Huawei CFO Arrested in Canada

The chief financial officer of Chinese tech giant Huawei has been arrested in Canada. She faces extradition to the United States. Meng Wanzhou, also known as Sabrina Meng and Cathy Meng, was apprehended in Vancouver on December 1, according to Canadian Justice Department spokesman Ian McLeod. In addition to her role as CFO, Meng serves as deputy chairwoman of Huawei’s board. She’s the daughter of Huawei founder Ren Zhengfei.

Meng “is sought for extradition by the United States, and a bail hearing has been set for Friday,” McLeod said in a statement, which was first reported by The Globe and Mail.
The arrest comes at a critical juncture in U.S.-Chinese relations. President Trump and Chinese President Xi Jinping last weekend agreed to a temporary truce in a trade spat to negotiate a settlement. The U.S. has raised other concerns with China, ranging from spying to intellectual-property theft to Beijing’s military posture in the South China Sea. China has said its actions are appropriate.

The U.S. has undertaken a campaign against Huawei, which is viewed as a national-security threat because of its alleged ties to the Chinese government. In the past year, Washington has taken a series of steps to restrict Huawei’s business on American soil and, more recently, launched an extraordinary international outreach campaign to persuade allied countries to enact similar curbs.

China strongly protests the arrest and has urged both U.S. and Canadian officials to free Ms. Meng, according to a statement released by the Chinese Embassy in Canada. The U.S. is seeking Ms. Meng’s extradition to have her appear in federal court in the Eastern District of New York, according to people familiar with the matter.

 

Todd “Bubba” Horwitz