• Huawei's CFO Arrested in Canada



    Meng Wanzhou, Chief Financial Officer of Huawei Technologiesóoh, and also the daughter of founder Ren Zhengfeiówas arrested at Vancouver airport this past Saturday. She's currently in the process of being extradited to the United States; a bail hearing is set to take place tomorrow in New York.

    Details on the charges are pretty vague; here's what has been reported to Canada's Globe and Mail

    A Canadian law-enforcement source with knowledge of the arrest said the United States is alleging Ms. Meng tried to evade the American embargo against Iran, but provided no further details. The source was granted anonymity by The Globe because they werenít authorized to speak publicly about the arrest.
    Correct me if I'm wrong but I didn't think that violating a trade embargo would constitute an arrestable offence. And it's especially strange that the arrest was carried out on Canadian soil.

    Update: Reuters is reporting that there may be charges of bank fraud as well. That's definitely more serious.

    Sources: Globe and Mail, Reuters

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    This article was originally published in forum thread: Huawei's CFO Arrested in Canada started by acurrie View original post