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Canada Grants Bail For Arrested Huawei CFO Who Faces US Extradition (cnbc.com)

Posted by BeauHD on from the breaking-news dept.

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.

5 of 234 comments (clear)

  1. China, no question by Pollux · · Score: 4, Interesting

    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.

    1. Re:China, no question by iCEBaLM · · Score: 3, Interesting

      China has already retaliated:

      https://www.cbc.ca/news/politi...

    2. Re:China, no question by AC5398 · · Score: 4, Interesting

      Yeah, but destination country would be China. I hardly think China would arrest her for violating her bail in Canada.

      And I hope she runs. The US did this to harm Chinese/Canadian relations.

    3. Re:China, no question by Anonymous Coward · · Score: 3, Interesting

      You could have substituted "US" for "China" in that post, and it would have exactly as convincing.

      It was a boneheaded move to arrest this woman. Getting the Canadians to do it - just drags them down too. Frankly I'm surprised they went along, I suspect there's not many countries left that would have now. (Try pulling a stunt like this in, say, Australia or Japan instead. No chance.)

      Note that the person arrested in that story - even assuming, as seems likely, it was simple retaliation - is hardly a nameless "innocent that can't defend himself". He's a former diplomat, which means he knows the score and he's well able to look after himself.

  2. Re:Arrest "on suspicion" by Anonymous Coward · · Score: 2, Interesting

    It is not Canada who cares. It is the USA and there is some extradition treaty the RCMP are bound by.