Economy

CFO of China tech giant Huawei Technologies arrested in Vancouver

CFO of China tech giant Huawei Technologies arrested in Vancouver”

USA authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.

Canada has arrested Huawei's global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada's Department of Justice said on Wednesday (Dec 6).

He refused to provide any details on the circumstances of the Chinese executive's arrest, saying that she was "sought for extradition by the United States".

The report said the USA had been keeping a close eye on Huawei's alleged shipping of U.S. products to Iran and other countries in violation of sanction laws.

The daughter of Huawei's founder, and the firm's current deputy chair, has been arrested in Canada. "The ban was sought by Ms Meng".

The Chinese Embassy in Ottawa said her human rights were violated and demanded her immediate release.

"The Chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim".

The US Justice Department probe is being run out of the US attorney's office in Brooklyn, the sources said.

Meng Wanzhou's detention comes after American authorities reportedly launched an investigation into suspected Iran sanctions by Huawei, which was already under scrutiny by USA intelligence officials, who deemed the company a national security threat.

A foreign ministry spokeswoman, Hua Chunying, said then that China opposes any country imposing unilateral sanctions based on its own law.

In a statement, Huawei said it complied with "all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, US and EU".

Skycom was described by Huawei as one of its "major local partners", although the Chinese company said neither it nor Skycom ultimately provided the HP equipment. That is widely seen as part of a broader effort by Washington to respond to intensifying competition with Chinese technology industries that Trump says benefit from improper subsidies and market barriers.

Earlier this year, it barred U.S. companies from exporting to Chinese telecommunications firm ZTE over violations of the Iranian sanctions, effectively shutting down the firm.



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