Tuesday 22 January 2019

Huawei exec bailed ahead of extradition fight

Meng Wanzhou, Huawei Technologies's chief financial officer. Photo: Reuters
Meng Wanzhou, Huawei Technologies's chief financial officer. Photo: Reuters

Olivia Feld

The Chinese executive accused of violating US sanctions against Iran has been granted bail while she awaits an extradition hearing to the US following her arrest in Canada.

Meng Wanzhou (46) is facing extradition after she was arrested at Vancouver Airport earlier this month.

Ms Meng, the chief financial officer of the Chinese telecommunications giant Huawei, has been accused of conspiracy to defraud banks after the company allegedly skirted sanctions on Iran.

Justice William Ehrcke, who presided over her three-day bail hearing in Vancouver, set her bail at C$10m (€6.5m) and placed several other conditions including surrendering her passports and agreeing to remain in British Columbia.

She must reside in one of her two Vancouver properties between 11pm and 6am, pay for her own security, and will be tracked electronically via an ankle bracket, said the judge.

Huawei said: "We have every confidence in the Canadian and US legal system will reach a just conclusion."

Ms Meng will return to court in Vancouver on February 6 for further proceedings.

"The risk of her non-attendance in court [for a future extradition hearing] can be reduced to an acceptable level by imposing the bail conditions proposed by her council," the judge said.

US President Donald Trump said on Tuesday he would intervene in the Justice Department's case against Ms Meng if it served national security interests or helped seal a trade deal with China.

"Whatever's good for this country, I would do," said Mr Trump. (© Daily Telegraph London)

Telegraph.co.uk

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