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No, a just response would exactly be to go after the people responsible (that is, the criminals), instead of a fine just paid by shareholders. Executives only f
by angry_octet 8y ago
No, a just response would exactly be to go after the people responsible (that is, the criminals), instead of a fine just paid by shareholders. Executives only fear personal consequences. But you are proposing retaliation against individuals who had no involvement in criminality.
There is only one basis to complain about Meng, which is the extra-territoriality of US sanctions law. But it isn't even about sanctions, it is about fraud committed by lying to lending banks. When executives set up structures to achieve deception they can't expect to escape consequences.
- writepub 8y agoThere are always people in high places doing criminal things on the behest of their employers/companies. Like I stated, the 2007 financial meltdown is a prime example. It's fairly obvious why this particular case is being aggressively pursued. FYI - Western execs probably break a ton of Chinese criminal laws, expect some arrests there if the West selectively chastises Chinese executives for bargaining chips.
- A2017U1 8y agoAre the US going to go after the European officials/ companies who are actively working to sidestep Iran sanctions right now? It's the exact same thing yet on a far larger scale. This whole case has nothing to do with enforcing sanctions. https://www.bloomberg.com/news/articles/2018-11-07/europe-accelerates-work-on-spv-to-counter-u-s-s-iran-sanctions https://www.bloomberg.com/news/articles/2018-11-07/europe-ac...