Huawei's CFO Meng Wanzhou has been released from arrest in Canada after agreeing to post CAD 10 million bail after three days of hearings, the CBC reports. She must remain at a home owned by her husband in Vancouver and in the province of British Colombia while the court decides on a US extradition request for Meng to face fraud charges.
She must also surrender her passports, wear an electronic monitoring bracelet on her ankle and live under surveillance 24/7. Meng has been ordered to pay the surveillance costs herself. The judge said the terms proposed by Meng's legal team were enough to offset the risk of her fleeing Canada or not appearing again in court.
The extradition process could take months. Meng is scheduled to appear in court again on 06 February to set a date for those proceedings.
In a statement posted on Twitter, Huawei said it "looks forward to a timely resolution" and said it has "every confidence that the Canadian and US legal systems will reach a just conclusion in the following proceedings". The company reiterated that it "complies with all applicable laws and regulations in the countries and regions where we operate, including export control and sanction laws of the UN, US and EU".
Trump intervention
US 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. She has been accused by the US of misleading multinational banks about Iran-linked transactions, putting the banks at risk of violating US sanctions.
Trump said in an interview with Reuters: "If I think it’s good for what will be certainly the largest trade deal ever made – which is a very important thing – what’s good for national security – I would certainly intervene if I thought it was necessary".
