Published: Thu, December 06, 2018
Markets | By Otis Pena

Huawei CFO arrested, faces extradition to U.S.

Huawei CFO arrested, faces extradition to U.S.

She is reportedly sought by the United States for breaking trade embargo with Iran.

The chief financial officer of Chinese tech and telecoms giant Huawei has been arrested in Canada at the request of U.S. authorities and faces extradition to the United States.

Ian McLeod, spokesperson for Canada's Justice Department, said on Wednesday the arrest took place in Vancouver on December 1.

McLeod said a publication ban had been imposed in the case and he could not provide further details.

The Wall Street Journal reported back in April, that the U.S. authorities have been probing the Chinese telecommunication giant at least since 2016 for allegedly circumventing the Iranian sanctions and supplying US-origin products to the Islamic Republic.

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Huawei issued a statement saying Meng was changing flights in Canada when she was detained "on behalf of the United States of America" to face "unspecified charges" in NY.

"The Chinese side has lodged stern representations with the USA and Canadian side, and urged them to immediately correct the wrongdoing and restore the personal freedom of Ms Meng Wanzhou".

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The arrest comes as the United States has brought a number of legal cases against Chinese technology firms, with accusations such as cyber-security theft and violations of USA sanctions against Iran.

Meng is the deputy chair of Huawei's board and is the daughter of company founder Zhengfei Ren, from his first marriage.

"The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng", the statement said.

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.

Canada, Australia and New Zealand were among the nations to ban the use of Huawei's equipment due to security concerns.

Huawei, the world's biggest network equipment maker ahead of Ericsson and Nokia, has said Beijing has no influence over its operations.

BT was also removing Huawei equipment from its existing 3G and 4G networks.

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