Huawei CFO asks for bail before possible extradition to the U.S.

Mail Online | 12/10/2018 | Associated Press;Dailymail.com Reporter
bluelilly (Posted by) Level 3
Click For Photo: https://i.dailymail.co.uk/1s/2018/12/10/22/7259984-0-image-a-14_1544482122428.jpg


Click For Video: https://videos.dailymail.co.uk/video/mol/2018/12/06/701540946562232379/1024x576_MP4_701540946562232379.mp4

The chief financial officer of Chinese telecom giant Huawei asked a Canadian court to grant her bail in exchange for collateral totaling more than $11million in real estate while promising to fund her own private security detail that would monitor her movements.

Meng Wanzhou, the CFO of Huawei and daughter of its founder, was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1 - the same day that Presidents Donald Trump and Xi Jinping of China agreed to a 90-day cease-fire in a trade dispute that threatens to disrupt global commerce.

US - Huawei - Hong - Kong - Company

The U.S. has accused Huawei of using a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions.

It also says that Meng and Huawei misled banks about the company's business dealings in Iran.

Response - Arrest - China - Pressure - United

In response to the arrest, China raised the pressure on the United States and Canada, where the arrest has roiled financial markets.

Her arrest has fueled U.S.-China trade tensions at a time when the two countries are seeking to resolve a dispute over Beijing's technology and industrial strategy.

Sides - Issues - Arrest - Markets - Stock

Both sides have sought to keep the issues separate, at least so far, but the arrest has roiled markets, with stock markets worldwide down again Monday.

China formally protested to the ambassadors of both Canada and the United States over the weekend.

Court - Meng - Bail - Request - Prosecutor

In urging the court to reject Meng's bail request, a prosecutor said Friday the Huawei executive had vast resources and a strong incentive to bolt: She's facing fraud charges in the United States that could put her in prison for 30 years.

On Monday, David Martin, Meng's lawyer, reiterated that Meng was willing to pay for a surveillance company to monitor her and wear an ankle monitor.

Defense - Scott - Filer - Lions - Gate

Called by the defense, Scott Filer of Lions Gate Risk Management...
(Excerpt) Read more at: Mail Online
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!