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Canada Grants Bail For Arrested Huawei CFO Who Faces US Extradition (cnbc.com)
A judge in Vancouver, British Columbia, has set a $7.5 million U.S. bail for Huawei CFO Meng Wanzhou, who was arrested last week on suspicion of violating U.S. trade sanctions against Iran. "The United States had asked the Vancouver court to deny bail for Meng, whose father is a billionaire and a founder of Huawei, calling her a flight risk," reports CNBC. From the report: Canada has been expected to extradite Meng to the United States over charges that the company improperly took payments from Iran in violation of sanctions against the country. Meng's next moves will be closely watched, but it is likely with her corporate and family connections that she will be able to make bail. The $10 million CAD ($7.5 million USD) includes $7 million CAD ($5.2 million USD) cash and $3 million CAD ($2.2 million USD) more from five or more guarantors, presented by Meng and her attorney's as sureties that she would remain in the country. As conditions of the bail agreement, Meng must surrender her passports, wear a GPS tracking device and be accompanied by security detail whenever she leaves her residence.
What's the betting line on whether the next country she goes to is China vs the US?
Your ad here. Ask me how!
At least, that's what I sent.
Good. It figures. Most of the press were sure she would get out of jail. It is not like she is going to up and disappear
Bet she's glad to be oot, eh?
One cannot be arrested "on suspicion" in Canada, arrest "on suspicion" being reserved for Fascist/Nazi countries. In Canada one may only be arrested "for" something and trial on the thing "for" which one was arrested must follow the arrest.
Huawei CFO facing extradition to US granted bail
By Julia Horowitz, Alberto Moya and Scott McLean, CNN Business
Updated 7:08 PM ET, Tue December 11, 2018
Vancouver, Canada (CNN Business)The chief financial officer of Chinese tech giant Huawei has been granted a $10 million ($7.5 million USD) bail, a judge in Canada ruled Tuesday.
Meng Wanzhou faces extradition to the United States, which has accused her of helping Huawei dodge sanctions on Iran. She was arrested December 1 in Canada during a layover at Vancouver International Airport.
As a condition of her release, Meng has agreed to surrender her passports and live in one of her homes in Vancouver. She will also pay for a 24-7 security detail and wear a GPS ankle bracelet.
Tuesday's decision came three days into a hearing for Meng, who is a prominent executive at one of the world's biggest makers of smartphones and networking equipment.
Meng's attorney, David Martin, argued that she should be released on bail while she waits for an extradition hearing because of health concerns. Meng has severe hypertension, for which she was hospitalized after her arrest.
At issue in court was whether Meng posed a flight risk. Martin said she did not, since her ties to Vancouver go back 15 years and she has two homes in the area. Leaving Canada would also embarrass her personally, and would humiliate her father, Huawei and China itself, Martin said.
On Tuesday, Meng's legal team proposed that the terms of her release could include financial pledges from people in Canada who know her, such as a realtor and insurance agent. Together they pledged more than $3 million ($2.2 million USD) in home equity and cash, which they'd owe if Meng flees. Her husband also offered to put up the couple's two houses in Vancouver.
The judge agreed to those terms. Of Meng's $10 million bail, $3 million of that is pledged by her sureties. The other $7 million ($5.2 million USD) is a cash deposit from Meng.
Tuesday's decision could help ease tensions between Washington and Beijing as the two sides try to negotiate an end to their bruising trade war. Her arrest had been met with consternation from Chinese officials. The Chinese Foreign Ministry said over the weekend that it had summoned both US Ambassador to China Terry Branstad and Canadian Ambassador to China John McCallum to address Meng's detention, which it described as "lawless, reasonless and ruthless."
President Donald Trump said in an interview with Reuters on Tuesday that he would intervene in the Meng case if he thought it was "good for the country." "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," Trump told Reuters.
Meng, 46, is the daughter of Huawei's founder. In addition to her role as CFO, she serves as deputy chairperson of the company's board. Huawei said in a statement that the company has "every confidence that the Canadian and US legal systems will reach a just conclusion" in the case. The company reiterated that follows all the laws and regulations where it operates.
The United States alleges that Meng helped Huawei get around US sanctions on Iran by telling financial institutions such as HSBC that a Huawei subsidiary, Skycom, was a separate and unaffiliated company.
The US Justice Department has declined to comment on the case. Meng faces "serious charges of fraud involving millions of dollars" in the United States, according to the affidavit of a Canadian law enforcement official. She could receive substantial jail time if convicted, the statement said.
The process of approving or denying Meng's extradition is expected to take months. Meng is due back in court February 6.
