Canadian court grants bail to CFO of China's Huawei

[Eugene]

Source: Reuters

WORLD NEWS DECEMBER 11, 2018 / 3:04 AM / UPDATED 13 MINUTES AGO

Canadian court grants bail to CFO of China's Huawei

Julie Gordon, Michael Martina
2 MIN READ

VANCOUVER/BEIJING (Reuters) - A Canadian court on Tuesday granted bail to a top executive of Huawei Technologies Co Ltd while she awaits a hearing for extradition to the United States, a move that could help placate Chinese officials angered by her arrest.

Meng Wanzhou, 46, Huawei’s chief financial officer and the daughter of its founder, faces U.S. accusations that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions.

Justice William Ehrcke at a court hearing in Vancouver, British Columbia, on Tuesday granted bail to Meng, subject to a guarantee of C$10 million ($7.5 million) and other conditions.

China had threatened severe consequences unless Canada released Meng immediately.

A Canadian citizen has been detained in China, Canada said on Tuesday. The Canadian government said it saw no explicit link to the Huawei case, but analysts had predicted retaliation from Beijing. Two sources told Reuters the person detained was former Canadian diplomat Michael Kovrig, who now works for a think tank.

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Read more: https://www.reuters.com/article/us-usa-china-huawei/canadian-court-grants-bail-to-cfo-of-chinas-huawei-idUSKBN1OA0M4

[applegrove]

1. The Chinese think the Canadian politicians can control the justice system.

They can't. We have an extradition agreement with the US. It is a separate branch of government.