Wanzhou Meng faces extradition to the US on suspicion of violating US trade sanctions against Iran.

Mitch Wagner, Executive Editor, Light Reading

December 5, 2018

1 Min Read
Canada Arrests Huawei CFO – Report

Canadian authorities arrested Huawei Technologies' CFO, who faces extradition to the US on suspicion of violating US trade sanctions against Iran, according to a report in Canada's Globe and Mail.

Wanzhou Meng, also deputy chair of the Huawei Technologies Co. Ltd. board and daughter of company founder Ren Zhengfei, was arrested in Vancouver at the request of US authorities, the Globe and Mail reported.

"If Meng is extradited, it will mark the first time a Huawei official will face U.S. authorities," Axios reports.

Figure 1:

"This move can not be overstated. If the U.S. says Huawei violated Iran sanctions, like ZTE did, a ZTE-like ban for U.S. suppliers to Huawei is not impossible. It may not go that far, but expect investors to shoot first Thursday and dump shares of big Huawei suppliers, as they did with ZTE," Axios said.

Meng was arrested on December 1 and a court hearing has been set for Friday, December 7, according to a report on CNBC.

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— Mitch Wagner

Executive Editor, Light Reading

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About the Author(s)

Mitch Wagner

Executive Editor, Light Reading

San Diego-based Mitch Wagner is many things. As well as being "our guy" on the West Coast (of the US, not Scotland, or anywhere else with indifferent meteorological conditions), he's a husband (to his wife), dissatisfied Democrat, American (so he could be President some day), nonobservant Jew, and science fiction fan. Not necessarily in that order.

He's also one half of a special duo, along with Minnie, who is the co-habitor of the West Coast Bureau and Light Reading's primary chewer of sticks, though she is not the only one on the team who regularly munches on bark.

Wagner, whose previous positions include Editor-in-Chief at Internet Evolution and Executive Editor at InformationWeek, will be responsible for tracking and reporting on developments in Silicon Valley and other US West Coast hotspots of communications technology innovation.

Beats: Software-defined networking (SDN), network functions virtualization (NFV), IP networking, and colored foods (such as 'green rice').

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