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

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

Canadian law enforcement has arrested Wanzhou Meng, Huawei's global chief financial officer, on the suspicion that she violated US trade sanctions against Iran, according to a Globe and Mail report.

The Canadian Justice Department arrested Wanzhou Meng in Vancouver on Saturday and USA officials want Canada to extradite her, agency representative Ian McLeod said in an email sent to Business Insider.

He refused to provide any details on the circumstances of the Chinese executive's arrest, saying that she was "sought for extradition by the United States".

"As there is a publication ban in effect, we can not provide any further detail at this time", McLeod said.

Outside of the arrest itself, very little information about the case is being released at this time, in large part because a publication ban that was requested by Meng.

The company's website also lists Meng as its deputy chairwoman and The Associated Press reports that she is the daughter of company founder Ren Zhengfei.

Huawei CFO Meng Wanzhou was arrested in Vancouver on Dec1, according to Canadian authorities.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.
CFO of China tech giant Huawei Technologies arrested in Vancouver

Back in April of this year, multiple reports described how USA authorities were investigating the possibility that Huawei had sold telecommunications equipment to Iran in violation of trade sanctions. She is reportedly sought by the U.S. for breaking trade embargo with Iran.

The US has also been investigating the alleged shipping of US-made products to Iran and other countries by Huawei since 2016, an activity that would violate US sanctions laws.

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

Meng Wanzhou "was arrested in Vancouver on December 1", a statement said. "The company believes the Canadian and U.S. legal systems will ultimately reach a just conclusion", it said.

Huawei is one of China's most prominent technology companies - a huge telecommunications firm, and the world's second-biggest smartphone manufacturer.

"While we lifted the ban on ZTE, the department will remain vigilant as we closely monitor ZTE's actions to ensure compliance with all U.S. laws and regulations", Commerce Secretary Wilbur Ross said at the time. USA officials have argued that the company's equipment could create a backdoor into US telecom networks for Chinese spies.

In July, Huawei wrote to the US Federal Communications Commission (FCC) arguing that the nation should not miss out on its market-leading technology, and pointed out that its exclusion would drive up consumer costs for mobile services.

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