Meng Wanzhou, Chief Financial Officer of Chinese tech giant Huawei was arrested in Canada and threatens extradition to the US.
In a statement on Wednesday, Canada's Department of Justice said Meng had been arrested in Vancouver on December 1.
"It is targeted by the United States for extradition, and a hearing on bail is scheduled for Friday."
The ministry added that it could not provide any further information due to a ban on publishing. Wanted by Meng.
There was no immediate comment from Huawei.
The Wall Street Journal reported earlier this year that US authorities are investigating whether Huawei, is one of the world's leading manufacturers of telecommunications power supplies violating sanctions against Iran.
Meng is also Deputy Chairman of the Board and the daughter of company founder Ren Zhengfei.
John Hendren, Al Jazeera's report from Washington, DC, said the arrest " could be a major strike f or Huawei".
"Huawei is one of the largest manufacturers of smartphones, it uses parts of the US that are sanctioned against Iran and does not want its parts used there, and Meng was arrested in Canada on suspicion of circumventing these trade sanctions . "
Hendren said that in the worst case scenario, Huawei" may lose access to the US parts it uses to make its smartphones ̵
He added to the hearing on Friday will decide if Meng will be extradited to the US.
Huawei has been tightly controlled in the US, where the government's national security agencies say the alleged close links with the Chinese government pose a security risk.
The US business has been severely curtailed by concern that could undermine its US competitors and the fact that its mobile phones and network devices, which are widely used in other countries, could provide Beijing's espionage capabilities.
Hendren Despite the rejection of the Chinese company, Washington has already taken a number of "exceptional measures," including President Donald Trump, who signed an order prohibiting the use of Huawei products in nuclear facilities in the US while Congress passed a law "This [the arrest] will likely stir up the Chinese government and exacerbate the already intense trade war between the US and China," Hendren added. This dispute between the two largest economies in the world  This year, the Trump government has imposed tariffs on a total of $ 250 billion in Chinese imports, while China has imposed tariffs on US imports of $ 110 billion.
was largely excluded from the critical US market, Huawei Apple surpassed and was in the second quarter of this year, the number two smart phone manufacturers in the world, Samsung's market leader in the sights.
Al Jazeera and news agencies