Stefan Mileschin

She wants bail on health grounds

Huawei’s CFO Meng Wanzhou argued that she should be released on bail while awaiting an extradition hearing, citing her longstanding ties to Canada, properties she owns in Vancouver and fears for her health while in jail.

Wanzhou is fighting to be released on bail after she was arrested on December 1 in Vancouver at the request of the United States. She is fighting the extradition request, and China has protested her arrest to US and Canadian officials.

Meng, 46, faces US accusations that she misled multinational banks about Huawei’s control of a company working in Iran.

This alleged deception put the banks at risk of violating US sanctions and incurring severe penalties. US officials allege that Huawei was trying to use the banks to move money out of Iran.

China has demanded her immediate release. The arrest has roiled global markets as investors worried it could torpedo attempts to thaw trade tensions between Washington and Beijing.

Meng, the daughter of Huawei’s founder, said she is innocent and will contest the allegations at trial in the United States if she is surrendered there.

Meng said she was taken to a hospital for treatment for hypertension after being detained. She cited hypertension in a bail application seeking her release pending an extradition hearing. She also noted that she owns two homes in Vancouver worth millions of dollars each.

Her family assured the court she would remain in Vancouver if she was granted bail, according to the court documents.

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