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Huawei’s CFO Arrest: China Issue a Threats

Huawei’s CFO is Ms Meng Wanzhou, is the daughter of the company’s founder and was arrested since December 1.

Huawei's CFO Arrested

Meng Wanzhou, CFO of Huawei and daughter of founder Ren Zhengfei. REUTERS/Alexander Bibik

According to a report from Business Insider, China has increased the pressure on the US over the arrest of a senior Huawei executive in Canada. They are threatening “further action” if she is not released.

China’s foreign ministry summoned US ambassador Terry Branstad on Sunday to lodge a “strong protest” over the detainment of Huawei’s chief financial officer, Meng Wanzhou, and said the United States should withdraw its arrest warrant.

Further measures will depend on US actions, vice foreign minister Le Yucheng told the US ambassador, China’s foreign ministry added.

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Meng was arrested in Canada on December 1 and faces extradition to the United States, which alleges that she covered up her company’s links to a firm that tried to sell equipment to Iran despite US sanctions.

Ms Meng, Huawei’s chief financial officer and daughter of the firm’s founder, is accused of breaking US sanctions on Iran.

She was held in Vancouver last Saturday and faces extradition to the US.  There she could be jailed for up to 30 years if found guilty.

Trade Wars have Began

Meng’s arrest sent shockwaves through the global markets, with fears that her detainment could escalate the trade war between the US and China.

Huawei, which makes telecommunications kit and smartphones, is the poster child of China’s technological and economic boom. The company recently overtook Apple as the world’s second biggest smartphone seller behind Samsung.

Its founder, Ren, was an engineer in China’s military, and his ties to the Communist Party have triggered international concerns that Huawei’s telecommunications kit may be compromised. Huawei has always denied it has been asked to spy for China’s authorities.

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Huawei’s CFO Arrest:  China Threats

According to BBC , Ms Meng’s as arrested while she was changing planes in Vancouver last Saturday. It was a serious breach of her rights, Reuters quoted the foreign ministry as saying.

It “ignored the law” and was “unreasonable”, it said.

“China strongly urges the Canadian side to immediately release the detained person… otherwise Canada must accept full responsibility for the serious consequences caused,” the statement added.

On Sunday, Le Yucheng made similar demands to the US, warning: “China will respond further depending on US actions.”

Let’s watch how it will play out.



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