"Dave Lee of the BBC reported "[gasps] in the court" when it was announced that Meng could be hit with "multiple charges each with maximum penalty of 30 years in prison". This is also believed to have helped Huawei "circumvent U.S. sanctions by telling financial institutions that a Huawei subsidiary was a separate company".
Chinese Foreign ministry spokesman Geng Shuang said on Friday that neither Canada nor the USA had provided China any evidence that Meng had broken any law in those two countries, and reiterated Beijing's demand that she be released.
SkyCom employees used Huawei email addresses and bank records linked the two companies together, and SkyCom was used to engage in business deals with sanctioned countries, including with Iranian telecom companies, the court heard.
Huawei, which has confirmed Meng was arrested, said on Wednesday that "the company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng".
"You can rely on her personal dignity", he said, adding that to breach a court order "would be to humiliate and embarrass her father, who she loves".
Washington and Beijing have exchanged steep tariffs on more than $300 billion in total two-way trade, locking them in a conflict that has begun to eat into profits.
Meng was arrested in Vancouver on Saturday en route to Mexico from Hong Kong.
Her appearance at the British Columbia Supreme Court in Vancouver is a prelude to an extradition process that could take months.
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On Friday, Beijing nevertheless alleged that Meng, known internally as the "princess" of Huawei and possible heir to the throne, had become a pawn in the dispute.
"Obviously, Washington is resorting to a despicable rogue's approach as it can not stop Huawei's 5G advance in the market", it went on.
Meng's lawyer, David Martin, said: "The fact a person has worked hard and has extraordinary resources can not be a factor that would exclude them from bail". All security costs would be borne by her.
US National Security Adviser John Bolton also chimed in on the case, claiming that his country has had "enormous concerns for years" about "the practice... of Chinese firms to use stolen American intellectual property".
The Canadian Extradition Act requires that in order for a person to be extradited, the individual must be facing charges for an offence deemed criminal in both Canada and the country seeking the extradition request. While a judge has lifted a publication ban that prevented the media from reporting on the evidence presented in court, Canada's Justice Department has been secretive about all aspects of this case.
In an interview with Fox News, former prime minister Stephen Harper said Justin Trudeau should ban Huawei from Canada.
China, meanwhile, has officially demanded Meng's release.
"[Huawei] is essentially under the control of the Chinese government", former chief of the Canadian Security Intelligence Service Ward Elcock told CBC.