Arrest of The Huawei Technologies Co.’s CFOr, Wanzhou Meng Send Shock Waves.

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As China began to celebrate the Huawei's ascendance over taking Apple in the smartphone shipments, the arrest of Huawei Technologies Co.’s chief financial officer, Wanzhou Meng, over potential violations of U.S. sanctions on Iran, provoking outrage from China and complicating thorny trade negotiations just as they enter a critical juncture.
Chinese government through it's embassy in Canada requested that  the USA. and Canada, “rectify wrongdoings” and free Wanzhou Meng, who is also deputy chairwoman and the daughter of Huawei founder Ren Zhengfei. As a result of the arrest, U.S. equity futures and Asian stocks slid as the incident reignited concerns about U.S.-Chinese tensions.
Information regarding the arrest is sparse. Canada’s Justice Department has declined to provide details of the case and Meng has secured a publication ban, which curbs the media’s ability to report on the evidence or documents presented in court.