Published: Thu, December 06, 2018
Money | By Arnold Ball

Huawei CFO arrested in Canada for USA ‘for violating Iran sanctions’

Huawei CFO arrested in Canada for USA ‘for violating Iran sanctions’

The worldwide chief financial officer of Huawei has been arrested in Vancouver by Canadian authorities over allegations that she has violated United States trade embargo against Iran.

It comes as Huawei is said to be facing a probe by the U.S. Justice Department for violating sanctions against Iran.

Outside of the arrest itself, very little information about the case is being released at this time, in large part because a publication ban that was requested by Meng. "The company believes the Canadian and USA legal systems will ultimately reach a just conclusion".

Huawei said it complies with all laws and rules where it operates, including export controls and sanctions of the United Nations, the USA and European Union.

Reuters reported in April that us authorities were investigating what has grown to be one of the world's largest smartphone manufacturers for the "alleged shipping of usa -origin products to Iran and other countries in violation of usa export and sanctions laws".

Huawei, among the world's largest telecommunications equipment makers, has previously stated it abides by "all applicable laws and regulations where it operates, including the applicable export control and sanction laws and regulations of the UN, US and European Union".

The U.S. Justice Department didn't immediately respond to a request seeking comment.

The report adds, via an unnamed source, that the US believes Meng was trying to circumvent the current USA trade embargo with Iran, although details about this alleged violation were not revealed.

Similar moves are under consideration in the U.K. The U.S., which believes Huawei's equipment can be used for spying, is contacting key allies including Germany, Italy and Japan, to get them to persuade companies in their countries to avoid using equipment from Huawei, the Wall Street Journal reported last week.

Meng, who is also a vice chair on Huawei's board, was arrested on December 1 in Vancouver.

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A foreign ministry spokeswoman, Hua Chunying, said then that China hoped the US would refrain from taking actions that could further undermine investor confidence in the USA business environment and harm its domestic economy.

The Chinese embassy in Ottawa issued a statement condemning the action.

The United States and Australian governments have long expressed concerns about the security implications of using telecommunications equipment from China.

The move also comes as Huawei faces other challenges overseas this week, with United Kingdom wireless provider BT Group announcing that it will no longer use the Chinese firm's equipment for its networks.

Huawei New Zealand deputy chief executive Andrew Bowater said regarding the developments in Britain, that BT had inherited its mobile networks that contained Huawei equipment at their core as a result of its acquisition of mobile operator EE in 2016.

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

In 2016, the Commerce Department sought information regarding whether Huawei was possibly sending USA technology to Syria and North Korea as well as Iran.

At least 13 pages of a proposal to sell Hewlett-Packard computer equipment to Iran were marked "Huawei confidential".

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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