CFO of the Chinese smartphone manufacturer Huawei has been arrested in Canada and will have to expect a delivery to the United States. For Friday, a hearing was scheduled for Meng Wanzhou could be released on bail, said the Canadian Ministry of Justice on Wednesday. According to an insider, the arrest is linked to the violation of American sanctions. According to a report in The Globe and Mail, she is accused of violating sanctions imposed by the United States on Iran.
Meng Wanzhou is the daughter of company founder Ren Zhengfei. Huawei confirmed the arrest. The company had been given little information on the allegations against Meng, and it knew nothing of a misconduct. The Chinese Embassy in Washington sharply criticized the arrest and demanded the immediate release of the manager.
According to insiders, the United States has been investigating Huawei since at least 2016 for violating export and sanction laws. This is the allegation that Huawei has shipped products from the United States to Iran. The US Department of Justice declined to comment. On the financial markets, prices fell.
In the United States, Huawei is largely excluded from supplying government agencies and their contractors. Western intelligence agencies are investigating the contacts of the world’s largest telecoms equipment supplier with the Chinese leadership and the suspicion that the Group’s technology and equipment could be used for espionage. There are also concerns in Germany about cooperation with Huawei. On Wednesday, British telecom group BT Group removed Huawei’s equipment from the existing 3G and 4G networks.
