Huawei’s finance chief and daughter of its founder, Meng Wanzhou(46) was arrested on the 1st of December in Vancouver, Canada,
Ms. Meng, the eldest daughter of Ren Zhengfei, the leader of the telecom equipment maker, has appeared before reporters to announce the company’s financial results. She has spoken at company events in New York; Cancún, Mexico; and beyond. She helped inaugurate centers in Britain, a key market for the Chinese giant’s expansion into the Western world.
Huawei has said that it is not aware of any wrongdoing by Ms. Meng, and China’s Foreign Ministry has called for her immediate release. But on Friday, in a bail hearing in British Columbia’s Supreme Court, Canadian authorities said Ms. Meng was accused of fraud. They said she had “direct involvement” with Huawei’s representations to banks, telling at least one financial executive that Huawei and Skycom were operating in Iran in strict compliance with United States sanctions when that was not the case.
Ms. Meng also sat on the board of a Huawei partner company in Hong Kong called Skycom Tech that Canadian authorities now say did business in Iran. And through that position and her job at Huawei, Ms. Meng may have personally been involved in tricking financial institutions into making transactions that violated United States sanctions against Iran, they said.
That has thrust Ms. Meng, 46, into the center of what promises to be a complex diplomatic tussle between the United States and China. She while changing flights, at the request of the American government, which is seeking to extradite her. The action escalated what had already been a roller-coaster year of economic conflict between the two powers, ahead of tricky negotiations to end a brutal trade war.