Meng Wanzhou, the daughter of the owner of the Chinese technology company Huawei and Chief Financial Officer (CFO), was arrested in Canada on the grounds that Washington had eroded Iran’s sanctions.
According to the Canadian Justice Department, the daughter of Huawei ‘s owner Ren Zhengfei and the company’s CFO, Meng, was arrested in Vancouver on December 1st on charges of US sanctions against Iran .
The statement, Meng’un arrested at the request of the US administration on Friday (December 7th) scheduled to go to the first hearing.
It was learned that Meng would be tried in the Eastern District Court of New York if he was extradited to the United States.
The US Department of Justice launched an investigation into the Chinese smartphone manufacturer and telecommunications giant Huawei in April for violating sanctions against Iran.
US futures fell hard
The US- China- recently arrested arrest warrant, which was foreseen to pose a risk to the trade cease-fire, was reflected in the markets negatively.
Asian stock markets start the day with hard losses, while US futures point to a sharp decline in indices.
Huawei has been struggling with serious problems for some time. The US government has started to fight the Chinese manufacturer almost as a result of the troubles, has reached the highest level. For Huawei , things in the global market are not going well with some countries. To sum up, Huawei has been banned in America for some time now. In recent weeks, the US government has taken this decision a step further and warned its allies to take a similar step . As you know, 5G works of the Chinese manufacturer are capable of leading the sector and the distribution of equipment to other countries has started. The first step in this matter came from New Zealand and they said they would not buy 5G equipment . But the crisis is not over there. This time , because of a completely different subject , in Canada, Huawei CFO Wanzhou Meng was arrested . If the reasonThe Iranian embargo .
Statement was made
Canada’s arrest is of great importance because Wanzhou Meng is the daughter of Ren Zhengfei, the founder and CEO of the company. So we’re faced with a high-level arrest. Details of the arrest and future charges were not shared publicly for now. The doubts that Huawei pierced the Iranian embargo are not new. Last April, the US Department of Justice began to investigate that the Chinese mill had pierced the Iranian embargo . The results of this study were not disclosed. But in August another Chinese manufacturer, ZTE, was punished for puncturing the Iranian embargo. We even shared with you that the President of the United States Donald Trump signed the draft law on the use of Huawei and ZTE devices . In a statement after the arrest of the facade of Huawei Meng it was made . The explanation is as follows:
I The company’s CFO, Wanzhou Meng, has been arrested by Canadian authorities acting on behalf of America. Meng, who will be sent to New York to face undue charges, is detained by the authorities on a transfer flight in Canada. There is little information on the accusations with the company, as well as any information on Meng’s misconduct. The company’s Canadian and American legal systems are expected to reach a similar conclusion. Huawei is in compliance with the laws and regulations of the country. This includes export control, embargo laws and regulations in the United Nations, America and Europe. “
What will be the sanctions after the arrest, or what the court will decide on the claims of the Iranian embargo remains uncertain.