Huawei's woes deepen with arrest of CFO and British snub

Virginia Carson
December 6, 2018

Canadian authorities have arrested the chief financial officer of Chinese telecommunications giant Huawei Technologies in Vancouver, B.C.

Meng is also deputy chairman of the board and the daughter of company founder Ren Zhengfei.

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

Skycom was described by Huawei as one of its "major local partners", although the Chinese company said neither it nor Skycom ultimately provided the HP equipment.

As a result, USA officials have worked to prevent US telecom companies from selling Huawei smartphones and installing Huawei equipment.

Back in April of this year, multiple reports described how United States authorities were investigating the possibility that Huawei had sold telecommunications equipment to Iran in violation of trade sanctions.

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McLeod noted that a bail hearing has been set for this Friday, but declined to offer any further details on the case, citing a publication ban that he said was requested by Meng.

She is being sought for extradition by the United States, he said.

Huawei added that it "complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, US and European Union".

In 2011, the American government stopped Huawei from purchasing US server technology company 3Leaf's assets, for national security reasons.

"The company believes the Canadian and USA legal systems will ultimately reach a just conclusion".

China's embassy in Canada said it resolutely opposed the arrest and called for Meng's immediate release.

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Huawei's CFO was arrested in Canada, according to a new report in The Wall Street Journal.

A USA judge last month issued an order finding that China's ZTE Corp violated probation imposed in March 2017 when the company pleaded guilty for conspiring to evade US sanctions by illegally shipping US goods and technology to Iran. It is not clear if Meng's arrest is connected to the U.S. probe into Huawei.

Last week, New Zealand's Government Communications Security Bureau (GCSB) rejected a proposal from Spark under which it would have used network access equipment from Huawei to build a 5G network, which it wants to have running in 2020.

It comes amid deepening suspicions of Huawei in the United Kingdom and elsewhere.

Canada is yet to take any action against the Chinese company's 5G technology.

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

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