Huawei CFO Arrested For Alleged Violation Of US Sanctions On Iran

Huawei CFO Arrested For Alleged Violation Of US Sanctions On Iran

The detention of Meng Wanzhou, Huawei's chief financial officer, comes after American authorities reportedly launched an investigation into suspected Iran sanctions violations by Huawei, which was already under scrutiny by United States intelligence officials who deemed the company a national security threat.

The arrest of Meng, the daughter of Huawei's founder, sparked fears of a new escalation of tensions between the United States and China, which reached a truce in their trade war less than a week ago.

Huawei said it was "not aware of any wrongdoing by Ms Meng".

There had already been concerns in the USA over the security of Huawei's technology amid worries that the Chinese government could use the tech company's products to spy on Americans, an allegation the company has long denied.

James Lewis, the director of technology policy at the Center for Strategic and International Studies, told Axios the USA should be prepared for a backlash and warned American tech executives to steer clear of China for now.

The prime minister declined to comment further on the case, citing a court-ordered publication ban sought by Huawei chief financial officer Meng Wanzhou, arrested at the request of usa authorities as she was changing planes in Vancouver.

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The timing is awkward following the announcement of a U.S.

The end of iPhone sales growth is a major factor here-Apple was this year displaced as the world's second-biggest smartphone producer by, you guessed it, Huawei-but again the trade war is lurking in the periphery.

Meng Wanzhou is scheduled to appear in court on Friday for a bail hearing. "This is something that we get from the Justice Department", Bolton told National Public Radio. If the court determines such evidence exists, Wilson-Raybould herself must make the decision to order Meng's surrender to US authorities.

Huawei has said it complies with all applicable export control and sanctions laws and USA and other regulations.

Chinese foreign ministry spokesman Geng Shuang on Thursday called Meng's arrest a violation of human rights and demanded the "immediate release" of the 46-year-old executive, who also goes by the name Sabrina. But American officials also worry more broadly about Chinese plans for state-led industry development they worry might erode US industrial leadership. President Donald Trump restored access after ZTE agreed to pay a $1 billion fine, replace its executive team and embed a US -chosen compliance team in the company.

"So not respecting this particular arrest, but Huawei is one company we've been concerned about", he said. Chinese technology has been a particular bugbear for the USA president, who has justified imposing tariffs on Chinese imports with allegations of intellectual property theft by Chinese companies.

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Australia barred Huawei from providing 5G technology for its wireless networks over the summer and New Zealand followed suit in November. The fall in the stock prices of social media companies was preceded by the publication of Facebook's internal documents, which contained controversial information about the company providing some firms expanded access to user data, while banning others completely. Huawei says the USA requested Meng's arrest and it is unaware of any wrongdoing.

"That's something we should be watching out for".

Chinese telecoms giant Huawei Technologies Co Ltd's chief financial officer was arrested as part of a USA investigation of an alleged scheme to use the global banking system to evade US sanctions against Iran, according to sources familiar with the probe. "It's a possibility. China plays rough", Mulroney told The Associated Press.

"We can expect China to retaliate against Canada very vigorously", he said by email. "It's a prominent member of their society and it's a company that really embodies China's quest for global recognition as a technology power".

Huawei declined to comment or verify the contents of the transcript.

He points out the arrest comes at a trying time for U.S.

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