Huawei CFO Gains Bail in Canada as U.S. Seeks Extradition

Huawei CFO Gains Bail in Canada as U.S. Seeks Extradition

Foto: Fotolia

Huawei CFO Meng Wanzhou was granted bail by a Canadian court, according to Bloomberg. She can stay in her Vancouver home as she awaits a possible extradition to the U.S. over fraud charges.

Justice William Ehrcke of the British Columbia Supreme Court agreed to release Meng after four former colleagues and friends joined her husband in pledging a combined C$10 million ($7.5 million) in cash and home equity to support her bail request. By agreeing to act as “sureties,” the five people commit to ensuring she doesn’t flee and abides by other bail terms.

Meng, 46, will be subject to surveillance at her Vancouver home by a combination of security guards and technology as part of the agreement, and surrender her Chinese and Hong Kong passports. Meng broke into tears and wiped her eyes upon on the announcement from the judge. The viewing gallery applauded.

Ehrcke said the “sole” question in relation to bail was whether Meng had proposed sufficient terms to offset the risk that she might flee the country before the extradition proceedings. The judge ordered her to remain in a restricted area of Vancouver, wear a GPS tracker, pay for the security surveillance and agree to unannounced visits by police at her home. She won’t be released from custody until she fulfills the terms of the bail.

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