Thursday, 06 December 2018 10:19

Canada arrests Huawei CFO over alleged US sanctions busting

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Canada arrests Huawei CFO over alleged US sanctions busting Pixabay

The chief financial officer of Chinese telecommunications firm Huawei Technologies has been arrested in Vancouver and is facing extradition to the US over alleged violation of US trade sanctions against Iran.

The Globe and Mail reported that the arrest of Wanzhou Meng was at the request of American authorities.

Meng is the deputy chairperson of Huawei's board and the daughter of the company's founder, Ren Zhengfei.

News of the US Justice Department probe into whether Huawei has violated sanctions on Iran was reported by The Wall Street Journal in April.

At that time, it was reported that there was no indication how far along the probe had progressed, nor what specific charges were being investigated.

A Canadian Justice Department spokesman Ian McLeod was quoted in the report as saying: "“Wanzhou Meng was arrested in Vancouver on 1 December. She is sought for extradition by the United States, and a bail hearing has been set for Friday.

“As there is a publication ban in effect, we cannot provide any further detail at this time. The ban was sought by Ms Meng."

The report quoted an unnamed source as saying the US was alleging that Meng tried to evade the US trade embargo against Iran.

Earlier this year, the US Department of Commerce slapped a seven-year ban on another big Chinese telco equipment maker, ZTE, claiming that the company had made false statements during talks in 2016 over a charge of shipping telco equipment to Iran and North Korea.

ZTE shut down its main business activities in the US on 9 May.

But following the intervention of US President Donald Trump, a deal was worked out for ZTE to return to business by paying a fine of US$1 billion, changing its management team and depositing US$400 million in an escrow account against possible future transgressions.

iTWire has contacted Huawei for comment.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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