Wednesday, 19 December, 2018

Huawei CFO arrested in Canada for reportedly violating U.S. sanctions against Iran

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S. Canada arrests Huawei global CFO in Vancouver
| 06 December, 2018, 05:59

Meng was arrested in Vancouver on December 1, according to Canadian authorities.

Earlier this year, it barred U.S. companies from exporting to Chinese telecommunications firm ZTE over violations of the Iranian sanctions, effectively shutting down the firm.

Canadian authorities have arrested the chief financial officer of Chinese telecommunications giant Huawei Technologies in Vancouver, B.C.

Wanzhou, the deputy chair at the company and the daughter of Huawei founder Ren Zhengfei, was arrested on 1 December in Vancouver at the request of United States authorities.

According to an official statement from a Canadian Justice Department spokesperson, the USA government is seeking to extradite Meng from Canada to the United States.

"As there is a publication ban in effect, we can not provide any further detail at this time", McLeod said, adding, "The ban was sought by Ms. Meng".

Meng, who was transferring flights in Canada when she was "provisionally detained", faces "unspecified charges" in the Eastern District of New York, Huawei said.

The aim of the Justice Department's investigation is to prevent companies, such as Huawei and ZTE Corp. that may be answerable to the Chinese Communist Party, from gaining access into the US economy amid allegations of spying on its citizens.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.
CFO of China tech giant Huawei Technologies arrested in Vancouver

Huawei is one of the world's largest telecommunications equipment and services providers.

The Wall Street Journal reported earlier this year that USA authorities were investigating whether Huawei violated sanctions on Iran.

Meng, daughter of the founder of the massive company, is being held under a provisional arrest warrant issued under the Extradition Act.

Meng who also uses the first names Cathy and Sabrina, was a board member of a Huawei-linked company in Hong Kong, Skycom Tech.

It also produces consumer electronics and this year overtook Apple to become the second-largest manufacturer of smartphones in the world, behind Samsung Electronics.

USA authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran. Huawei has denied the links.

U.S. lawmakers have also repeatedly accused the company of being a threat to United States national security, arguing that its technology could be used for spying by the Chinese government. BT still planned to use Huawei phone mast antennas and some other products from Huawei, it said.

Huawei itself has been increasingly on the rocks with the U.S. for the past year. Its equipment is banned in the United States and Australia and in the UK it is rigorously tested by the Government at a guarded facility.


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