As soon as they granted her bail, China, no question. If the US really wanted her, they would have made arrangements to get her immediately after her arrest. Since the US didn't arrange that, then it's safe to say this was designed to be a shot across the bow at China, nothing more. But China clearly got the message. If you are a Chinese national in the United States (or Canada), you are vulnerable.
I found it so funny that they took away her passports. That only works for people who fly commercially. Chartered private planes don't require them. And with her estimated net worth at over $100 million, it won't take anything for her line up a flight direct to Beijing.
It's like the typical prelude to a real war.
Utterly childish bickering on a state level. About who stole whose sand mold and shovel.
Seriously, the US needs to realize that its "bullying the world" times are over. Every act like that that they do now, is gonna make them fail faster, as it puts their inability to reign on global display every time. And after a few, everyone will know that nobody is scared anymore, and then they're done.
I just hope that it's not China taking over. Because if you thought US capitalism was evil and crazy, you haven't seen Chinese capitalism. They out-capitalist the US in the worst way. And are also a regime, like the US. (Although not a corporate one. But a "traditional" one.)
Hmm, is there a single good country left? One that openly rejects the whole totalitarian surveillance and arming and neo-nationalist insanity that seems to be common to ALL the countries... even ones that you thought were complete opposites, like China and the US and Russia and I don’t know...
As conditions of the bail agreement, Meng must surrender her passports, wear a GPS tracking device and be accompanied by security detail whenever she leaves her residence.
And. . . She's gone!
She will check back in about a month from now and apologize for her misdeeds to China and swear she is a model Chinese citizen. Seen it before.
The fact that this happened right as Trump was smoothing things out with Xi can only be explained by a willful desire by DoJ staffers to make it blow up in Trump's face. It looks like aside from John Bolton, no one in the cabinet even knew that the DoJ was planning a move that amounts to making foreign policy.
Make no mistake. This move by the DoJ during the trade negotiations was no less aggressive and "making foreign policy" than if the DoD decided to move an entire carrier battle group off the shore of one of China's disputed islands and fly half its aircraft in a very aggressive, simulated bombing run of the PLA forces stationed there.
and what bondsman will take that risk?
Held him without cause, why... because they can.
[($)]
Fascist USA thinking they get to decide who trades with who.
The United States killed millions more than Iran ever did.
The world should put sanctions on the US.
Take their money away from them. Fucking pigs.
... surrender her passports,"
A Chinese issued passport that will be easily replaced once she gets back to China.
"...wear a GPS tracking device..."
that can be easily disabled/spoofed by anyone with the know how. (it was probably made in China)
"...and be accompanied by security detail ..."
that will be even easier to disable/evade than the GPS tracking device by anyone who doesn't care about pissing off the Canadians.
And then it will be onto a private jet that will have filed a flight plan to San Diego but will then overshoot into Mexican airspace and disappear off RADAR never to be heard from again. Unless the plane has the range to make it back to China without a refuel in which case the flight plan will be to Anchorage, after all, someone fleeing US custody would never get on a plane going to the USA.
Any judge who didn't agree that the CEO of a multi-billion company with close ties to a foreign Government that would NOT want to end up in the USA was not a flight risk is an idiot of unparalleled magnitude, or someone has some really bad dirt on them that made it worth doing something this stupid.
https://www.zerohedge.com/news...
She has SEVEN passports that we know about (4 from China, 3 from HK), plus at least one more than listed.
Simultaneously, she's a cause celebre for the Chinese GOVERNMENT.
And so she's NOT a flight risk?
-Styopa
For running lax security, it would be free money after the eventual flight.
It's not the highest of secure nations. It would be a trifle for China to extract Meng. The police all still ride on horses, for Christ's sake!
Run Meng run!
with out an passport you can't board an flight
Would be to release her totally and let her fly away.
At the same time, turn on the rumour machine that she's turned into a double agent as a condition of her release.
she has the resources to sneak out of the country unless they post someone on her 24/7. An ankle bracelet isn't going to do. I'd guess that the US is willing to post a couple agents keeping an eye on her.
Most American allies are buying Cisco instead of Huawei under US pressure. However Canada will probably be so embarrassed by this kangaroo arrest that they will allow Huawei to do business in Canada
**Life is too short to be serious**
I'm willing to bet there was never any intention to arrest her. She broke an American law and someone at the DoJ just went through the motion of getting the arrest warrant for her. They never thought it would be acted on as she wasn't going to come to the USA. They failed to realize that the extradition treaty with Canada bound the RCMP to arrest her. I suspect there is a lot more wiggle room in the USA on acting on arrest warrants than there is in Canada.
