Huawei's woes deepen with arrest of CFO and British snub

Huawei's woes deepen with arrest of CFO and British snub

Canadian authorities in Vancouver have arrested Huawei Technologies Co.'s chief financial officer at the request of the USA government for alleged violations of Iranian sanctions, the latest move by Washington to crack down on the Chinese cellular-technology giant.

The ministry added it could not provide further details due to a publication ban that was sought by Meng.

"The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms Meng (Wanzhou)", it said.

Meng Wanzhou is reportedly the CFO and deputy chairwoman of Huawei-as well as the daughter of Ren Zhengfei, Huawei's founder.

A Canadian source with knowledge of the arrest said US law enforcement authorities are alleging that Ms. Meng tried to evade the USA trade embargo against Iran but provided no further details.

The US Department of Justice is said to have been looking into Huawei's dealings with Iran for months now.

The Wall Street Journal notes that US authorities want to bring Meng to federal court in the Eastern District of NY.

The arrest, while notable, did not come out of the blue.

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China's Huawei-the world's largest supplier of wireless networking equipment-has played a starring role in the brewing trade war between the United States and China.

The Huawei statement said Meng, who also has gone by the English names Cathy and Sabrina, was detained when she was transferring flights in Canada.

The Wall Street Journal reported the USA government was trying to persuade companies in allied countries to avoid Huawei. "The company believes the Canadian and USA legal systems will ultimately reach a just conclusion", the statement said.

United States officials have been investigated Huawei over alleged violations of the country's sanctions on Iran and are seeking to extradite Meng.

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

Huawei has recently been embroiled in reports of security concerns by western nations, who have recently become increasingly wary of what they say is possible Chinese government involvement in 5G mobile networks and other communications networks.

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

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