Canada Arrests Huawei CFO; Extradition Hearing to US Plannedby Ryan Smith on December 5, 2018 8:10 PM EST
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In a brief announcement released today, Canada’s Department of Justice has announced that it has arrested the Chief Financial Officer of Huawei, Meng Wanzhou. According to Canadian government, Meng was arrested on December 1st by request of the United States, who is seeking to have her extradited. A bail hearing is being planned for Friday to determine what will happen next.
Outside of the arrest itself, very little information about the case is being released at this time, in large part because a publication ban that was requested by Meng. Canadian authorities for their part are not providing any details beyond the arrest, and various US news organizations have been unable to get a comment from US Department of Justice officials.
Huawei itself has been increasingly on the rocks with the US for the past year. The company’s handset sales have all but come to a halt after AT&T backed out on a deal earlier this year. Meanwhile unconfirmed reports surfaced in April that the US was investigating Huawei for possibly violating Iran export bans, a scenario that got fellow Chinese firm ZTE into significant trouble earlier this year.
Like ZTE, Huawei relies in part on US technology imports for its products, and per US export regulations, those products are in turn prohibited from being exported to Iran and other restricted nations. In the case of ZTE, the matter was only finally settled after the company underwent an extensive restructuring, as the United States government has made it clear that it intends to strongly enforce its export regulations. If Meng has been arrested for violating these restrictions, then this would mark the start of another significant technology export regulation case for the US.
Sources: Reuters, Associated Press, & New York Times
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Samus - Thursday, December 6, 2018 - linki lol'd
lenghui - Thursday, December 6, 2018 - linkThank you for reporting this news and provides the info as facts instead of opinions -- one reason I keep coming back to AT.
yannigr2 - Thursday, December 6, 2018 - linkStock market games.
Notmyusualid - Thursday, December 6, 2018 - linkNonsense. Rules are rules.
And at the top of your game, you should know them all.
yannigr2 - Thursday, December 6, 2018 - linkYou have the right to be naive.
PeachNCream - Thursday, December 6, 2018 - linkThere is a lot of speculation about the reasoning behind the arrest. I guess we have to wait for more information in order to get some insight. At the moment, I admit I'm concerned about US and China relations and about US relations with other nations in general. Things seem a bit turbulent.
Violet Giraffe - Thursday, December 6, 2018 - linkGiven that Chinese government as well as Chinese companies casually dismiss international law and regulations, I say they've had it coming.
PeachNCream - Thursday, December 6, 2018 - linkI do agree that there are and have been problems with China's conduct with relationship to the few international governing bodies out there. I would just like to see a more...uh...I guess professional and coherent response from the US in specific. The reaction is all over the map.
Smell This - Thursday, December 6, 2018 - linkI'm old enough to remember $.20/gal gas and pistachios for $1/pound. OF COURSE, it's always 'spook-works' from Uncle Sugar, Chairman Mao, Rootin' Tootin' Pootin, Ayatollah Aseholla, Looters & Special Interests, et. al. We need a bigger swamp.
Be thankful for that $2 gas ... and if someone shows up at your next meeting with a bone saw, run away.
PeachNCream - Thursday, December 6, 2018 - linkI don't understand.