Canada grants bail for arrested Huawei CFO who faces US extradition

Canada grants bail for arrested Huawei CFO who faces US extradition

6 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/12/11/canada-grants-bail-for-arrested-huawei-cfo-who-faces-us-extradition.html

A Vancouver judge set a $10 million CAD bail ($7.5 million U.S.) for Huawei Chief Financial Officer Meng Wanzhou Tuesday, capping a week of increasing trade tensions and strong market reactionsaround the dispute between the Department of Justice and one of China's largest hardware companies.

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. 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.

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