Huawei founder's daugh­ter ar­rested in Canada on US re­quest

Swazi Observer - - NEWS - AFP

WASH­ING­TON - The daugh­ter of Chi­nese tech gi­ant Huawei's founder has been ar­rested in Canada and is fac­ing ex­tra­di­tion to the United States, deal­ing a blow to hopes of any eas­ing of Sino-US trade ten­sions and rock­ing global stock mar­kets.

The shock ar­rest of Meng Wanzhou, who is also Huawei Tech­nolo­gies Co Ltd's Chief Fi­nan­cial Of­fi­cer, is ril­ing au­thor­i­ties in Bei­jing and raises fresh doubts over a 90-day truce on trade struck be­tween Pres­i­dents Don­ald Trump and Xi Jin­ping on the day she was de­tained.

The ar­rest is re­lated to vi­o­la­tions of US sanc­tions, a per­son fa­mil­iar with the mat­ter said. Reuters was un­able to de­ter­mine the pre­cise na­ture of the vi­o­la­tions.

The ar­rest and any po­ten­tial sanc­tions on the world's sec­ond-big­gest smart­phone maker could have ma­jor reper­cus­sions on the global tech­nol­ogy sup­ply chain.

Shares in Asian sup­pli­ers to Huawei, which also counts Qual­comm Inc and In­tel among its ma­jor sup­pli­ers, tum­bled yes­ter­day. Meng, one of the vice chairs on the com­pany's board and the daugh­ter of com­pany founder Ren Zhengfei, was ar­rested on Dec. 1 at the re­quest of US au­thor­i­ties and a court hear­ing has been set for to­day, a Cana­dian Jus­tice Depart­ment spokesman said. Trump and Xi had dined in Ar­gentina on Dec. 1 at the G20 sum­mit.

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