China's Huawei executive seeks bail in U.S. extradition case
Published Date: 12/10/2018
Source: news.yahoo.com
A Canadian provincial court on Monday weighed whether to grant bail to a top executive of one of the world's biggest telecommunications companies, Huawei Technologies [HWT.UL], while she awaits a ruling on extradition to the United States. U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she misled multinational banks about Huawei's control of a company operating in Iran, putting the banks at risk of violating U.S. sanctions which would incur severe penalties, court documents said. Meng's lawyers told the court high-tech surveillance devices would ensure their client does not flee and proposed a C$15 million ($11.3 million) bail guarantee for her release.