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

Huawei CFO arrested in Canada for reportedly violating USA sanctions against Iran

Huawei CFO arrested in Canada for reportedly violating USA sanctions against Iran

The News understands that an arrest was made at or near Vancouver Airport on Saturday.

At this time, the department spokesperson can't share more details because Meng requested a publication ban.

The case has echoes of the much-publicised probe into ZTE, China's second-biggest telecoms manufacturer, which was subjected to its own sanctions after the US government determined that it had first attempted to trade illegally with Iran and North Korea, and then subsequently failed to follow through on remedies imposed by the US Department of Commerce. Ms. Meng, the daughter of Huawei's founder, Ren Zhengfei, serves as the company's CFO and deputy chairwoman.

"She is sought for extradition by the United States", he explained. Meng...to face unspecified charges in the Eastern District of NY, when she was transferring flights in Canada.

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

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

The Wall Street Journal reported in April that U.S. authorities had opened an investigation into suspected violations of Iran sanctions by Huawei.

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Canadian law enforcers have arrested a top executive at Chinese telecommunications equipment maker Huawei, heeding a request from the US. It has offices in 60 countries, including one in Burnaby.

U.S. officials have been investigated Huawei over alleged violations of the country's sanctions on Iran and are seeking to extradite Meng. Huawei has denied the links.

In 2011, the American government stopped Huawei from purchasing US server technology company 3Leaf's assets, for national security reasons.

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.

New Zealand is part of the "Five Eyes" security alliance, which also includes the US, Britain, Canada and Australia.

In 2012, the Australian government banned Huawei from bidding for NBN, Australia's broadband access network, for national security reasons.

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

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