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

Meng Wanzhou of Huawei

Sabrina Meng in happier times

Canadian authorities have arrested the chief financial officer of Chinese telecommunications giant Huawei Technologies in Vancouver, B.C.

Meng, daughter of the founder of the massive company, is being held under a provisional arrest warrant issued under the Extradition Act.

The report states that Meng is accused of violating the current US trade embargo against Iran.

Huawei is playing a straight bat over Meng's arrest. She was detained while transferring between flights, the firm said.

"She is sought for extradition by the United States, and a bail hearing has been set for Friday", Justice Canada spokesperson Ian McLeod told the News via email. He added that the publication ban was sought by Meng.

Sources previously told Reuters that U.S. authorities had been investigating Huawei for allegedly shipping products to Iran in breach of USA sanctions.

USA lawmakers have also repeatedly accused the company of being a threat to United States national security, arguing that its technology could be used for spying by the Chinese government.

Meng "was arrested in Vancouver on December 1", a statement by Canada's ministry of justice said. "The company believes the Canadian and USA legal systems will ultimately reach a just conclusion".

Mark Warner want Canada to follow the USA and Australia and block Huawei from supplying equipment that would connect Canadians to the high-speed mobile network known as 5G.

"At the request of the U.S. side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law".

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

In August, U.S. president Donald Trump signed an act to ban the use of Huawei components or services that are "essential" or "critical" to the systems they are used. And perhaps more importantly, US officials have urged other countries to ban telecom companies from purchasing Huawei equipment.

One of Huawei's top executives was arrested in Canada today, but the move was reportedly made at the request of the U.S. government.

Huawei has repeatedly insisted Beijing has no influence over it.

Huawei makes telecom equipment and personal electronics sold worldwide.

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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