Canada arrests Huawei CFO in Vancouver for extradition to the U.S.

Irving Hamilton
December 6, 2018

The chief financial officer of China-based global tech giant Huawei Technologies was arrested in Vancouver this week.

According to a statement obtained by the Richmond News from the Department of Justice Canada, Wanzhou Meng was arrested in Vancouver on December 1.

The Globe and Mail reported Wednesday that US authorities allege Meng attempted to evade the USA trade embargo with Iran, though StarMetro has not independently verified this claim. "The ban was sought by Ms. Meng", McLeod added.

United States authorities have been probing Huawei since at least 2016 for allegedly shopping US-origin products to Iran and other countries in violation of U.S. export and sanctions laws, sources told Reuters in April.

Meng Wanzhou, daughter of company founder Ren Zhenfei, and a vice chair of Huawei Technologies.

The arrest was made reportedly at the request of USA law enforcement officials.

He declined to say more about the case, citing a publication ban requested by Ms Meng and ordered by the courts. Meng...to face unspecified charges in the Eastern District of NY, when she was transferring flights in Canada.

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Reports of the high-profile arrest come after China issued an upbeat yet vague promise Wednesday to carry out a tariff cease-fire with Washington, giving little to no details that might dispel confusion about what Presidents Xi Jinping and Donald Trump agreed to during the G-20 Summit in Argentina.

Huawei's relationship with the USA just took a turn for the worse.

US authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.

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.

In 2012, the House of Representatives released a report warning Huawei poses a national security threat to the USA, and American companies and its government should avoid doing business with the company.

The US later replaced the ban with a fine and governance changes. BT still planned to use Huawei phone mast antennas and some other products.

According to CNBC, the United Kingdom has also blocked the tech giant from providing key equipment for the development of a 5G network by telecommunications firm BT.

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