Huawei CFO Meng Wanzhou granted bail, company hopeful of timely resolution of case

📆 12/12/2018 4:22 PM
📰 AsiaOne

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Huawei Technologies Co Ltd said on Wednesday it has every confidence that the Canadian and US legal systems will reach a just conclusion in the proceedings. The comments came after a Canadian judge granted a C$10 million (S$10.3 million) bail to Huawei CFO Meng Wanzhou. 'We look forward to a timely resolution of this matter,' Huawei said. The company highlighted again that it complies with all applicable laws and regulations in the countries and regions where it operates, including export control and sanction laws of the UN, US, and EU.

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China calls on Canada to free Huawei CFO Meng Wanzhou or face consequencesBEIJING - China warned Canada on Saturday (Dec 8) that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd's chief financial officer, calling the case 'extremely nasty'. Ms Meng Wanzhou, Huawei's global chief financial officer, was arrested in Canada on Dec 1 and faces extradition to the United States, which alleges that she covered up her company's links to a firm that tried to sell equipment to Iran despite sanctions. The executive is also the daughter of the founder of Huawei.
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