Huawei CFO arrested in Vancouver as U.S. seeks her extradition

Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

Canada arrests Huawei global CFO in Vancouver

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

Canada on Saturday arrested Meng Wanzhou, Huawei's global chief financial officer, in Vancouver, where she is facing extradition to the US on suspicion she violated USA sanctions against Iran, the Globe and Mail newspaper reported on Wednesday.

Both The Global And Mail and South China Morning Post previously reported that Meng had been arrested on suspicion of violating the US's trade sanctions on Iran.

Huawei said it had little information about the charges and was "not aware of any wrongdoing by Ms Meng". "The company believes the Canadian and USA legal systems will ultimately reach a just conclusion", the statement said.

The probe is reportedly being run out of the US attorney's office in Brooklyn, the sources said.

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

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Vigneault's speech comes shortly after three members Five Eyes intelligence-sharing alliance - New Zealand, Australia, U.S. - opted to ban carriers in their jurisdictions from purchasing telecommunications equipment from Huawei.

Huawei has not responded to Global News' request for comment. American prosecutors are seeking to have her moved to the USA as it investigates whether the company broke trade sanctions against Iran.

US prosecutors in NY have been investigating whether Huawei violated USA sanctions in relation to Iran.

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

Meng is also deputy chairman of the board and the daughter of company founder Ren Zhengfei.

The statement added the embassy was closely following developments in the case and would "take all measures to resolutely protect the legitimate rights and interests of Chinese citizens". Earlier this year, Huawei's rival ZTE Corp. was slapped with a ban on buying US -made equipment over similar accusations.

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

In May, the Pentagon banned the sale of Huawei phones on military bases.

As part of a new deal to lift the ban, ZTE agreed to pay $1 billion in fines, replace its entire board of directors and senior management, and to have a compliance team assembled by the U.S. Commerce Department embedded in its operations.

At least 13 pages of the Skycom proposal were marked "Huawei confidential" and carried Huawei's logo.

Founded in China more than 30 years ago, Huawei's revenue in 2018 exceeded $100billion for the first time in its history, according to CNBC.

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