Senior Huawei executive arrested in Canada

Senior Huawei executive arrested in Canada

Meng is also deputy chairman of the board and the daughter of company founder Ren Zhengfei.

Meng, 46, has been the CFO of Huawei Technologies since 2011 and vice chair of the company since March 2018. Meng adopted her mother's surname.

A clerk at the B.C. Supreme Court said Meng appeared in court on Wednesday and a bail hearing is scheduled for Friday. "The ban was being sought by Ms. Meng".

Wanzhou Meng was arrested in Vancouver on Saturday, it emerged on Wednesday night. "The company believes the Canadian and USA legal systems will ultimately reach a just conclusion".

As a result, USA officials have worked to prevent US telecom companies from selling Huawei smartphones and installing Huawei equipment. It is not clear if Meng's arrest is connected to the United States probe into Huawei.

Reports appeared in April 2018 that federal prosecutors in NY had an open probe into whether Huawei had violated USA restrictions against Iran.

The Globe and Mail reported the arrest was in relation to sanctions-busting in Iran - rather than any concerns about espionage by the Chinese firm - which has annual revenues of US$93 billion (NZ$135b) and 180,000 employees and is deeply embedded with many New Zealand telcos.

The US later replaced the ban with a fine and governance changes.

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

Several months after Donald Trump signed a bill into law preventing USA government agencies from buying certain products from the Chinese electronics manufacturer, Huawei's CFO has been arrested in Canada.

Huawei Technologies, launched in 1987 in Shenzhen China, has been the largest telecommunication equipment producer in the world since 2012.

Although Huawei sought to distance itself from Skycom, investigative journalists found close connections between the two companies.

Mr Little won't reveal what significant national security risks Huawei poses saying the information was classified.

According to CNBC, the United Kingdom has also blocked the tech giant from providing key equipment for the development of a 5G network by telecommunications firm BT.

Trump has threatened to raise tariffs on Chinese goods in response to complaints that Beijing improperly pressures foreign companies to hand over technology.

Huawei itself has been increasingly on the rocks with the United States for the past year.

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