A top executive of Chinese tele-coms giant Huawei Technologies Co., Ltd. who is wanted by the United States to face fraud accusations was granted bail of 10 million Canadian dollars (\848 million) by a Canadian court on Dec. 11.
In a court hearing in Vancouver, British Columbia, Justice William Ehrcke granted bail to Meng Wan-zhou, Huawei’s chief financial officer and the daughter of its founder. She has been jailed since her arrest on Dec. 1 for allegedly breaking U.S. sanctions on Iran.
If a Canadian judge rules the case against Meng, 46, is strong enough, Canada’s justice minister must decide whether to extradite her.
The U.S. alleges that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions. She could face substantial prison time in the U.S.
However, U.S. President Donald Trump said he would intervene in the Justice Department’s case against Meng if it would serve national security interests or help close a trade deal with China. (Reuters)