Huawei CFO Wanzhou Meng arrested in Vancouver

06 December, 2018, 05:59 | Author: Corey Lynch
  • Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

The chief financial officer of Chinese telecommunications giant Huawei has been arrested in Canada at the request of the USA over alleged Iran sanctions violations.

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

Mcleod refused to elaborate on the charges that Meng might face in the United States citing a publication ban, requested by Meng herself.

She now faces possible extradition to the U.S. This time around, however, the issue is not a potential national security risk, but rather accusations that CFO Wanzhou Meng violated U.S. sanctions regarding Iran.

Earlier this year, Reuters news agency reported that US prosecutors in NY were investigating whether Huawei violated American sanctions against Iran by shipping American-origin products to Iran in violation of USA export and sanctions laws.

ZTE is China's second-largest telecommunications equipment maker and relies on USA components for its smart phones and networking equipment.

She was arrested because she attempted to evade the trade embargo placed by the United States on Iran, The Globe and Mail reported, citing a Canadian source with knowledge of the arrest.

The company also said it was "not aware of any wrongdoing" by Meng.




The US Department of Justice is said to have been looking into Huawei's dealings with Iran for months now. "The ban was sought by Ms. Meng", continued the statement.

The statement added the embassy was closely following developments in the case and would "take all measures to resolutely protect the legitimate rights and interests of Chinese citizens".

The Wall Street Journal reported the United States government was trying to persuade companies in allied countries to avoid Huawei.

In May, the Pentagon banned the sale of Huawei phones on military bases.

Most recently, the U.K.'s BT said it plans to remove Huawei equipment from its core network.

Huawei, which sells telecommunications and computer electronics equipment, is the world's second largest maker of smartphones, behind South Korean giant Samsung.

Huawei's relationship with the US just took a turn for the worse. And perhaps more importantly, US officials have urged other countries to ban telecom companies from purchasing Huawei equipment. Huawei has denied the links.

Huawei overtook Apple earlier this year to move into the No. 2 spot, according to Business Insider.

Recommended:



Popular

Pregnant Meghan Markle makes unannounced appearance at college in London
Sources claimed Meghan was rude to Kate's staff, and Middleton made it clear to Markle that her behavior was "unacceptable". Especially since the idea of the Duchess of Sussex continuing her acting career doesn't sit well with royal officials.

US warplanes crash off Japan; 1 rescued, 6 missing
The USNI reported that five crew members were on board the tanker when it went down 200 miles off the Japanese coast. A series of emergency landings and parts falling from USA military aircraft have highlighted safety concerns.

A full schedule of George H.W. Bush’s memorial events, funeral
Another person told the Post that Bush "wouldn't want anyone there to feel uncomfortable, including the incumbent president'". Bush in the 2000 presidential election, eventually dropping out of the race and giving her endorsement to Bush.

Urban Meyer: 'I Believe I Will Not Coach Again'
He has three national championships on his resume, including one with OSU in 2014 and two with Florida in 2006 and 2008. Meyer is 82-9 at in seven seasons at Ohio State , with a 7-0 record against MI and three Big Ten titles.

Fed's grades slip in Wall Street's latest report card
Instead, officials suggested incorporating wording to emphasize a greater dependence on incoming data to govern future rate hikes. Since then, he and other Fed officials have sounded a bit more cautious, nodding to a slowdown in Europe, Japan and China.

China, US declare 90-day halt to new tariffs: White House - International
Trump said at the time that he would raise the issue of Chinese fentanyl making its way to the US with Xi as a top priority. The statement said that China agreed to start purchasing agricultural products from United States farmers "immediately".

No mad dogs at United and ‘simplicity is genius’, says Mourinho
The opener was the sixth time this season that United have conceded a goal in the first 15 minutes of a match. I mean. this pretty much sums it up so far for United. "And when he does that it's obviously another goal".

Controversy as Tyson Fury v Deontay Wilder title bout ends in draw
I went to Germany to fight [Wladimir] Klitschko, and I went to America to fight Deontay Wilder . ESPN.com scored it 114-112 for Wilder , who retained his belt for the eighth time .

Fulham - Premier League - 2 December 2018
Much of that surrounded David Luiz's woeful performance and N'Golo Kante's ineffectiveness against Spurs. I think we approached the match very well, so I am very happy with this, Sarri said.

North Korean soldier defects to South
The North Korean leader said he would visit Seoul "in the near future", during his third summit with Moon in September. A North Korean soldier defected to South Korea across the eastern land border on Saturday, the South's military said.