Huawei Chief Financial Officer arrested in Canada – 12/5/2018 – Market



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Huawei's chief financial officer, Chinese telecom giant Meng Wanzhou, was arrested Saturday (1) in Canada at the request of the United States, authorities said Wednesday. The Globe and Mail reported that the executive had been arrested in Vancouver, where she would be extradited to the United States on suspicion of violating Iran 's sanctions on her life. Iran.

The United States imposes restrictions on the country "terrorist groups."

Meng Wanzhou is a member of the board of directors of the company and is the daughter of Ren Zhengfei, founder of the company.

This year, the Trump government has launched a campaign with other countries, such as Germany, Italy and Japan, to limit the performance of the Chinese giant. In addition to Iran, the company is still under investigation for violating US trade controls in Cuba, Sudan, and Syria.

Huawei is the world's second largest maker of smartphones and the market leader in network equipment. It is threatened by the United States for alleged violation of security issues. Congress has clbadified it as a threat to national security.

Washington fears Huawei's hardware will serve as spy to Chinese government

In a statement, Huawei confirmed Meng's arrest and confirmed that the company has received little information about the case. "We are not aware of any illegal behavior of Meng The company believes that the legal systems of Canada and the United States will reach a fair conclusion."

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