Huawei CFO is arrested in Canada over Iran links

Cornelia Mascio
Dicembre 6, 2018

A source familiar with Justice Department procedures said it is unlikely the US attorneys would have acted without consulting other agencies in pursuing the global arrest.

The News understands that an arrest was made at or near Vancouver Airport on Saturday. A bail hearing has been set for Friday, a department spokesman told the newspaper.

'As there is a publication ban in effect, we can not provide any further detail at this time.

However, the arrest drew a swift response from China, which said it "firmly opposes and strongly protests" the move, adding it had urged Canada and the United States to "immediately correct the wrongdoing".

The shock arrest of Meng Wanzhou, who is also Huawei Technologies Co Ltd's chief financial officer, is riling authorities in Beijing and raises fresh doubts over a 90-day truce on trade struck between Presidents Donald Trump and Xi Jinping on the day she was detained.

"Wanzhou Meng was arrested in Vancouver on December 1".

Meng's arrest and detention have only amplified the already-tense state of U.S.

Meng was arrested while transferring between flights, according to a statement provided to CRN by Huawei. Beijing had "lodged stern representations with the USA and Canadian side, and urged them to immediately correct the wrongdoing and restore the personal freedom of Ms. Meng Wanzhou". Canadian authorities for their part are not providing any details beyond the arrest, and various US news organizations have been unable to get a comment from US Department of Justice officials. It has overtaken Sweden's Ericsson and Finland's Nokia to be the world's largest telecoms equipment maker by revenue.

He has since been proved right with revenue projected to hit 655.9 billion yuan (US$102.2 billion) this year, a jump of 9.3% compared to 2017. Though Ren owns only around 1.4 percent of the shares, employees say he has supreme leadership within the company, frequently communicating to staff scattered throughout the world via internal memos. It has offices in 60 countries, including one in Burnaby.

"This headline is quite significant as the USA government is attempting to persuade allies to stop using Huawei equipment due to security fears", said Stephen Innes, head of Asia-Pacific trade at OANDA.

In a response, ZTE denied the charges while Huawei insisted it "posed no greater cybersecurity risk than any ICT [Information and Communications Technology] vendor".

That means the USA has less leverage over Huawei than over ZTE and some other Chinese companies.

Huawei, the biggest global supplier of network gear used by phone and internet companies, has been the target of deepening US security concerns.

In May, the Pentagon banned the sale of Huawei phones on military bases. New Zealand followed suit in November, but said the issue was a technological one.

In 2012, the Australian government banned Huawei from bidding for NBN, Australia's broadband access network, for national security reasons.

Over the summer, Australia also barred Huawei from providing 5G technology for wireless networks in the country over espionage fears.

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