Sunday, 16 December, 2018

Canada arrests Huawei CFO on request of U.S. authorities

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S. Canada arrests Huawei global CFO in Vancouver
Orlando Vargas | 06 December, 2018, 04:44

The chief financial officer for China's global tech giant, Huawei Technologies, has been arrested in Richmond and is facing extradition to the U.S. Huawei said it has received "very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng".

Meng, 41, was tipped by some mainland China media as a leading contender to succeed her father, Huawei's founder Ren Zhengfei to take the helm of the telecom giant.

In a statement, Huawei says Meng is being sought for extradition to face unspecified charges in the Eastern District of NY.

The U.S. Justice Department didn't immediately respond to a request seeking comment.

USA prosecutors in NY have been investigating whether Huawei violated US sanctions in relation to Iran.

The arrest comes amid a trade war between the U.S. and China.

Huawei - one of the world's largest telecommunications equipment and services providers - has been under tough scrutiny in the United States, where government national security officials say that its alleged close links to the Chinese government make it a security risk.

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

Like ZTE, Huawei relies in part on United States technology imports for its products, and per USA export regulations, those products are in turn prohibited from being exported to Iran and other restricted nations.

One of Huawei's top executives was arrested in Canada today, but the move was reportedly made at the request of the USA government. "The company believes the Canadian and US legal systems will ultimately reach a just conclusion", the statement said.

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

Huawei has recently been embroiled in reports of security concerns by western nations, who have recently become increasingly wary of what they say is possible Chinese government involvement in 5G mobile networks and other communications networks.

Although Huawei sought to distance itself from Skycom, investigative journalists found close connections between the two companies.

Huawei itself has been increasingly on the rocks with the USA for the past year.

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