Huawei founder's daughter and company CFO Meng Wanzhou arrested in Canada

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

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.

"She is sought for extradition by the United States, and a bail hearing has been set for Friday", Ian McLeod, a department spokesman, said in an email.

McLeod said a publication ban had been imposed in the case and he could not provide further details.

US prosecutors in NY have been investigating whether Huawei violated USA sanctions in relation to Iran.

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

Huawei, among the world's largest telecommunications equipment makers, has previously stated it abides by "all applicable laws and regulations where it operates, including the applicable export control and sanction laws and regulations of the UN, US and European Union".

In 2012, the House of Representatives released a report warning Huawei poses a national security threat to the USA, and American companies and its government should avoid doing business with the company.

In 2007, Ms. Meng served as a board secretary for a Huawei holding company that owned Skycom Tech, a Hong Kong-based company with business in Iran and employees who said they worked for "Huawei-Skycom", according to a person familiar with the matter.

Mark Warner want Canada to follow the US and Australia and block Huawei from supplying equipment that would connect Canadians to the high-speed mobile network known as 5G. "The ban was sought by Ms. Meng". It is not clear if Meng's arrest is connected to the USA probe into Huawei.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

David Mulroney, a former Canadian ambassador to China, said US and Canadian business executives could face reprisals in China.

The Chinese Embassy in Ottawa called for Meng's release.

The United States and Australian governments have long expressed concerns about the security implications of using telecommunications equipment from China.

BT is also removing Huawei equipment from the core of its existing 3G and 4G networks, the BBC reported.

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

US authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.

Huawei, for its part, has denied sharing information with the Chinese government, as has ZTE.

Huawei itself has been increasingly on the rocks with the United States for the past year.

Trump discusses 2nd DPRK summit with S. Korea's Moon
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