The chief financial officer of Chinese tech and telecoms giant Huawei has been arrested in Canada at the request of US authorities, according to multiple reports, and she faces extradition to the United States.
Both The Global And Mail and South China Morning Post report that Wanzhou Meng has reportedly been arrested by Canadian authorities on suspicion of violating the US’s trade sanctions on Iran.
Huawei is one of China’s most prominent technology companies — a huge telecoms firm, and the world’s second-biggest smartphone manufacturer. Its devices have come under scrutiny from US authorities over spying fears, and the arrest of its CFO has the potential to further enflame tensions between the two countries amid a mounting trade war.
US authorities have been probing Huawei since at least 2016 for allegedly shipping US-origin products to Iran and other countries in violation of US export and sanctions laws, sources told Reuters in April.
A Huawei spokesperson did not immediately respond to Business Insider’s request for comment.
In a statement, Canadian Justice Department Ian McLeod told The Globe and Mail: “Wanzhou Meng was arrested in Vancouver on December 1. She is sought for extradition by the United States, and a bail hearing has been set for Friday.”
According to Meng’s official company biography, she joined the company in 1993 and also serves as deputy chairwoman of the board. She is also the daughter of the company’s founder, Ren Zhengfei.
This story is developing…
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