Huawei CFO arrested in Canada

CFO of Chinese major telecommunications company Huawei, Meng Wanzhou was arrested by Canadian police in Vancouver on Monday.  The arrest is due to US sanctions on China and certain business people. She will now be waiting for extradited to the USA the exact nature of her violation is unknown and still to be disclosed.

Meng Wanzhou also now has court date set for Friday. Huawei has confirmed her arrest and is unaware of any wrongdoing and they are also working toward her being released. The Chinese embassy in Canada has also call for her immediate release.

The Arrest comes just days after the US and China came to some sort of a truce at the G20 in Argentina. The US in its buildup of tensions with China has been investigating a number of Chinese companies including ZTE.  Another Chinese telecom giants have also come under massive scrutiny by US officials.

 

Source: ewn.co.za

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