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CFO for Huawei Technologies arrested in Vancouver, sought for extradition

06 December, 2018, 06:00 | Author: Kristi Dunn
  • Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

Chinese telecom equipment giant Huawei's Chief Financial Officer Sabrina Meng Wanzhou has been detained by Canadian authorities at the request of the U.S. government, reportedly on suspicion that she violated USA trade sanctions with Iran.

So far, Huawei has not yet commented on the arrest of Meng, who is also the daughter of Huawei's founder, Ren Zhengfei.

Meng Wanzhou, who is the daughter of company founder Ren Zhengfei, has been detained in Vancouver in relation to suspected violations by Huawei of United States sanctions placed on Iran.

China demanded her immediate release, and a former Canadian envoy to China warned the case might lead to retaliation by the Chinese against American and Canadian executives.

A U.S. Justice Department spokesman declined to comment.

Meanwhile unconfirmed reports surfaced in April that the United States was investigating Huawei for possibly violating Iran export bans, a scenario that got fellow Chinese firm ZTE into significant trouble earlier this year. "The ban was sought by Ms. Meng", McLeod said.

He said Meng is sought for extradition by the United States.

"While we lifted the ban on ZTE, the department will remain vigilant as we closely monitor ZTE's actions to ensure compliance with all U.S. laws and regulations", Commerce Secretary Wilbur Ross said at the time.

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Huawei's Meng Wanzhou was arrested in Vancouver while transferring flights, according to the publication.

The statement added the embassy was closely following developments in the case and would "take all measures to resolutely protect the legitimate rights and interests of Chinese citizens". The company previously said that it complies with all applicable laws everywhere it operates, "including the applicable export control and sanction laws and regulations of the UN, US, and European Union".

"The company believes the Canadian and US legal systems will ultimately reach a just conclusion".

Earlier this year, two US senators wrote to Prime Minister Justin Trudeau warning him that doing business with the Chinese telecom giant would open Canada up to a huge security risk. Mark Warner conveyed "grave concerns" over the possibility that the Chinese government might be using Huawei equipment to spy on and interfere with foreign governments.

News of the probe broke in April 2018 when it was reported by the Wall Street Journal.

Mulroney said Canada should be prepared for "sustained fury" from the Chinese and said it will be portrayed in China as Canada kowtowing to Trump.

In August, U.S. president Donald Trump signed an act to ban the use of Huawei components or services that are "essential" or "critical" to the systems they are used.

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