Published: Thu, December 06, 2018
Economy | By

Huawei's chief financial officer arrested in Canada

Huawei's chief financial officer arrested in Canada

She will have a bail hearing on Friday, he said.

The ministry added it could not provide further details due to a publication ban that was sought by Meng.

Ian McLeod, a spokesman for the justice department, refused to say why Meng, who is also the deputy chair of the board of Huawei, is being sought for extradition.

We'll update you as this story continues.

USA media have reported that the United States is investigating Huawei for potential violations of U.S. sanctions against Iran.

Meng is now facing extradition to the United States.

Meanwhile unconfirmed reports surfaced in April that the U.S. was investigating Huawei for possibly violating Iran export bans, a scenario that got fellow Chinese firm ZTE into significant trouble earlier this year.

A spokesperson from the federal Justice Department said the chief financial officer of Huawei Technologies was arrested. Meng adopted her mother's surname.


Asked about the report that Huawei was under investigation, Hua said in April, "We hope the USA will refrain from taking actions that could further undermine investor confidence in the USA business environment and harm its domestic economy and normal, open, transparent and win-win global trade".

Separately, the BBC reported that United Kingdom telco BT will not use Huawei's equipment in its 5G mobile network. "The company believes the Canadian and USA legal system will ultimately reach a just conclusion".

The arrest comes as the U.S. has brought a number of legal cases against Chinese technology firms, with accusations such as cyber-security theft and violations of USA sanctions against Iran.

Several months after Donald Trump signed a bill into law preventing US government agencies from buying certain products from the Chinese electronics manufacturer, Huawei's CFO has been arrested in Canada.

BT was also removing Huawei equipment from its existing 3G and 4G networks.

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

GCSB Minister Andrew Little said the decision to turn down the overseas network provider was because the technology was too risky - not because the company is Chinese.

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