Huawei's chief financial officer arrested in Canada

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

Meng "was arrested in Vancouver on December 1", a statement by Canada's ministry of justice said.

The ministry added it could not provide further details due to a publication ban that was sought by Meng.

Since at least 2016, US authorities have been reviewing Huawei's alleged shipping of USA -origin products to Iran and other countries in violation of US export and sanctions laws.

The federal Crown prosecutor handling the case declined to comment outside court on the reasons for Meng's arrest, referring questions to the federal Justice Department.

In 2013, Reuters said that Meng served on the board of Skycom Tech, a Hong Kong-based firm that attempted to sell embargoed computer equipment to Iran's Mobile Telecommunication Co, in violation of trade sanctions.

A Huawei spokesman said Wednesday that Ms. Meng was arrested while transferring flights in Canada.

"Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the United Nations, U.S. and European Union".

Asked about the report that Huawei was under investigation, Hua said in April, "We hope the USA will refrain from taking actions that could further undermine investor confidence in the USA business environment and harm its domestic economy and normal, open, transparent and win-win global trade".

Earlier this year, two USA 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.

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.

The US later replaced the ban with a fine and governance changes.

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.

Wanzhou Meng, Huawei's chief financial officer, was reportedly arrested in Canada on Saturday.

This November, New Zealand's government banned its major telecommunications company Spark from using Huawei's equipment, which is described to "have a serious national security risk".

GCSB Minister Andrew Little said the decision to turn down the overseas network provider was because the technology was too risky - not because the company is Chinese.

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