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RSS FeedsHuawei CFO Meng Wanzhou granted bail
(The Star Toronto Raptors)

 
 

12 december 2018 00:37:38

 
Huawei CFO Meng Wanzhou granted bail
(The Star Toronto Raptors)
 


VANCOUVER—Huawei CFO Meng Wanzhou, arrested in Vancouver last week, has been released on bail.Meng, arrested while changing planes in Vancouver Dec. 1 at the request of American authorities, was granted bail in B.C. Supreme Court. The Huawei executive was released on a $10 million surety and will remain in Vancouver, where she owns two homes, while she awaits extradition proceedings.The Crown questioned whether Meng’s husband would keep her from fleeing if she were granted bail, following similar questions raised in court the day previous.But Meng’s lawyer offered up a neighbour, former colleagues and her husband’s realtor, who pledged their own home equity or savings — totalling more than $3 million — to act as surety for Meng’s release.Meng is being sought for extradition to the United States on allegations of fraud. She had just spent her 10th night at the Alouette Correctional Centre for Women in Maple Ridge, B.C., about an hour east of Vancouver.The first two days of the bail hearing saw the defence work hard to establish assurances that Meng would not be a flight risk if released. Monday’s proceedings ended with the Crown questioning how meaningful surety given by her husband, Liu Xiaozong, could be. Liu is not a Canadian resident and is currently in British Columbia on a visa set to expire on Feb. 6, 2019.Read more:Lawyer for Huawei exec proposes monitoring bracelet, 24-hour surveillance in bid for freedomBail hearing for Huawei exec reveals fraud allegations at heart of international strifeWhat we know and don’t know about the arrest of Huawei CFO Meng WanzhouDefence lawyer David Martin said Tuesday that Meng’s realtor had helped the family purchase their two multimillion-dollar homes in Vancouver and would put his own home — worth $1.8 million, according to his affidavit — up for surety, as well.Four more individuals were then named by Martin as further guarantors of Meng’s su ...


 
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