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Canada arrests CFO of China's Huawei Technologies

06 December 2018
Canada arrests CFO of China's Huawei Technologies

Huawei CFO Meng Wanzhou was arrested in Vancouver on Dec1, according to Canadian authorities. The company previously said that it complies with all applicable laws everywhere it operates, "including the applicable export control and sanction laws and regulations of the UN, US, and European Union". "The ban was sought by Ms. Meng", McLeod said. "The company believes the Canadian and USA legal systems will ultimately reach a just conclusion", the statement said.

Justice Department spokesman Ian McLeod said Wednesday that Meng Wanzhou was arrested in Vancouver, British Columbia, on Saturday. A bail hearing has been set for Friday, a department spokesman told the newspaper.

He declined to say more about the case, citing a publication ban requested by Ms Meng and ordered by the courts. HP said it prohibits the sale of its products to Iran.

The Justice Department probe, first reported by the Wall Street Journal in April, follows a series of US actions aimed at stopping or reducing access by Huawei and Chinese smartphone maker ZTE Corp to the USA economy amid allegations the companies could be using their technology to spy on Americans.

BT is also removing Huawei equipment from the core of its existing 3G and 4G networks, the BBC reported.

New Zealand and Australia have stopped telecom operators from using Huawei's equipment in new 5G networks because they are concerned about possible Chinese government involvement in their communications infrastructure.

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

It is understood a National Intelligence Law passed by China previous year that obliges Chinese citizens and companies anywhere in the world to cooperate with its security services was one reason for the block.

"Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the United Nations, U.S. and European Union".

"We will closely follow the development of the issue and take all measures to resolutely protect the legitimate rights and interests of Chinese citizens", the Chinese Embassy said. This agreement remains in place today.

We'll update you as this story continues.

Huawei was founded by Ren Zhengfei, a former member of China's People's Liberation Army, and has been consistently met with suspicion in the West.