Canada grants Huawei CFO bail as Trump offers to wade into the legal fight
Meng Wanzhou was released 10 days after her arrest in Vancouver at the request of US authorities sparked a diplomatic dispute
Vancouver — A top executive of Chinese telecoms giant Huawei was granted bail by a Canadian court on Tuesday, 10 days after her arrest in Vancouver at the request of US authorities sparked a diplomatic dispute. Huawei CFO Meng Wanzhou, who is also the daughter of the company’s founder, faces US claims that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating US sanctions. In a court hearing in Vancouver, British Columbia, justice William Ehrcke granted C$10m (US$7.5m) bail to Meng, who has been jailed since her arrest on December 1. The courtroom erupted in applause when the decision was announced. Meng cried and hugged her lawyers. Among conditions of her bail, the executive must wear an ankle monitor and stay at home from 11pm-6am. Five friends pledged equity in their homes and other money as a guarantee she will not flee. If a Canadian judge rules the case against Meng is strong enough, Canada’s justice minister must next decide wh...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.