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Huawei's CFO arrested in Canada for violating US sanctions on Iran,

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  • Huawei's CFO arrested in Canada for violating US sanctions on Iran,

    Huawei's chief financial officer arrested in Canada for violating US sanctions on Iran, reports say

    Updated 29 minutes ago

    Meng Wanzhou, who is one of the vice chairs on the Chinese technology company's board and the daughter of company founder Ren Zhengfei, was arrested on December 1 and a court hearing has been set for Friday, a Canadian Justice Department spokesman said, according to media reports.Canada has arrested Huawei's global chief financial officer in Vancouver, where she is facing extradition to the United States on suspicion she violated US sanctions against Iran, reports say.
    https://www.abc.net.au/news/2018-12-...-iran/10588464

  • #2
    Interesting. Huawei has been in the news a lot recently what with a great many western nations banning their equipment from national telecommunications networks.

    Wondering what China's reaction to this challenge to their right to sell to whom they want will be.

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    • #3
      Originally posted by TheKiwi View Post
      Wondering what China's reaction to this challenge to their right to sell to whom they want will be.
      I think it was US based tech that was being sold?

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      • #4
        Given the current market sensitivity and her family background, its not going to be pretty.

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        • #5
          Canada should reject that request. It's about time some people in the US administration learned that their country's jurisdiction ends at their country's borders, just like anyone else's.

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          • #6
            She's going Huawei for a long time.

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            • #7
              I hope China will use any means necessary to free the hostage.

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              • #8
                Getting tired of their products being pushed on us every time I watch TV.

                It's bad enough my phone gets made there. Now they want me to buy their thing so they can spy on me better?

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                • #9
                  Originally posted by muck View Post
                  Canada should reject that request. It's about time some people in the US administration learned that their country's jurisdiction ends at their country's borders, just like anyone else's.
                  Mmmm. No. There is a thing called "InterPol" to which most nations belong to. If a Canadian, for example, stole an original copy of Canada's Royal Proclamation of 1763 and dashed across the border with it to Detroit and put it on eBay for 50 million dollars, Canadian Mounties could easily ask the US for assistance in apprehending him and escorting him back to Canadian Custody.. All via the rapid offices of Interpol- not to mention many other international law enforcement treaties and statements of cooperation. So, I imagine (know?) the US has an equal right to ask for extradition of people who violate our laws.

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                  • #10
                    I think it is becoming clearer and clearer by the day that China must create its own world by leading poorer countries to prosperity. In these days, no facts or evidences are needed, all it takes is feeling afraid of China. China is done trying to make you feel unafraid. Most people on this planet are poor, and the West offers only rhetoric to them or the simple slogan: "at least you have freedom." China is trying to come up with real solutions for these people. Current methods can't generate enough energy on this planet to support all these poor people. Hence, it is China that is leading in the development of newer methods, such as green energy, cleaner coal, next generation nuclear energy...

                    The West does not deserve Huawei, there are a lot more people living outside the Western world. We will create our own future. It is up to you whether or not you want to be a constructive force or a destructive force. In either case, we will defend ourselves.

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                    • #11
                      Originally posted by pla View Post
                      I think it is becoming clearer and clearer by the day that China must create its own world by leading poorer countries to prosperity. In these days, no facts or evidences are needed, all it takes is feeling afraid of China. China is done trying to make you feel unafraid. Most people on this planet are poor, and the West offers only rhetoric to them or the simple slogan: "at least you have freedom." China is trying to come up with real solutions for these people. Current methods can't generate enough energy on this planet to support all these poor people. Hence, it is China that is leading in the development of newer methods, such as green energy, cleaner coal, next generation nuclear energy...

                      The West does not deserve Huawei, there are a lot more people living outside the Western world. We will create our own future. It is up to you whether or not you want to be a constructive force or a destructive force. In either case, we will defend ourselves.
                      Rubbish.

                      It’s about time Commercial battlelines were drawn.

                      Try being a western brand, company, or executive IN China trying to exit the Chinese market.

                      Suddenly you get hit by a horde of locusts with “unpaid invoices” taking a bite of your carcass on your way out the Chinese door.

                      God forbid you are stupid enough to be a senior executive with feet on the ground in China when it happens.

                      Those Uigher concentration camps are much nicer than Hitler’s. So that’s OK.

                      There’s a war going on.

                      Whoever can seize and hold the main supply routes(maritime, road, air, digital) owns the world.

                      Personally I’d rather it be Cisco/Fujitsu/Nokia/Erickson/Juniper than Huawei.

                      Comment


                      • #12
                        Originally posted by Flagg View Post

                        Rubbish.

                        It’s about time Commercial battlelines were drawn.

                        Try being a western brand, company, or executive IN China trying to exit the Chinese market.

                        Suddenly you get hit by a horde of locusts with “unpaid invoices” taking a bite of your carcass on your way out the Chinese door.

                        God forbid you are stupid enough to be a senior executive with feet on the ground in China when it happens.

                        Those Uigher concentration camps are much nicer than Hitler’s. So that’s OK.

                        There’s a war going on.

                        Whoever can seize and hold the main supply routes(maritime, road, air, digital) owns the world.

                        Personally I’d rather it be Cisco/Fujitsu/Nokia/Erickson/Juniper than Huawei.
                        Last time I checked, GM sells more cars in China than in US or Europe (at higher profit margins.) Germans sell six times more cars in China than in US. Japan will sell more cars in China than in Japan. An Indian hotel management firm manages more hotels in China than in India. Starbucks is opening a new store every 15hours. Tesla's factory will be built in China before the one in Europe. I know, it is very very difficult to get into Chinese market. I am glad that more and more Westerners don't value facts anymore. Just remember, climate change is a Chinese hoax.

                        No one cares what product you perfer. Huawei is doing fine without the Western market.
                        Last edited by pla; 06-12-2018, 11:29 AM.

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                        • #13
                          Recent article in the NZ Chinese Herald interviews ex PM John Key, its the private sector that wielded his thinking. Like that hapeless Fonterra (can't even run an ice cream factory yet quite a few farmers stick with them though slowly the exodus will continue) worlds biggest milk powder export king and Manuka honey sales take priority.
                          Actually that's a great example like with A2 milk. Both proving if you have a non proven health benefit you can always sell it to a large paranoid crowd(insert China)
                          Refer to A2 share price and manuka honey sales growth as proof of silly group think.

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                          • #14
                            Beijing insists Huawei executive must be released, citing ‘human rights’ violation

                            https://www.news.com.au/finance/beij...d84ec475398aab

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                            • #15
                              Originally posted by Flagg View Post

                              Rubbish.

                              It’s about time Commercial battlelines were drawn.

                              Try being a western brand, company, or executive IN China trying to exit the Chinese market.

                              Suddenly you get hit by a horde of locusts with “unpaid invoices” taking a bite of your carcass on your way out the Chinese door.

                              God forbid you are stupid enough to be a senior executive with feet on the ground in China when it happens.

                              Those Uigher concentration camps are much nicer than Hitler’s. So that’s OK.

                              There’s a war going on.

                              Whoever can seize and hold the main supply routes(maritime, road, air, digital) owns the world.

                              Personally I’d rather it be Cisco/Fujitsu/Nokia/Erickson/Juniper than Huawei.
                              Isn't paying off your liabilities a normal procedure of exiting any market? So exactly what did you complain about? You think you can just leave if you have unpaid bills to local labor and suppliers? Huawei is the world's largest telecommunication equipment supplier and world's leading 5G patent holder and is a force to reckon with regardless of your personal preference.

                              Comment

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