Canada arrests Huawei CFO on request of U.S. authorities
Canada arrests Huawei CFO on request of U.S. authorities
Canada arrests Huawei global CFO in Vancouver
06 December, 2018, 03:43
The chief financial officer of Huawei has been arrested in Canada - reportedly in relation to sanctions-busting in Iran rather than any concerns about espionage by the Chinese telecommunications equipment giant.
A bail hearing for Wanzhou Meng, who is also Huawei's deputy chairwoman of the board, has been set for Friday, Justice Department spokesperson Ian McLeod said in a statement Wednesday.
"The company believes the Canadian and US legal systems will ultimately reach a just conclusion", the statement said.
As there is a publication ban in effect, which was requested by Meng, the department declined to provide any further detail of the extradition. "The ban was sought by Ms. Meng", McLeod added.
The report said the USA had been keeping a close eye on Huawei's alleged shipping of U.S. products to Iran and other countries in violation of sanction laws.
"The Chinese side has lodged stern representations with the United States and Canadian side, and urged them to immediately correct the wrongdoing and restore the personal freedom of Ms Meng Wanzhou". "The ban was being sought by Ms. Meng".
Ms. Meng's arrest comes amid a year-long US government campaign against a company it views as a national-security threat. She was detained while transferring between flights, the firm said.
"The company believes the Canadian and USA legal systems will ultimately reach a just conclusion".
"Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the United Nations, U.S. and European Union".
The US imposed harsher sanctions on Iran earlier this year, as the Trump administration looked to restrict worldwide business with the Iranian government.
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