Huawei. A new very hard blow is given to the Chinese company today after one of the very important members of the management team was arrested by the authorities for violating some embargoes. More specifically, Meng Wanzhou, the daughter of the CEO of Huawei, was arrested by the Canadian authorities, at the request of those in the USA, being accused of violating the American ban on selling products to Iran, although the company has already been sanctioned for this.
Huawei. It is not known for now if it is about the previous violation of the sanctions imposed by the USA against Iran, and the ban on American companies to sell products to this country. Regardless of this, the arrest of the daughter of the president of Huawei is a very hard blow to the company, but also to the negotiations that are currently being conducted between the presidents of the USA and that of China regarding the trade agreement and related sanctions.
Huawei. HARD BLOW, IMPORTANT Director ARRESTED
Huawei. Following the announcement of the arrest of the daughter of the company's CEO, Meng Wanzhou, who is also the CFO, the price of shares began to fall on the American stock market, the same thing happening with the shares of ZTE, or of the company's partners. Today's arrest further calls into question the evolution of the Huawei company after the US demanded a global ban on the company's mobile phone equipment, and the prevention of their use for future 5G networks, the phones also being banned in US institutions.
The daughter of Chinese tech giant Huawei's founder has been arrested in Canada and is facing extradition to the United States. The arrest is related to violations of US sanctions, a person familiar with the matter said. 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 Friday.
Huawei. This arrest can also lead to the blocking of the activity of the subsidiary in the USA, plus the possible application of a huge fine, as happened in the case of those from ZTE just a few months ago. No matter how the company manages the situation, it is quite clear that the US is determined to destroy Huawei, and every blow it gives to the company affects its image, its credibility, and subsidiarily affects the Chinese government, which is said to be closely related to the management of the company , according to rumors.
