VANCOUVER—Huawei’s chief financial officer Meng Wanzhou has been released on bail.The decision set off a burst of applause in Vancouver’s B.C. Supreme Court, where arguments for and against her release were heard over three days. The telecom executive was released on $10-million bail: $7 million in cash and a $3-million surety made up of property from four associates. She will remain in Vancouver, where she owns two homes, while she awaits extradition proceedings.She is ordered to stay inside her home on West 28th Ave. from 11 p.m. until 6 a.m. and be subject to 24-hour-a-day monitoring by both a live security detail and electronic ankle bracelet. She must pay for the cost of her security monitoring.Meng must surrender her passports but is allowed to travel within Vancouver, the North Shore and a portion of Richmond excluding the airport.Meng smiled and nodded at her husband after the judge finished reading his decision, wiping a tear from her eye. Earlier, she had told her lawyer that upon her release, her “only simple goal” is to be with her husband and daughter.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 WanzhouBefore his decision, Justice William Ehrcke called claims that Meng had avoided travel to the U.S. to dodge a suspected investigation “speculative and without any reliable foundation.” U.S. authorities had alleged Huawei was aware of an American investigation into its subsidiary companies, prompting Meng to steer clear of the country since April 2017.In a statement after the decision, Huawei Canada stressed its compliance with international law, including the sanction laws of the U.S. and the EU and said it believes Meng will be treated justly by the legal system.“We have every confidence that ...
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