Canada court grants bail to Huawei CFO
A top executive of Chinese telecoms giant Huawei Technologies Co Ltd wanted by the United States to answer to fraud accusations was granted C$10 million ($7.5 million) bail by a Canadian court on Tuesday, a move that could help soothe Chinese anger over her arrest.
Meng Wanzhou, 46, Huawei's chief financial officer and the daughter of its founder, faces US claims that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating US sanctions.
In a court hearing in Vancouver, British Columbia, Justice William Ehrcke granted bail to Meng, who has been jailed since her arrest on December 1. She will be subject to monitoring, a curfew and other conditions. If a Canadian judge rules the case against Meng is strong enough, Canada's justice minister must next decide whether to extradite her.
US President Donald Trump told Reuters on Tuesday 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.
The arrest of Meng has put a further dampener on Chinese relations with the United States and Canada at a time when tensions were already high over an ongoing trade war and US accusations of Chinese spying.
China had threatened severe consequences unless Canada released Meng immediately. Analysts have said retaliation from Beijing over the arrest was likely.
The US State Department is considering issuing a travel warning for its citizens, two sources said on Tuesday, while the Canadian government confirmed that one of its citizens in China had been detained.
Two sources told Reuters the person detained was former Canadian diplomat Michael Kovrig. The Canadian government said it saw no explicit link to the Huawei case.
However, Guy Saint-Jacques, Canada's former ambassador to China, asked by the Canadian Broadcasting Corp whether the Kovrig detention was a coincidence, said: "In China there are no coincidences ... If they want to send you a message they will send you a message."
The Chinese embassy did not immediately reply to a request for comment.
https://www.moneycontrol.com/news/b...huawei-cfo-trump-might-intervene-3280411.html
A top executive of Chinese telecoms giant Huawei Technologies Co Ltd wanted by the United States to answer to fraud accusations was granted C$10 million ($7.5 million) bail by a Canadian court on Tuesday, a move that could help soothe Chinese anger over her arrest.
Meng Wanzhou, 46, Huawei's chief financial officer and the daughter of its founder, faces US claims that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating US sanctions.
In a court hearing in Vancouver, British Columbia, Justice William Ehrcke granted bail to Meng, who has been jailed since her arrest on December 1. She will be subject to monitoring, a curfew and other conditions. If a Canadian judge rules the case against Meng is strong enough, Canada's justice minister must next decide whether to extradite her.
US President Donald Trump told Reuters on Tuesday 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.
The arrest of Meng has put a further dampener on Chinese relations with the United States and Canada at a time when tensions were already high over an ongoing trade war and US accusations of Chinese spying.
China had threatened severe consequences unless Canada released Meng immediately. Analysts have said retaliation from Beijing over the arrest was likely.
The US State Department is considering issuing a travel warning for its citizens, two sources said on Tuesday, while the Canadian government confirmed that one of its citizens in China had been detained.
Two sources told Reuters the person detained was former Canadian diplomat Michael Kovrig. The Canadian government said it saw no explicit link to the Huawei case.
However, Guy Saint-Jacques, Canada's former ambassador to China, asked by the Canadian Broadcasting Corp whether the Kovrig detention was a coincidence, said: "In China there are no coincidences ... If they want to send you a message they will send you a message."
The Chinese embassy did not immediately reply to a request for comment.
https://www.moneycontrol.com/news/b...huawei-cfo-trump-might-intervene-3280411.html
