Huawei chief financial officer arrested in Canada

06 December, 2018, 03:44 | Author: Brooke Harris
  • Huawei CFO Meng Wanzhou arrested in Canada says Canada's Justice Deptartment

"As there is a publication ban in effect, we can not provide any further detail at this time", department spokesperson Ian McLeod said in a statement to the newspaper.

"Wanzhou Meng was arrested in Vancouver on December 1", Ian McLeod, a Canadian Justice Department spokesman said in an emailed reply to questions.

We'll update you as this story continues.

Meng Wanzhou's detention comes after American authorities reportedly launched an investigation into suspected Iran sanctions by Huawei, which was already under scrutiny by USA intelligence officials, who deemed the company a national security threat.

Meng is now facing extradition to the United States.

USA prosecutors were investigating whether Huawei violated U.S. sanctions on Iran. "The ban was sought by Ms Meng".

He declined to say more about the case, citing a publication ban requested by Ms Meng and ordered by the courts.

A spokesman for the US Justice Department in the Eastern District of NY - which Huawei said had brought the charges - declined to comment.

The statement said that Meng was taken into custody when she was transferring flights in Canada.

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Asked whether that was a realistic proposition, he added that it was "possible", but that realistic was "maybe too strong a word". The following month it was hoped a deal could be agreed with businesswoman Amanda Staveley's PCP Capital Partners group.

The arrest is related to violations of USA sanctions, a person familiar with the matter said.

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

Canadian law enforcers have arrested a top executive at Chinese telecommunications equipment maker Huawei, heeding a request from the US.

USA authorities have suspected Huawei's alleged involvement in Iranian sanctions violations since at least 2016, when the US investigated ZTE Corp., Huawei's smaller Chinese rival, over similar violations.

The US imposed harsher sanctions on Iran earlier this year, as the Trump administration looked to restrict global business with the Iranian government.

In a brief announcement released today, Canada's Department of Justice has announced that it has arrested the Chief Financial Officer of Huawei, Meng Wanzhou.

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.

Both the United States and Australia have banned the company from participating in the construction of the 5G network because of security concerns, and Washington has been increasing pressure on Canada, Britain and New Zealand to join suit.

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. BT still planned to use Huawei phone mast antennas and some other products.

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