Canada arrests CFO of China's Huawei Technologies

Discussion in 'Politics' started by dealmaker, Dec 6, 2018.

  1. dealmaker

    dealmaker

    [​IMG]
    Canada arrests CFO of China's Huawei Technologies
    [​IMG]
    Canadian authorities said Wednesday that they have arrested the chief financial officer of China's Huawei Technologies for possible extradition to the United States. China demanded her immediate release, and a former Canadian envoy to China warned the case might lead to retaliation by the Chinese against American and Canadian executives. The Wall Street Journal reported that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran. (Daily Herald)
     
  2. dealmaker

    dealmaker

    ""
     
  3. " Equivalent of an Apple or Facebook exec being arrested in China. "

    LOL. go ahead, arrest all of them. Arrest Tim Cook and Zuckerface. They'd be doing us a favor.
     
  4. Last edited: Dec 7, 2018
    dealmaker likes this.
  5. dealmaker

    dealmaker

    Huawei Capitulation

    Huawei has reportedly agreed to make improvements to its telecommunications equipment and software, to address security fears that were expressed by British intelligence agencies. Without doing so, Huawei would essentially be shut out of future 5G network buildouts in the U.K. Meanwhile, the Japanese government is reportedly about to shut out Huawei and ZTE from its procurement plans, due to concerns over the Chinese being able to spy through the firms' equipment. Financial Times
     
    viruscore1 likes this.
  6. dealmaker

    dealmaker

    ""
     
  7. dealmaker

    dealmaker

    [​IMG]
    China summons US ambassador over Huawei CFO's arrest
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    The official Xinhua news agency said the vice-foreign minister, Le Yucheng, had “lodged solemn representations and strong protests” with ambassador Terry Branstad against the detention of Meng Wanzhou, chief financial officer of the Chinese technology firm. (Guardian)
     
  8. vanzandt

    vanzandt

    Looks like she gets bail.

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    Breaking
    Huawei's CFO to be freed on $10M bail pending extradition to U.S.

    UPDATE — 3 p.m. PT: Huawei's chief financial officer, Meng Wanzhou, has been granted bail as she awaits possible extradition to the United States on fraud charges. Justice William Ehrcke made his decision in B.C. Supreme Court in Vancouver on Tuesday afternoon.

    This is a developing story and will be updated.

    https://www.cbc.ca/news/canada/british-columbia/huawei-meng-wanzhou-bail-hearing-vancouver-1.4940849
     
  9. gwb-trading

    gwb-trading

    "A judge in Vancouver set bail at C$10m (£6m; $7.4m). She will be under surveillance 24 hours a day and must wear an electronic ankle tag."
     
    #10     Dec 11, 2018