Huawei's global chief financial officer arrested in Canada

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Huawei's global chief financial officer arrested in Canada

Huawei global chief executive Meng Wanzhou arrested in Canada, heeding a request from the US. She is apparently looked for by the US for breaking trade embargo with Iran.

The arrest of Meng Wanzhou, Huawei's CFO and board deputy chair, has been confirmed by the Canadian authorities. The woman was apprehended on Saturday and is awaiting the bail hearing scheduled for Friday,  Canada's Department of Justice spokesman Ian McLeod revealed to The Globe and Mail. 

He declined to provide any details on the conditions of the Chinese executive’s arrest, saying that she was “sought for extradition by the United States.”

Mcleod refused to elaborate on the charges that Meng may face in the US citing a publication ban, requested by Meng herself.

The Wall Street Journal revealed back in April, that the US authorities have been examining the Chinese telecommunication giant since no less than 2016 for allegedly circumventing Iranian sanctions and supplying US-origin products to the Islamic Republic.

The US Justice, Commerce and Treasury departments have so far refused to unveil any data on the reported criminal investigation into Huawei, or even affirm its existence. As per the WSJ, the organization was served subpoenas by the Commerce Department and the Treasury Department's Office of Foreign Assets Control as part of the investigation. 


The Chinese organization has likewise refrained from remarking on its legal woes in the US, that can additionally break down its standing on western markets. 

The US' crackdown on the Chinese firm, which is the world's leading telecommunication equipment provider, was exacerbated by the looming introduction  of 5G wireless networks. Washington allegedly fears that the Chinese government may utilize Huawei's technical edge to spy on and disrupt communications. 

Washington's strategy seems to be paying off, with New Zealand blocking its top telecommunications firm from utilizing Huawei equipment for its 5G network citing “significant national security risks.”

Australia prohibited Huawei from its 5G network over the summer, with the nation's spy chief voicing similar concerns over foreign entities hijacking the networks critical for healthcare, energy and other systems.

Huawei denies it is controlled by Beijing, and is blaming the US for unfair competition.

China has decried the capture of Meng, asking the US and Canada to "quickly correct the wrongdoing and reestablish the personal freedom” of the Huawei executive.

The Chinese embassy in Canada issued an statement, saying that Bejiing “stongly protests over such kind of activities" “seriously harmed the human rights of the victim.” The embassy  says the  arrest was ridiculous since Meng was "not violating any American or Canadian law.”