Huawei Technology’s CFO denied bail by the Canadian court of the extradition to US
Source :NewsBharati Date :11-Dec-2018
Canada, December 11: The Chinese Huawei Technology’s Chief Financial Officer (CFO), Meng Wanzhou facing extradition to the United States have asked the Canadian court on Monday to grant her bail citing the reasons of poor health. Martin, Meng's lawyer, argued in court that she should be released on bail while she waits for an extradition hearing because of health concerns including severe hypertension. She was taken to a hospital to be treated for hypertension after she was arrested, according to court documents.
A Canadian court however delayed its decision on whether she should be let out on bail. The United States has 60 days from the date of a provisional arrest to provide Canada with its formal extradition request and supporting documents. Canada's Justice Department then has 30 days to weigh the request and greenlight an extradition hearing in which the request is weighed by a judge.
Meng has been arrested in Vancouver, Canada on 1st of December and faces extradition to the United States. She’s accused of helping Huawei, escaping US sanctions on Iran. Huawei one of the world's biggest makers of smartphones and networking equipment owned by Meng’s father.
“My father founded Huawei and I would never do anything that would cause the company reputational damage,” she said. “I wish to remain in Vancouver to contest my extradition, and I will contest the allegations at trial in the US if I am ultimately surrendered.”
Meng Wanzhou had been groomed for decades to join the ranks of China’s business royalty. She started in the early 1990 on the board of her father’s company, Huawei Technologies, the world’s largest maker of telecommunications network equipment. So began a quiet but steady rise that was widely viewed as a bottom-to-top apprenticeship. Meng’s carefully built world is now caught in a showdown between China and the United States, with potential economic and diplomatic ramifications.
“I can understand why executives might be worried in response to having arrested the Huawei executive,” said William Zarit, chairman of the American Chamber of Commerce in China and senior counsellor at The Cohen Group, a consulting firm. “Some executives that might be traveling to China feel like China might invoke some kind of regulation or unwritten regulation and might retaliate.”, Zarit added.
Huawei and the Chinese government have denied any wrongdoing, casting the moves as politically motivated.