Arrested Huawei CFO granted bail by Canadian judge
Seeking Alpha
Published Dec 11, 2018 06:43PM ET
Arrested Huawei CFO granted bail by Canadian judge
- Huawei Technologies CFO Meng Wanzhou is granted bail by a Canadian judge, set at C$10M (US$7.5M).
- The U.S. government had asked the Vancouver court to deny bail for Meng, calling her a flight risk; it wants Canada to extradite Meng to the U.S. over charges that Huawei improperly took payments from Iran in violation of sanctions.
- The decision frees Meng after more than a week in detention but requires her to submit to a curfew, electronic monitoring and a limited range of travel in the Vancouver area.
- Meng, the daughter of Huawei’s billionaire founder, is due back in court in February.
- Earlier today, a former Canadian diplomat to China reportedly was taken into custody in China without explanation.
- ETFs: FXI, YINN, YANG, MCHI, GXC, FXP, PGJ, CN, TDF, CHN, CXSE, XPP, FCA, YAO, YXI, KGRN, FLCH, WCHN
- Now read: China Going Back To 2011
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