December 6, 2018

Toronto - Canadian authorities (click here) said Wednesday that they have arrested the chief financial officer of China's Huawei Technologies, who is facing extradition to the United States.

Justice Department spokesman Ian McLeod said Meng Wanzhou was detained in Vancouver, British Columbia, on Saturday. He said Meng is sought for extradition by the U.S.

McLeod said a publication ban had been imposed in the case and he could not provide any further details. The ban was sought by Meng, who has a bail hearing Friday, he said.

The Wall Street Journal reported earlier this year that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran....

December 6, 2018

New York — A federal jury (click here) convicted a Hong Kong businessman Wednesday of bribing the presidents of two African nations to secure oil rights for a Chinese energy conglomerate, a case that stretched from the halls of the United Nations and highlighted the often blurry line between nongovernmental organizations and private enterprise.

Dr. Chi Ping Patrick Ho was found guilty of seven of eight counts, including conspiracy, money laundering and violating the Foreign Corrupt Practices Act in a case that involved several former presidents of the United Nations General Assembly.

Ho's attorneys did not dispute that he made the payments, including $2 million secreted in gift boxes delivered to the president of Chad in 2014. But they insisted the transactions were charitable donations intended to foster goodwill in Chad and Uganda and expand the business of CEFC China Energy .

Ho, 69, showed little emotion after the verdict was announced. He addressed reporters briefly in Cantonese as he left the courtroom, saying the outcome had been "expected."...