Wednesday, 19 December, 2018

Huawei's global chief financial officer arrested in Vancouver

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Nellie Chapman | 06 December, 2018, 03:45

The arrest was confirmed in a statement to The Globe and Mail by the US Justice Department, with a bail hearing set to take place this Friday.

"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.

Justice Department spokesman Ian McLeod said Wednesday that Meng Wanzhou was arrested in Vancouver, British Columbia, on Saturday.

We'll update you as this story continues.

The Globe and Mail reported earlier Wednesday that she was arrested on suspicion of violating US trade sanctions on Iran.

Huawei issued a statement saying Meng was changing flights in Canada when she was detained "on behalf of the United States of America" to face "unspecified charges" in NY.

Meanwhile unconfirmed reports surfaced in April that the United States was investigating Huawei for possibly violating Iran export bans, a scenario that got fellow Chinese firm ZTE into significant trouble earlier this year. "The ban was being sought by Ms. Meng".

"At the request of the USA side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law", a statement from the Chinese embassy in Canada said. Meng...to face unspecified charges in the Eastern District of NY, when she was transferring flights in Canada.

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".

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Reuters quoted Huawei, the world's largest maker of telecommunications network equipment and the number three smartphone supplier, as saying that it complies with all applicable laws and regulations where it operates.

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

The U.S. government has been concerned about Huawei for years because of uncertainty over its relationship with the Chinese government.

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

Canada, Australia and New Zealand were among the nations to ban the use of Huawei's equipment due to security concerns.

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.

One of Huawei's top executives was arrested in Canada today, but the move was reportedly made at the request of the USA government.

The news comes the same day Britain's BT Group said it was removing Huawei's equipment from the core of its existing 3G and 4G mobile operations and would not use the Chinese company in central parts of the next network.

The decision was because of the technology, not because it was a Chinese company, said Andrew Little, Minister Responsible for the GCSB.