Huawei chief financial officer arrested in Canada

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Huawei chief financial officer arrested in Canada
Canadian authorities said Wednesday that they’ve arrested the chief China’s Huawei Technologies Officer for a Possible Extradition to the United States.China demanded her immediate release, and the former Canadian envoy to China cautioned the case could leads to retribution from the Chinese from American and Canadian executives.

Justice Department spokesman Ian McLeod stated Meng Wanzhou was detained in Vancouver, British Columbia, on Saturday.

Meng is a dominant member of Chinese culture as chairman of the board and daughter of the company’s founder, Ren Zhengfei. McLeod explained in the case of a ban on publication, and he couldn’t provide further details.

The Wall Street Journal reported earlier this season that U.S. Authorities are investigating whether Chinese technology giant Huawei violated sanctions on Iran.

Huawei issued an announcement saying Meng was changing flights in Canada when she was detained on behalf of the United States of America, to face unspecified charges, in New York.

The company has been provided very little info regarding the charges and isn’t aware of any wrongdoing of Ms. Meng, the announcement said.

Huawei said he complied with all the laws and principles in which it operates, such as export controls and sanctions of the UN, the U.S. and European Union.

The Chinese side ardently opposes and strongly protests within such sort of actions which violated the human rights of the victim, the announcement said.

A U.S. Justice Department spokesman declined to comment.

Back in Apr, China has called on Washington to avoid the detrimental confidence of companies following the Wall Street Journal report which U.S. Authorities were investigating if Huawei violated sanctions on Iran amid spiraling technology tensions.

A foreign ministry spokeswoman, Hua Chunying, stated then that China hopes that U.S. Would refrain from taking actions that may further undermines investor confidence in the U.S. Business environment and damage its domestic economy.

That exact same month Washington banned ZTE rival ZTE Corp. from exporting U.S. Technology in a separate case on exports to Iran and North Korea.

Trump has threatened to increase tariffs on Chinese products in response to complaints which Beijing improperly pressures foreign businesses to hand over technology.

David Mulroney, a former Canadian ambassador to China, stated U.S. And Canadian business executives may face reprisals in China. That is something we ought to be watching out for. It is a possibility.

China’s plays demanding, Mulroney said. It is an important member of their society and it is A company that actually embodies China’s pursuit for recognition as a technology power.
Mulroney said Canada must be prepared for sustained fury, from the Chinese and stated it’ll be depicted in China, while Canada kowtowing to Trump.

He also stated the Iran allegations are extremely damaging to Huawei and said that China will push hard. U.S. Sen. Ben Sasse, a Republican member of the Senate Armed Services and Banking committees, stated Huawei is a representative of China’s communist party and applauded Canada for the arrest. Americans are thankful that our Canadian partners have detained the Chief Financial Officer of a giant Chinese telecom company for breaking U.S. sanctions against Iran,”

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