Huawei CFO Meng Wanzhou Released on $10M Bail in Vancouver

Huawei-Meng-Wanzhou

Meng Wanzhou, CFO of Chinese tech giant Huawei, has been granted bail at 10 million Canadian dollars under the condition of 24-hour surveillance while awaiting extradition to the United States from Canada.

Justice William Ehrcke of the Supreme Court of British Columbia announced the ruling after a three-day bail hearing in Vancouver. Meng and her husband will be accountable for the 7 million CAD cash deposit while her acquaintances will pay for the rest. Meng must hand in her passport, wear an electronic ankle tag, and be subjected to a curfew between 11 p.m. and 6 a.m.

The judge said in his statement that the arrest of Meng was requested by Washington, but the United States hasn’t formally filed for her extradition. The judge ruled that the US has 60 days from Meng’s arrest on Dec. 1 to make an extradition request with Canadian authorities.

SEE ALSO: Huawei CFO Arrested in Canada with Possible Extradition to U.S.

Huawei issued a statement following the ruling, saying: “We are confident that the Canadian and US legal systems will reach a just conclusion in the following proceedings.” The mobile phone manufacturer also mentioned in the statement that it complies with all applicable laws and regulations in the nations where it operates.

According to Reuters, US President Trump said he could intervene in the case of the Huawei executive in order to prevent further deterioration in US relations with China. He indicated that the release of Meng could be part of a broader trade deal with China.

“Whatever’s good for this country, I would do,” Trump added in the statement.

Meng Wanzhou was arrested on Dec. 1 at Vancouver International Airport with claims of violation of sanctions on Iran by the US, adding uncertainties to the bumpy China-US relationship.

In reaction to Meng’s arrest, the Chinese Foreign Ministry summoned both the US and Canadian ambassadors in protest. The ministry described the treatment Meng received as “lawless” and “extremely vicious” and urged her release.

Featured photo credit to Reuters