VANCOUVER: Chinese telecom giant Huawei’s chief financial officer, arrested in Canada, faces US fraud charges for allegedly lying to banks about the use of a covert subsidiary to sell to Iran in breach of sanctions, a bail hearing heard on Friday (Dec 7). Meng Wanzhou is accused of “conspiracy to defraud multiple financial institutions” and if convicted faces more than 30 years in prison, a Canadian government lawyer said, in asking the court to deny her bail request. The lawyer said that Meng had personally denied to American bankers any direct connections between Huawei and SkyCom, when in fact “SkyCom is Huawei.” SkyCom’s alleged sanctions breaches occurred from 2009 to 2014. He suggested that Meng has shown a pattern of avoiding the United States since becoming aware of the investigation into the matter, has no ties to Canada and has access to vast wealth and connections — and thus poses a flight risk. Meng was arrested in Vancouver on December 1 while transferring planes on a trip from Hong Kong to Mexico, at the request of US authorities seeking her extradition.