CFO (Chief Financial Officer) of the Chinese telecom company Huawei, Meng Wanzhou was arrested on suspicion of violating trade sanctions against Iran and possibly other countries. She was arrested in Vancouver, British Colombia Canada on Saturday and is being sought for extradition by the United States.
According to CBC, records show that she apparently used two English names. Those names were Sabrina Meng and Cathy Meng. However, it's not known what those names were used for.
Huawei has been in the middle of some rough waters recently and this is not going to help the company by any means. U.S. authorities have been looking into the allegations against the company that stated it had shipped U.S tech products to Iran and other countries that are under sanctions. This would be in violation of U.S export and sanctions laws.
There's little information on the situation due to a publication ban. What this does is prevent the Department of Justice from releasing more information regarding her arrest as it could put the accused person's right to a fair trial at risk. This was done by using section 26 of Canada's Extradition Act.
The Chinese government is now demanding the release of Meng. In fact, officials at the Foreign Ministry's news conference called for her to be released and have her rights and interests protected.
It's actually been said that doing business with the Chinese company could put nations at a security risk. As a result of this idea, many countries, including Australia and New Zealand have stopped telecommunication operators from utilizing Huawei's equipment. However, it seems as if this was only done to the new 5G network instead of the entire network. You see, if it was done and implemented into the entire country and all networks, it could be seen as banning a provider on just the idea of a security risk.
Security is a big deal. This is why many of them don't provide any information on social media and are conscious of where they even log into their banks, as in, logging in at home rather than a coffee shop. To these people, hearing the idea that Huawei might be spying on them or simply shipping products to countries that might do that is enough to make them avoid using any of the companies products.