two of its subsidiaries and a top executive, who are accused of misleading banks about the company's business and violating usa sanctions.

The executive charged is Huawei's chief financial officer, Meng Wanzhou, who was arrested in Canada last month.

The judge allowed Meng to restore realtor Robert Cheng and his wife as sureties.

Meng is out on bail in Vancouver and is due in court Tuesday as she awaits extradition proceedings.

Meng, the 46-year-old daughter of Huawei's billionaire founder, was detained on a provisional arrest warrant at the Vancouver airport December 1 before she could board a flight to Mexico after arriving from Hong Kong.

According to details of the indictment filled in Brooklyn, New York, Huawei is said to have operated under the cover of a Hong Kong shell company to illegally sell equipment to Iranian companies contrary to the U.S. sanctions on Iran.

The chief financial officer of Huawei, Meng Wanzhou, has made her first appearance in a Canadian court in more than a month, part of a high-stakes dispute that threatens to cast a pall over this week's US-China trade talks.

The Chinese titan, allegedly, used cash bonuses to encourage its own employees to steal information about T-Mob's smartphone-testing robot Tappy.

Huawei is the world's biggest supplier of network gear used by phone and internet companies and has always been seen as a front for spying by the Chinese military or security services.

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United States unseals indictments against China's Huawei and CFO Wanzhou
President Donald Trump said he would get involved in the Huawei case if it would help produce a trade agreement with China. US-China trade war: The unsealed indictment days before US-China trade talks were scheduled to resume in Washington .

"For some time, the United States has been using national power to tarnish and crack down on specific Chinese companies in an attempt to strangle their lawful and legitimate operations", China's Foreign Ministry Spokesperson Geng Shuang said on Tuesday.

The Canadian Minister of Justice has 30 days from the receipt of the extradition order to decide if Meng will face extradition proceedings.

US Commerce Secretary Wilbur Ross said the charges are "wholly separate" from the trade negotiations. Instead, the Department of Justice says Huawei conspired to steal intellectual property from T-Mobile, and could end up paying millions of dollars if found guilty. Meng is now on bail in Vancouver as she awaits extradition hearings by Canadian justice.

The officials provided details from a 10-count grand jury indictment in Seattle, and a separate 13-count case from prosecutors in the Eastern District of NY.

In Ottowa on Tuesday, justice minister David Lametti confirmed the United States had filed a formal extradition request with his department.

Huawei and Skycom are charged with bank fraud and conspiracy to commit bank fraud, wire fraud and conspiracy to commit wire fraud, violations of the International Emergency Economic Powers Act (IEEPA) and conspiracy to violate IEEPA, and conspiracy to commit money laundering. A separate indictment also accuses Huawei of wire fraud and obstruction of justice.

The second tranche of charges relate to the alleged theft of United States carrier T-Mobile's intellectual property.

A pair of indictments, which were partly unsealed on Monday, come amid a broad and aggressive campaign by the U.S. to try to thwart China's biggest telecom equipment maker.

The Chinese media has a word of caution for the single-party communist government in Beijing over Huawei crisis with the U.S.

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