Canada Arrests Huawei CFO at Request of U.S. Authorities

Huawei finance chief arrested in Canada, faces extradition to US over Iran sanctions – report

Wanzhou Meng, chief financial officer and deputy chairwoman of Huawei Technologies Co., has been arrested in Vancouver and is facing potential extradition to the U.S.as American authorities investigate the company for potential violations of Iran sanctions.

Since at least 2016, US authorities have been reviewing Huawei's alleged shipping of USA -origin products to Iran and other countries in violation of US export and sanctions laws. 'She is sought for extradition by the United States, and a bail hearing has been set for Friday'.

In January 2013, Reuters reported that a Hong Kong-based firm that attempted to sell embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator had much closer ties to China's Huawei Technologies than was previously known.

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The arrest was made reportedly at the request of USA law enforcement officials. "The company believes the Canadian and United States legal systems will ultimately reach a just conclusion", it said.

However, according to the Globe and Mail, she was arrested on suspicion she violated US trade sanctions against Iran.

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

The ministry added it could not provide further details due to a publication ban that was sought by Meng. HP said it prohibits the sale of its products to Iran.

As part of the sanctions, the USA halted the import of Iranian oil, cutting off a key source of revenue for the nation. Huawei has said neither it nor Skycom ultimately provided the HP equipment. In the case of ZTE, the matter was only finally settled after the company underwent an extensive restructuring, as the United States government has made it clear that it intends to strongly enforce its export regulations. On Wednesday, BT said it would remove the company's equipment from its networks within two years, after more than a decade using it.

"We will closely follow the development of the issue and take all measures to resolutely protect the legitimate rights and interests of Chinese citizens", the Chinese Embassy said.

Bowater said a proposed $400 million investment in New Zealand that Huawei announced after Ren met with former prime minister Bill English in Wellington in March 2017 was "up in the air".

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