& cplSiteName &

Canada Arrests Huawei CFO – Report

Mitch Wagner
12/5/2018
50%
50%

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.

"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.

Related posts:

— Mitch Wagner Follow me on Twitter Visit my LinkedIn profile Visit me on Tumblr Follow me on Facebook Executive Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
Flash Poll
Upcoming Live Events
September 17-19, 2019, Dallas, Texas
October 1, 2019, New Orleans, Louisiana
October 2-22, 2019, Los Angeles, CA
October 10, 2019, New York, New York
November 5, 2019, London, England
November 7, 2019, London, UK
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
All Upcoming Live Events
Partner Perspectives - content from our sponsors
Transform Beyond Borders to Lead the Innovation
By Ben Zhou, CEO, Whale Cloud
Reject Limits. Build the Future.
By David Wang, Huawei
China Telecom & Huawei Jointly Complete the World's First End-to-End 5G SA Voice & Video Call
By Jay Liu, Senior Marketing Manager, Cloud Core Product Line, Huawei Technologies
All Partner Perspectives