Huawei executive released on bail in Canada

A judge in Canada has granted bail to a top executive of the Chinese technology giant Huawei, according to multiple media reports Tuesday.

Meng Wanzhou, the tech firm's chief financial officer (CFO), was arrested earlier this month by Canadian authorities at the request of the U.S.

Meng has been accused of violating trade sanctions against Iran.

ADVERTISEMENT

According to The Star Vancouver, she will remain in Vancouver after being released on bail of $10 million in Canadian dollars ($7.5 million USD) while she awaits proceedings to extradite her to the U.S. 

Justice William Ehrcke of the British Columbia Supreme Court agreed to have Meng released after her husband, along with four former colleagues and friends, said they would pay the bail amount in cash, according to Bloomberg.

Those five people also agreed that Meng won't flee from Canada while she awaits her extradition proceedings and must abide by the terms of her bail, which includes surveillance of her at her Vancouver home. She must also hand over her Chinese and Hong Kong passports, Bloomberg reported. 

Huawei has denied any wrongdoing on the part of Meng, whose arrest stoked renewed fears about trade tensions between the U.S. and China.

Meng was originally detained on the same day that President TrumpDonald John TrumpTrump claims media 'smeared' students involved in encounter with Native American man Al Sharpton criticizes Trump’s ‘secret’ visit to MLK monument Gillibrand cites spirituality in 2020 fight against Trump’s ‘dark’ values MORE reached a trade truce with Chinese President Xi Jinping at the Group of 20 (G-20) summit.