Canada arrests CFO of China’s Huawei Technologies

TORONTO (AP) — Canadian authorities said Wednesday that they have arrested the chief financial officer of China’s Huawei Technologies, who is facing extradition to the United States.

Justice Department spokesman Ian McLeod said Meng Wanzhou was detained in Vancouver, British Columbia, on Saturday. He said Meng is sought for extradition by the U.S.

McLeod said a publication ban had been imposed in the case and he could not provide any further details. The ban was sought by Meng, who has a bail hearing Friday, he said.

The Wall Street Journal reported earlier this year that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran.

Meng is also deputy chairman of the board and the daughter of company founder Ren Zhengfei.

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

A spokeswoman for Huawei didn’t immediately respond to a message seeking comment.

In April, China appealed to Washington to avoid damaging business confidence following the Wall Street Journal report that U.S. authorities were investigating whether Huawei violated sanctions on Iran amid spiraling technology tensions.

A foreign ministry spokeswoman, Hua Chunying, said then that China opposes any country imposing unilateral sanctions based on its own law.

Asked about the report that Huawei was under investigation, Hua said in April, “We hope the U.S. will refrain from taking actions that could further undermine investor confidence in the U.S. business environment and harm its domestic economy and normal, open, transparent and win-win international trade.”

That same month Washington barred Huawei rival ZTE Corp. from exporting U.S. technology in a separate case over exports to Iran and North Korea

Trump has threatened to raise tariffs on Chinese goods in response to complaints that Beijing improperly pressures foreign companies to hand over technology. That is widely seen as part of a broader effort by Washington to respond to intensifying competition with Chinese technology industries that Trump says benefit from improper subsidies and market barriers.

Copyright 2018 The Associated Press.

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