Huawei chief financial officer arrested in Vancouver - Telco/ISP - Finance - Security


Fellow Chinese technology giant ZTE had similarly been removed from the US trading blacklist at the start of previous year by the US Department of Commerce's Bureau of Industry and Security following the company's guilty plea to illegally exporting products to Iran.

The Globe and Mail reported Wednesday that USA authorities allege Meng attempted to evade the US trade embargo with Iran, though StarMetro has not independently verified this claim.

Wanzhou Meng, who is also the deputy chair of Huawei's board and the daughter of company founder Ren Zhengfei, was arrested in Vancouver at the request of USA authorities. According to Canadian government, Meng was arrested on December 1 by request of the United States, who is seeking to have her extradited.

The statement said Meng sought, and was granted, a publication ban which prevents the department from releasing further details about the arrest.

According to The Wall Street Journal, since 2016, U.S. prosecutors have been examining whether Huawei broke USA trade embargoes to Iran.

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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.

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Australia and New Zealand have already turned down Huawei's offer to supply 5G equipment to telecommunication companies, citing security risks.

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

The United States and Australian governments have long expressed concerns about the security implications of using telecommunications equipment from China.

Since at least 2016, US authorities have been reviewing Huawei's alleged shipping of USA -origin products to Iran and other countries in violation of US export and sanctions laws. This agreement remains in place today. "This is a normal and expected activity, which we understand and fully support", he said.

It has provided products and services in more than 170 countries and has more than 180,000 employees over the world.

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. "Everything is up in the air until we get some clarity".