Jamie McKane
MyBroadband Journalist
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Huawei CFO granted bail in Canada
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 U.S. over fraud charges.
Justice William Ehrcke of the British Columbia Supreme Court agreed to release Meng on the condition she post bail of C$10 million ($7.5 million), including at least C$7 million in cash, and submit five people who would act as “sureties” -- guarantors to ensure she complies with the bail terms who would lose the cash or other assets they put up if she were to flee.
[Bloomberg]
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 U.S. over fraud charges.
Justice William Ehrcke of the British Columbia Supreme Court agreed to release Meng on the condition she post bail of C$10 million ($7.5 million), including at least C$7 million in cash, and submit five people who would act as “sureties” -- guarantors to ensure she complies with the bail terms who would lose the cash or other assets they put up if she were to flee.
[Bloomberg]
