Items tagged with meng wanzhou

After being arrested on Saturday, Huawei CFO Meng Wanzhou is still awaiting extradition to the United States. At the time no formal charges had been disclosed, but a bail hearing held in Vancouver revealed that Meng Wanzhou has been charged with fraud and violating US sanctions against Iran. The scandal revolves around a small company called Skycom Tech that is located in Hong Kong. According to John Gibb-Carsley, a lawyer working for Canada's Justice Department, Skycom has operated as an unofficial subsidiary of Huawei for several years. The two companies have attempted to hide their relationship from the public, but internally the company is clearly a part of Huawei as employees have Huawei... Read more...
Huawei's CFO Meng Wanzhou has been arrested in Canada and faces extradition to the United States. The charges levied against her haven't been revealed at this time, but Meng Wanzhou's arrest has already had staggering effects on stock exchanges around the world. In addition to being Huawei's CFO, Meng Wanzhou serves as the deputy chairwoman of Huawei's board, and she is the daughter of Huawei's founder Ren Zhengfei. Meng Wanzhou was in Canada on a layover when she was apprehended by Canadian police. A publication ban has prevented the Canadian Justice Department from sharing additional details about why she was arrested, but a law enforcement official indicated that she was wanted as part of... Read more...