Huawei CFO arrested in Canada, faces extradition to US

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The Justice Department says the chief financial officer of China's Huawei Technologies, who is sought for extradition by the United States, has been arrested in Vancouver.

A spokesman for Canada's justice department said Meng Wanzhou was arrested in Vancouver on December 1 and is sought for extradition by the U.S.

Huawei makes telecom equipment and personal electronics sold worldwide.

Huawei's head office was not immediately available for comment by late Wednesday, and its North America spokesman declined to comment on Meng's detention when contacted over the weekend.

The Wall Street Journal reported earlier this year that US authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.

Representatives of Huawei, one of the world's largest makers of telecommunications network equipment, told The New York Times: 'The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng'.

According to an official statement from a Canadian Justice Department spokesperson, the US government is seeking to extradite Meng from Canada to the United States.

"She is sought for extradition by the United States", he explained.

The spokesman added that Huawei complies with laws and regulations everywhere it operates.

Daily December E-mini S&P 500 Index
Daily December E-mini S&P 500 Index

The Chinese Embassy in Ottawa said her human rights were violated and demanded she be freed.

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

David Mulroney, a former Canadian ambassador to China, said US and Canadian business executives could face reprisals in China.

At this time, the department spokesperson can't share more details because Meng requested a publication ban.

According to The Wall Street Journal, since 2016, USA prosecutors have been examining whether Huawei broke U.S. trade embargoes to Iran.

U.S. national security officials have said Huawei poses a security risk due to its alleged close links to the Chinese government.

Huawei's CFO was arrested in Canada, according to a new report in The Wall Street Journal.

The country has already been warned by U.S. senators against the use of Huawei in its telecommunications networks. Its equipment is banned in the USA and Australia and in the United Kingdom it is rigorously tested by the Government at a guarded facility.

Canada is yet to take any action against the Chinese company's 5G technology.

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