Huawei CFO arrested in Canada, awaits US extradition

Meng Wanzhou, the chief monetary officer of Huawei, the world’s largest telecom gear producer and second-largest smartphone maker, has been arrested in Vancouver, Canada on suspicion she violated U.S. commerce sanctions in opposition to Iran, as first reported by The Globe and Mail. We’ve reached out to Huawei to substantiate the information. Per The Globe and Mail, Meng, the corporate’s deputy chairwoman, was arrested on December 1; a bail listening to has already been set for Friday. Meng is the daughter of Huawei founder Ren Zhengfei . She joined Huawei in 1993. Tensions between U.S. authorities and Huawei have been excessive since 2016 and have taken a flip for the more severe because the U.S.-China commerce struggle has heated up. Citing nationwide safety issues, President Donald Trump in August signed a invoice that might ban authorities companies from utilizing services from Huawei and its Chinese language competitor ZTE. In the meantime, in a latest letter addressed to Canadian Prime Minister Justin Trudeau, U.S. lawmakers have inspired Canada to maintain Huawei out of its 5G plans. China leaves Huawei founder off honor roll marking 40 years of financial success