The worst industrial disaster in history is the Bhopal disaster caused by Union Carbide, now a fully-owned subsidiary of Dow Chemical. Around 4,000 people died instantly, and ~ 500,000 people were injured. This is higher casualty than all the “chemical warfare” in the Middle East combined. After 5 years of litigation, Union Carbide paid $470 million to settle the case. UCC Chairman Warren Anderson was flown out of India immediately, and none of the UCC American owners and corporate officers have ever spent a day in jail.
The worst environmental disaster in history is the Exxon Valdez oil spill. 35,000 tons of oil was released close to the coastal habitat of salmon, otters, seals, and seabirds, covering 1,300 miles of coastline and 11,000 square miles of ocean. 22 orcas, 3,000 sea otters, a quarter million sea birds were wiped out. After 20 years of litigation, Exxon paid ~ $500 million in punitive damages. The boat captain got community service. None of the Exxon executives has ever spent a day in jail.
The worst financial disaster since the Great Depression is the Financial crisis of 2007–2008. Triggered by the subprime mortgage collapse in the US, DJI dropped from a high of ~ 14,000 to a trough of 6,600. The financial crisis spreat from the US to the rest of the world, wiped out an estimated $2.8 trillion from financial institutions, of which, about $1 trillion came from the US banks, and the rest from Europe and Asia. Most countries in the world have still not recovered to this day, but Wall Street was awarded $700 billion bailout immediately. Emergency Economic Stabilization Act of 2008 None of the Wall Street bankers has ever seen a day in jail.
Trump, whose associates have been accused in court filings of having dealt with sanctioned Russian banks to try to get the Trump Moscow tower financed, has suggested that if China agrees to trade negotiations, then the charges against the Huawei CFO may be dropped. I am no fan of Huawei, and I think that it is likely that Huawei may have violated US sanctions on Iran. But if this tactic actually works for Trump, then what is next? Will Trump detain other high-profile business people from foreign countries to use as a bargaining chip for other trade deals? And why is Canada now doing Trump's bidding?
RCMP didn't just arrest her on their own-- they were irequested by US DOJ to detain her. Now they are awaiting a formal request for extradition; if none comes, they'll let her go in 60 days.
I suspect there is a lot more wiggle room in the USA on acting on arrest warrants than there is in Canada.
US arrest warrants have no standing in Canada. Instead, there was a request issued to Canada per Article 11 of the treaty:
> (1) In case of urgency a Contracting Party may apply for the provisional arrest of the person sought pending the presentation of the request for extradition through the diplomatic channel. Such application shall contain a description of the person sought, an indication of intention to request the extradition of the person sought and a statement of the existence of a warrant or arrest or a judgment of conviction against that person, and such further information, if any, as would be necessary to justify the issue of a warrant of arrest had the offense been committed, or the person sought been convicted, in the territory of the requested State.
I got a feeling Canada is going to get to keep that bail money after she eventually slips out of the country.
Just wait for the Trump Financial Crisis. That will make the Greenspan/Bush one pale.
Go to China embassy, get on a specially prepared jet, direct flight to home.
They should have "granted" her gitmo.
It is well known in the world how Huawei has created its business. Should it go unpunished?
... program, she has an Android duct-taped to her ankle.
Google's CEO Thinks Android Users Know How Much Their Phones Are Tracking Them
It little behooves the best of us to comment on the rest of us.
Tell us, is it meaty or more MSG?
What's to stop China declaring trade sanctions against Canada and Arresting US citizens for trading with them?
1. Charge someone with "suspicion" without any real charges or evidence - that's when the fishing starts
2. If they are in another country, (try to) extradite them.
3. Character assasination - "OMG they once smoke mari-hu-ana, they must be bad"
4. Once they are on US soil, it's game over, they *will* be found "guilty"
5. One way trip to a dark hole that may or may not exist on US soil.
Like Kim Dotcom here in NZ, she has money (a lot of it) so she will be lawyering up big time to fight the extradition. No-one relly cares if Huawei sold to Iran, fuck the US Government, running an country which is an authoritarian state ("We thank you in advance for your cooperation").
Please don't feed this troll. They posted the same exact text on the article related to the Bloomberg/Super Micro hack:
https://hardware.slashdot.org/...
If you post as Anonymous Coward, don't expect a reply.
That's because Canada not only respects the Rule of Law, they respect treaties.
Unlike some countries ...
-- Tigger warning: This post may contain tiggers! --
She has already exploited a weakness in the Huawei AnkleTrac to remove it and place it on a body double. She and her family are already on their way back to China on fake identities.
What I don't get is why Canada would arrest a Chinese national even if she did business with Iran against which one lone US politician (Trump) unilaterally tore up a treaty and imposed sanctions.
China did not impose sanctions against Iran. Canada could care less if China does business in Iran. The U.S. has no right to tell China not to do business with Iran. Most U.S. allies are actually pissed that the treaty was nullified.
WTF