Reason behind Huawei CFO Wanzhou Meng's arrest in Vancouver revealed

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The 46-year-old chief financial officer of Chinese telecom company Huawei now faces extradition to the USA, where she is likely to be charged with trying to evade US sanctions on Iran. SkyCom's alleged sanctions breaches occurred from 2009 to 2014.

The Crown says Meng is alleged to have said Huawei and Skycom were separate and she allegedly lied to an executive of an unnamed financial institution, which it asserts put the institution at risk.

On Thursday, former prime minister Stephen Harper told Fox Business News that while he was in power he became increasingly concerned about allowing the use of equipment from Huawei and ZTE, another Chinese telecom-equipment manufacturer.

Meng's lawyer, David Martin, disputed the prosecutor's call to deny bail, saying: "The fact a person has worked hard and has extraordinary resources can not be a factor that would exclude them from bail". The prosecutor said even a $1 million bail would not be a deterrent from her fleeing Canada because of her family's enormous wealth and the severity of the charges against her, which the prosecutor said could result in a 30-year jail sentence.

The company faces being shut out of Australia, New Zealand and United States 5G rollouts, and British telecom group BT revealed on Wednesday it was removing Huawei equipment from its core cellular network. "The arrest of Meng Wanzhou, I believe, should be seen in the context of the Sino-U.S. trade war", Ming said. Last month, New Zealand refused a telecom company's request to use 5G technology from Huawei, citing national security concerns.

He said Meng's own personal integrity would not allow her to go against a court order, and that she would not embarrass her father, company founder Ren Zhengfei, by breaching such an order.

Asked this week about a possible Canadian ban on Huawei, Trudeau said he would defer to the advice of his intelligence agencies.

China, meanwhile, has officially demanded Meng's release.

O2 4G network down across the UK
O2 have assured customers that they are working as hard as possible to get the networks up and running as soon as possible. The problems seem to have started at around 8:00 AM this morning and are ongoing at the time this article was posted.

After telling a radio station that he knew of the arrest plan before the operation took place, while also declining to state whether Trump was himself aware when he met Xi, Bolton went on to accuse Chinese companies of engaging in intellectual-property theft and forced technology transfers from USA firms.

In this courtroom sketch, Meng, right, sits beside a translator during a bail hearing at British Columbia Supreme Court in Vancouver.

That doesn't mean that China is likely to forget about Meng Wanzhou's December 1 arrest when they next come face-to-face with Canadian officials, he added.

Huawei was founded to sell phone switches but it is now the world's biggest supplier of network gear for phone and internet companies.

Meng was arrested while changing planes in Vancouver.

"Yet Washington, in persuading and pressuring its allies to shun cooperation with Huawei, has helped erode that political trust", the English-language paper said.

Congress issued a report concluding that "Huawei did not fully cooperate with the investigation and was unwilling to explain its relationship with the Chinese government or Chinese Communist Party, while credible evidence exists that it fails to comply with US laws".