China telecoms giant Huawei CFO arrested in Canada

(UTV|COLOMBO) – Canada has arrested Chinese telecoms giant 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. The arrest is related to violations of US sanctions, a person familiar with the matter said. Reuters was unable to determine the precise nature of the violations.

Sources told in April that US authorities have been probing Huawei, one of the world’s largest makers of telecommunications network equipment, since at least 2016 for allegedly shipping US-origin products to Iran and other countries in violation of US export and sanctions laws. Meng Wanzhou, who is one of the vice chairs on the company’s board and the daughter of company founder Ren Zhengfei, was arrested on December 1 and a court hearing has been set for Friday, a Canadian Justice Department spokesman said.

 

 

 

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