Huawei CFO arrested in Canada, says justice ministry

06 December, 2018, 03:42 | Author: Eric Barnett
  • US stocks slumped at the start of US trading following European and Asian shares lower as concern resurfaced that trade tensions between the world’s two largest economies are far from resolved

She will face a bail hearing on Friday, the spokesman for Canada's Department of Justice said.

The ministry added it could not provide further details due to a publication ban that was sought by Meng, who is the daughter of Huawei founder Ren Zhengfei, a former Chinese People's Liberation Army engineer.

Wanzhou Meng, the deputy chair of the Chinese telecommunications giant, was arrested in Vancouver on 1 December, a spokesman for Canada's Department of Justice said.

We'll update you as this story continues.

In April, China appealed to Washington to avoid damaging business confidence following the Wall Street Journal report that US authorities were investigating whether Huawei violated sanctions on Iran amid spiraling technology tensions.

USA authorities have been probing Huawei's alleged shipping of American-origin products to Iran in violation of US export and sanctions laws, sources told Reuters in April.

"The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng. The ban was being sought by Ms. Meng".


The arrest was made reportedly at the request of US law enforcement officials. Meng adopted her mother's surname.

The arrest comes amid a trade war between the United States and China.

"The company believes the Canadian and US legal systems will ultimately reach a just conclusion".

"Huawei complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the United Nations, U.S. and European Union". "Americans are grateful that our Canadian partners have arrested the Chief Financial Officer of a giant Chinese telecom company for breaking US sanctions against Iran".

Wanzhou Meng, Huawei's chief financial officer, was reportedly arrested in Canada on Saturday.

BT was also removing Huawei equipment from its existing 3G and 4G networks.

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.

Recommended:



Popular

S. Korea’s Moon still hopes to host Kim this year
Moon said he and Trump agreed during their meeting that Kim's trip to Seoul would play a "very positive role" in US-North Korea nuclear diplomacy.

Sports Direct boss Mike Ashley eyes imminent sale of Newcastle United
He added that any potential buyer must be able to provide transfer funds. Newcastle take on Everton in the Premier League on Wednesday evening.

Sensitive internal Facebook documents published by UK Parliament
Damian Collins MP, the chair of the parliamentary committee involved, highlighted several "key issues" in an introductory note. Facebook is accused of using this data to assess "not just how many people had downloaded apps, but how often they used them".

DNA 'fingerprint' brings prospect of fast test for cancer
They add that the team is developing the test so that it could be used for screening of cancers especially in early stages. The new method from the University of Queensland looks for differences in the genetic code of cancerous and healthy cells.

Apple AirPods 2 may release in early 2019 and feature wireless charging
Apple's wireless charging mat AirPower may have become a distant dream, but that is unlikely to be the case for its AirPods. Kuo, however, has not confirmed what exactly "wireless charging support" means in its note obtained by Apple Insider .

Decaying body found outside Costa Rica Airbnb where Florida woman went missing
Espinoza said, "The body was in a state of decomposition but the preliminary observation does verify the body is a woman". Carlos Caicedo, Carla's father, had his blood drawn Tuesday to help determine whether the body belonged to his daughter.

Gautam Gambhir bids emotional adieu to cricket
Former Indian batsman Gautam Gambhir on Tuesday took to social media to announce his retirement from all cricket . The historic series win in New Zealand and the CB series in Australia will be reflected upon fondly.

Dukakis Credits George H.W. Bush With Helping To End Cold War
On Sunday, Bush spokesman Jim McGrath posted a picture of Sully lying by Bush's flag-draped casket, which quickly went viral. The United States Postal Service will suspend regular mail deliveries, retail services and administrative office activity.

Giuliani's Twitter typo used to abuse President Trump
Giuliani suggested without evidence that Twitter may have been involved in linking his tweet to the apparent anti-Trump website. The G-20 reference inadvertently created a URL , which was promptly purchased and redirected to a site that says: " Donald J.

Offset Responds To Cardi B Split Video With Blunt Comment
Although this is not the first time the rap couple are splitting, Cardi B made it clear that a divorce is imminent. She concluded: 'I'm going to always have a lot of love for him because he is my daughter's father, and. yeah'.