Huawei Executive Faces 30 Years In Jail After 'Breaking Iran Sanctions'

A top executive of Huawei, is facing fraud charges relating to alleged sanctions-breaking dealings with Iran, a Canadian court has heard.

Details of the charges involving Meng Wanzhou, of the Chinese telecoms giant, were revealed when a publication ban was lifted by a judge in Vancouver.

Huawei CFO Wanzhou, 46, who is the daughter of the company founder, was arrested on Saturday, December 1 at the request of the United States.

The arrest, revealed by Canadian authorities late on Wednesday, was part of a U.S. 

investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran.

A judge on Friday lifted a publication ban Meng had secured that curbed the media's ability to report on the evidence or documents presented in court.

The news of Meng's arrest roiled global stock markets on fears the move could escalate a trade war between the United States and China after a truce was last week between President Donald Trump and China's leader Xi Jinping.