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Huawei CFO granted $10 mil bail as US seeks extradition

Bloomberg
Bloomberg • 3 min read
Huawei CFO granted $10 mil bail as US seeks extradition
VANCOUVER (Dec 12): Huawei Technologies Co Chief Financial Officer Meng Wanzhou was granted bail by a Canadian court, allowing the executive to stay in her Vancouver home as she awaits a possible extradition to the US over fraud charges.
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VANCOUVER (Dec 12): Huawei Technologies Co Chief Financial Officer Meng Wanzhou was granted bail by a Canadian court, allowing the executive to stay in her Vancouver home as she awaits a possible extradition to the US over fraud charges.

Justice William Ehrcke of the British Columbia Supreme Court agreed to release Meng after four former colleagues and friends joined her husband in pledging a combined C$10 million ($10.3 million) in cash and home equity to support her bail request. By agreeing to act as “sureties,” the five people commit to ensuring she doesn’t flee and abides by other bail terms.

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