Huawei CFO Wanzhou Meng Arrested In Canada

Daniel Fowler
December 6, 2018

Canadian officials in Vancouver arrested Huawei CFO Wanzhou Meng at the request of United States authorities on Dec 1 for violations of sanctions against Iran.

Meng Wanzhou, also known as Sabrina Meng, is not only Huawei's chief financial officer and deputy chairwoman, she is also the daughter of Ren Zhengfei, founder of the Chinese telecoms giant.

She was detained by the Canadian authorities in Vancouver on Dec 1 while in transit and is facing an extradition request from the United States.

The statement said Meng sought, and was granted, a publication ban which prevents the department from releasing further details about the arrest. Huawei added that it was "not aware of any wrongdoing by Ms. Meng". She now faces extradition to the USA, as, according to Huawei, she's been chared in the Eastern District of NY. It appears that the arrest is likely in connection to an ongoing U.S. investigation into Huawei allegedly violating global sanctions against Iran and North Korea.

'The ban was sought by Ms. Meng'.

Huawei Technologies, launched in 1987 in Shenzhen China, has been the largest telecommunication equipment producer in the world since 2012.

Canadian authorities arrested the chief financial officer of China's Huawei Technologies on Wednesday for possible extradition to the U.S.

The ZTE case showed China's leaders that they needed to become independent from the USA when it comes to critical technologies like semiconductors and network infrastructure, according to Graham Webster, coordinating editor of DigiChina at the Washington-based think tank New America. In October, the US said Belgium extradited a Chinese intelligence official accused of stealing trade secrets from USA companies - an unprecedented development.

Huawei, the world's biggest network equipment maker ahead of Ericsson and Nokia, has said Beijing has no influence over its operations.

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"If the upcoming data on Friday shows some weakness, markets will face a major challenge", he added.

"What makes Huawei important is that it is a leader in developing technologies that will make China less dependent on USA or European suppliers", he said.

The Wall Street Journal reported earlier this year that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.

While another Chinese tech company, ZTE, fell foul of the United States sanction regime, "no arrest was made back then", Yip added, reflecting the seriousness of the Huawei saga.

Founded in China more than 30 years ago, Huawei's revenue in 2018 exceeded $100billion for the first time in its history, according to CNBC.

"Washington is attempting to damage Huawei's worldwide reputation and taking aim at the tech giant's global market in the name of law", the editorial stated.

American lawmakers have claimed, without evidence, that Huawei passed sensitive information collected by its equipment to the Chinese government.

Huawei has repeatedly denied the insinuation and says it's owned by Ren and its own employees.

Earlier this year, six top USA intelligence chiefs voiced their concerns about Huawei phones to the Senate Intelligence Committee, with FBI Director Christopher Wray saying he was "deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don't share our values to gain positions of power inside our telecommunications networks".

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