Huawei CFO Meng Wanzhou Was Granted Bail in Canada

Home » Huawei CFO Meng Wanzhou Was Granted Bail in Canada

The superior Chinese telecoms massive Huawei Technologies Co has approved bail by a Canadian court on Tuesday, 10 days after her detention in Vancouver at the request of US authorities glimmered diplomatic clash. The Huawei’s chief financial officer, famously known as the Meng Wanzhou and his daughter is the founder, faces the US claims that she lied to the multinational banks about Iran-linked transactions, which lead to the banks at risk of violating US endorsements.

In case if any Canadian judge rules the case against Meng is strong enough. Canada’s justice minister must resolve whether to deport her to the United States. Meng would face US charges of plotting to deceive multiple financial institutions. This will lead to a maximum sentence of 30 years for each charge. His arrest has put an additional issue on Chinese relations with the United States and Canada at the same time when. Problems were already high over a current trade war and US claims of Chinese undercover work.

At Vancouver Meng was detained when she was in the process of changing planes. It has been reported that she is innocent and will contest the accusations in the United States if she is deported. On the third day of bail hearings, her lawyer had debated that she was not a flight risk, citing her past ties to Canada. The properties she possesses in Vancouver and fears for her health while confined are all kept in mind.

Her family guaranteed the court she would remain in Vancouver at one of her family houses in a wealthy neighborhood. His husband has also planned to bring their daughter to Vancouver as she needs to attain school regularly.

She must stay in Canada and be secured by security guards when she leaves her house. Meng will pay a cash deposit of CAD 7 million, with five guarantors accountable for a remaining CAD 3 million if she escapes. She was ordered to return in court on February 6 to make plans for further attendances.

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