Huawei CFO arrested, faces extradition to U.S.

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The chief financial officer and deputy chairwoman of Huawei has been arrested in Canada - and could face extradition to the United States on charges of violating trade sanctions against Iran.

"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.

McLeod says as there is a publication ban in effect and he could not provide any further details.

Meng is the deputy chair of Huawei's board and is the daughter of company founder Zhengfei Ren, from his first marriage. Meng...to face unspecified charges in the Eastern District of NY, when she was transferring flights in Canada.

Huawei CFO Meng Wanzhou was arrested in Vancouver on Dec1, according to Canadian authorities.

USA authorities have suspected Huawei's alleged involvement in Iranian sanctions violations since at least 2016, when the US investigated ZTE Corp., Huawei's smaller Chinese rival, over similar violations.

Earlier this year, it barred U.S. companies from exporting to Chinese telecommunications firm ZTE over violations of the Iranian sanctions, effectively shutting down the firm.

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

A Huawei spokesman said Wednesday that Ms. Meng was arrested while transferring flights in Canada. "The company believes the Canadian and US legal system will ultimately reach a just conclusion".

Huawei makes telecom equipment and personal electronics sold worldwide.

The arrest could drive a wedge between China and the United States just days after President Donald Trump and President Xi Jinping held a meeting in Argentina where they agreed to steps to resolve a brewing trade war.

The US later replaced the ban with a fine and governance changes. Mark Warner conveyed "grave concerns" over the possibility that the Chinese government might be using Huawei equipment to spy on and interfere with foreign governments.

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.

Canada is yet to take any action against the Chinese company's 5G technology.

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