Meng Wanzhou Freed on $7.5M Bail

She has agreed to pay for 24/7 surveillance
By Rob Quinn,  Newser Staff
Posted Dec 12, 2018 12:03 AM CST
Supporters hold signs and Chinese flags outside British Columbia Supreme Court during the third day of a bail hearing for Meng Wanzhou, the chief financial officer of Huawei Technologies, in Vancouver,...   (Darryl Dyck/The Canadian Press via AP)
camera-icon View 2 more images

(Newser) – Huawei CFO Meng Wanzhou walked free from a Vancouver courthouse Tuesday night after a bail hearing that lasted three days. She was released on bail of $10 million Canadian—around $7.5 million American—after BC Supreme Court Justice William Ehrcke decided the bail terms were enough to "offset the risk" of the Chinese citizen fleeing Canada during proceedings to extradite her to the US, where she is accused of violating sanctions on Iran, the Vancouver Sun reports. He said $7 million Canadian of the bail must be paid in cash. The five guarantors include a man who pledged his $1.8 million home.

Under the bail conditions, Meng, 46, is required to wear an ankle bracelet and surrender her travel documents, the CBC reports. She will not be allowed to leave the province of British Columbia and she will be under surveillance 24 hours a day, which she has agreed to pay for herself. Meng is due to appear in court again Feb. 6 to set a date for extradition proceedings, which could last for months. "We have every confidence that the Canadian and US legal systems will reach a just conclusion in the following proceedings," a spokesman for the Chinese tech company said. (China, which threatened retaliation after Meng's Dec. 1 arrest, has detained a former Canadian diplomat.)

My Take on This Story
Show results without voting  |  
9%
28%
1%
15%
6%
41%