China has warned Canada it will face severe consequences unless it releases Huawei Technologies’ chief financial officer Meng Wanzhou, who faces extradition to the U.S. after being arrested in the country last week.
Meng, 46, was taken into custody on Saturday, Dec. 1, 2018, on behalf of the U.S., while she was transferring flights in Vancouver, the tech company said. She’s accused of trying to evade U.S. sanctions on Iran. She is the daughter of Huawei founder Ren Zhengfei, a former Chinese military engineer worth $3.2 billion, according to Forbes magazine.
During her bail hearing on Friday, a prosecutor for the Canadian government said U.S. charges against her have to do with Huawei using an unofficial subsidiary to access the Iran market in dealings that would contravene U.S. sanctions. The prosecutor said she is accused of fraud.
If extradited to the U.S., she could face charges of “conspiracy to defraud multiple financial institutions,” which holds a “maximum sentence of 30 years for each charge,” Reuters reported.