Huawei’s CFO is being accused of fraud, and her main defense is a PowerPoint
After years of facing suspicion from US authorities, Huawei is now standing trial for fraud. Today, a bail hearing was held for Huawei’s chief financial officer, who was arrested in Canada on Saturday at the request of US law enforcement. The CFO, Meng Wanzhou, is facing extradition to the US for conspiring to defraud banking institutions, according to The Star Vancouver.
Many lined up to see Meng’s bail hearing today, after the extremely high-profile arrest that signified the first major break in a US probe that has mostly been kept from the public. Meng happens to be the daughter of Huawei’s founder and CEO Ren Zhengfei, a former People’s Liberation Army engineer whose connection to the Chinese Communist Party has contributed to the s...
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