10 Dec 2018
The arrest in Canada of a top Chinese technology executive for possible extradition to the United States has roiled markets and cast doubt on a recent U.S.-China trade truce.
Huawei Technologies Co Ltd [HWT.UL] Chief Financial Officer Meng Wanzhou, who is also the daughter of the telecommunications company’s founder, was detained on Saturday while changing planes in Vancouver.
A person familiar with the matter told Reuters she faces extradition on charges related to U.S. sanctions violations.
Chinese authorities have criticized the United States and Canada, saying they did not explain why Meng was arrested and demanded her release.
These are steps that U.S. authorities typically follow in seeking arrests and extraditions of individuals in foreign countries.
– By Brendan Pierson, Jonathan Stempel, Reuters, 6 Dec 2018
Link to Reuters.
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