Published: Thu, December 06, 2018
Money | By Bruce West

Huawei CFO arrested in Canada for USA ‘for violating Iran sanctions’

Huawei CFO arrested in Canada for USA ‘for violating Iran sanctions’

Meng Wanzhou "was arrested in Vancouver on December 1", a statement said.

Justice Department spokesman Ian McLeod says in an email that Wanzhou Meng was arrested Saturday.

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

The report states that Meng is accused of violating the current USA trade embargo against Iran.

In April, the Wall Street Journal reported the U.S. Department of Justice was investigating whether Huawei violated U.S. sanctions against Iran.

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.

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

Meng, 46, has been the CFO of Huawei Technologies since 2011 and vice chair of the company since March 2018.

The federal Crown prosecutor handling the case declined to comment outside court on the reasons for Meng's arrest, referring questions to the federal Justice Department.

But Huawei said in a statement that it had been provided "very little information regarding the charges" and was not aware of any wrongdoing by Meng.

The Chinese Embassy in Ottawa said her human rights were violated and demanded her immediate release. "The company believes the Canadian and United States legal systems will ultimately reach a just conclusion".

The news of the arrest broke today.

The arrest comes as the United States has brought a number of legal cases against Chinese technology firms, with accusations such as cyber-security theft and violations of U.S. sanctions against Iran.

The report said existing Huawei equipment at the firm's current 3G and 4G networks would also be removed. Mark Warner conveyed "grave concerns" over the possibility that the Chinese government might be using Huawei equipment to spy on and interfere with foreign governments.

It also produces consumer electronics and this year overtook Apple to become the second-largest manufacturer of smartphones in the world, behind Samsung Electronics.

Huawei's relationship with the US just took a turn for the worse. BT still planned to use Huawei phone mast antennas and some other products from Huawei, it said. Huawei has denied the links.

Although Huawei sought to distance itself from Skycom, investigative journalists found close connections between the two companies.

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