The daughter of the founder of the Chinese telecoms giant, Huawei has been reportedly taken into custody in Vancouver, Canada .The arrest was reported to have occurred on the 1st day of December and the detainee could face extradition to the US.
Specifics of the arrest have not been disclosed but the US has been investigating Huawei over tendencies of violation of sanctions against Iran.
China called for her release, saying her detention was possibly violates her rights.
Huawei is one of the top notch telecommunications equipment and services providers on the globe, recently unseating Apple to emerge the second-biggest smartphone maker after Samsung.
Ms Meng has called for a press ban on the details of the arrest, which has been approved by the courts.
Huawei said it did not have enough information about the charges and was “not aware of any wrongdoing by Ms Meng”.
However, European shares hit a two-year low and indexes across Asia dropped sharply following the arrest.
A Chinese foreign ministry publicist told the press : “The detention without giving any reason violates a person’s human rights.”
“We have made solemn representations to Canada and the US, demanding that both parties immediately clarify the reasons for the detention, and immediately release the detainee to protect the person’s legal rights.”
The focus of China’s protest will likely astonish campaigners who have criticised Beijing’s own record on rights issues. Amnesty International says there are “serious threats to human rights” in China and “anyone who speaks out against the authorities faces harassment, arrest and detention”.
Ms Meng’s arrest occured at a very delicate time for US-China ties. The nations are involved in a trade war that has seen both sides place custom duties of billions of dollars on one another’s products .
There are speculations that the arrest would mean the 90-day tariff truce agreed by the two nations at the G20 have not been imposed yet.
China announced in a constant press briefing on Thursday that it would “immediately” consider the measures agreed.
It also correlates with efforts to restrict the use of Huawei technology in Western countries. The US, Australia and New Zealand have stopped the use of the Chinese giant’s equipment in infrastructure for 5G mobile networks.
Canada’s ministry of justice disclosed the date and location of Ms Meng’s arrest and added: “She is sought for extradition by the United States, and a bail hearing has been set for Friday.”
However, It said it could not divulge this as Ms Meng had pleaded a ban on the publication of details and this had been ordered by the courts.
US lawmakers have consistently labelled the Huawei a threat to US national security, noting that its technology could be used for espionage by the Chinese government.
Speaking on the arrest, US Senator Ben Sasse told Associated Press that China was ardently engaged in hindering US national security interests, often “using private sector entities”.
“Americans are grateful that our Canadian partners have arrested the chief financial officer,” he added.
In a statement, Huawei said it did not contravene “all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the UN, US and EU .
Also from twitter
.@FT on the arrest in #Canada
of ” #Huawei’s chief financial officer Wanzhou Meng—daughter of the Chinese telecom group’s powerful founder Ren Zhengfei—after her extradition was sought by the #US.”
This will be seen in #China as the “weaponization” of more economic instruments. pic.twitter.com/s5M8zJF7Ws
— Mohamed A. El-Erian (@elerianm) December 6, 2018
The finance chief of Chinese telecom giant Huawei was arrested in Canada at the U.S.’s request over alleged Iran sanctions violations https://t.co/f88jddSMt7
— The Wall Street Journal (@WSJ) December 5, 2018
— jeroen blokland (@jsblokland) December 6, 2018