Friday, 14 December, 2018

Huawei CFO arrested for violating USA sanctions on Iran: Canadian media

Huawei CFO Meng Wanzhou arrested in Canada says Canada's Justice Deptartment Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.
Lloyd Bates | 06 December, 2018, 06:57

Reuters quoted Huawei, the world's largest maker of telecommunications network equipment and the number three smartphone supplier, as saying that it complies with all applicable laws and regulations where it operates.

Meng who also uses the first names Cathy and Sabrina, was a board member of a Huawei-linked company in Hong Kong, Skycom Tech.

Its ambitions range from artificial intelligence and chipmaking to fifth-generation wireless.

Huawei NZ deputy managing director Andrew Bowater says $400m NZ investment is "up in the air". It is "5G standards that are at the heart of the wider IP debate and why the US and her allies are now doing everything they can to cut to the heart of the Chinese technology IP revolution".

The investigation is being run out of the U.S. Attorney's Office in Brooklyn, according to The Globe and Mail.

"The company believes the Canadian and US legal systems will ultimately reach a just conclusion". A spokeswoman for Canadian Prime Minister Justin Trudeau referred questions to the country's justice department. On Wednesday, BT said it would remove the company's equipment from its networks within two years, after more than a decade using it.

In a statement to Fortune, a Huawei spokesperson confirmed that Meng was detained, and said that she "faces unspecified charges in the Eastern District of NY".

Huawei confirmed the arrest in a statement and said that it has been provided little information of the charges against Meng, adding that it was "not aware of any wrongdoing by Ms Meng".

"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, " he said.

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U.S. Senator Ben Sasse praised the action and said that it was "for breaking U.S. sanctions against Iran".

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

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

The sales sanctions on Huawei and others emerged following 2016 concerns that the companies had the ability to install back doors in their equipment that would allow them to monitor users in the U.S. Huawei has denied those allegations.

The report said existing Huawei equipment at the firm's current 3G and 4G networks would also be removed.

In 2012, the House of Representatives released a report warning Huawei poses a national security threat to the US, and American companies and its government should avoid doing business with the company.

The probation violation cited by the judge involves the same conduct the U.S. Department of Commerce penalized in April by imposing a ban on U.S. companies selling goods to ZTE.

A US judge last month issued an order finding that China's ZTE Corp violated probation imposed in March 2017 when the company pleaded guilty for conspiring to evade USA sanctions by illegally shipping USA goods and technology to Iran.

It also produces consumer electronics and this year overtook Apple to become the second-largest manufacturer of smartphones in the world, behind Samsung Electronics.

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