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Huawei's CFO was arrested in Canada on suspicion of violating US trade sanctions

By Kenny Yeo - on 6 Dec 2018, 10:39am

Huawei's CFO was arrested in Canada on suspicion of violating US trade sanctions

According to reports, Huawei's Chief Financial Officer Meng Wangzhou has been arrested by Canadian authorities in Vancouver, Canada.

This was done at the request of US law enforcement authorities on suspicion that Meng broke US trade sanctions against Iran. Meng is now facing extradition to the US.

Meng is the daughter of Huawei founder Ren Zhengfei and is widely tipped to succeed his father when he decides to step down.

A Canadian Justice Department spokesperson has this to say:

Wanzhou Meng was arrested in Vancouver on December 1. She is sought for extradition by the United States, and a bail hearing has been set for Friday.

The Chinese government, understandably, is displeased and the Chinese embassy in Ottawa issued a strongly worded statement that says:

The Chinese side firmly opposes to and strongly protests over such kind of actions which seriously harmed the human rights of the victim. The Chinese side has lodged stern representations with the U.S. and Canadian side, urged them to immediately correct the wrongdoing and restore the personal liberty of Ms. Meng Wanzhou. We will closely follow the development of the issue and take all measures to resolutely protect the legitimate rights and interests of Chinese citizen.”

The US has been deeply suspicious about Huawei and in Febrary earlier this year issued a warning that US citizens should avoid using products and services made by and provided by Huawei.

ZTE was fined by the US government earlier this year to the tune of US$1.3 billion for violating trade sanctions and selling tech to Iran and North Korea.

It doesn't help that the US and China are embroiled in a longstanding trade war with no end in sight.

Source: The Globe and Mail

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