Huawei CFO Meng Wanzhou of China granted $10 million bail by Canada judge, awaits US extradition hearing

Xeni Jardin 3:19 pm Tue Dec 11, 2018

A judge in Canada today granted $10 million bail for Meng Wanzhou, the CFO of China electronics giant Huawei. She has to remain in the Vancouver area, where she has a home. The United States has requested her extradition. China is not happy. Huawai's response follows.

BBC:

Meng Wanzhou could be extradited to the US to face fraud charges linked to the alleged violation of sanctions on Iran.

A judge in Vancouver set her bail at C$10m (£6m; $7.4m) including C$7m in cash.

Meng was arrested in Vancouver on 1 December. Her detention has angered China and threatened to worsen its trade war with the US.

Here is Huawei's official statement on her release, which came out around 6pm ET Tuesday.

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