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Canada arrests CFO of China's Huawei Technologies

06 December 2018

Wanzhou, the daughter of the technology giant's founder Ren Zhengfei, faces extradition to the USA on suspicion that the executive violated US sanctions targeting Iran.

She is being sought for extradition by the United States, he said. "The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng", he said.

The Globe and Mail reports that US law enforcement agencies allege Ms. Meng tried to evade USA trade embargoes against Iran.

Meng is the deputy chair of Huawei's board and is the daughter of company founder Zhengfei Ren, from his first marriage.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.
CFO of China tech giant Huawei Technologies arrested in Vancouver

Officials for the US Justice Department did not immediately respond to a request for comment.

He declined to say more about the case, citing a publication ban requested by Ms Meng and ordered by the courts.

The report states that Meng is accused of violating the current USA trade embargo against Iran. Meng adopted her mother's surname.

U.S. officials have been investigated Huawei over alleged violations of the country's sanctions on Iran and are seeking to extradite Meng.

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The arrest is related to violations of U.S. sanctions, a person familiar with the matter said.

Earlier this year, two US senators wrote to Prime Minister Justin Trudeau warning him that doing business with the Chinese telecom giant would open Canada up to a huge security risk.

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.

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

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Britain's BT Group said on Wednesday it was removing Huawei Technologies' equipment from the core of its existing 3G and 4G mobile operations and would not use the Chinese company in central parts of the new network.

Canada, Australia and New Zealand were among the nations to ban the use of Huawei's equipment due to security concerns.

Trump has threatened to raise tariffs on Chinese goods in response to complaints that Beijing improperly pressures foreign companies to hand over technology.

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Canada arrests CFO of China's Huawei Technologies