Arrested Huawei CFO granted bail with conditions


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Canadian analysts had predicted China would retaliate after Meng's arrest last week at the request of United States authorities.

Washington has made accusations that Meng misled multinational banks about Huawei's control of a company operating in Iran, putting the banks at risk of violating USA sanctions and incurring severe penalties. The amount of the bail agreed to by the judge was $10 million Canadian Dollars, the equivalent of $7.5 million U.S. Dollars.

The Global Times and the China Daily said that Meng had been handcuffed and wore ankle restraints.

Goodale said there was "no explicit indication at this moment" that the Canadian's detention was linked to the arrest of Huawei's CFO.

Meng said she feared her health may deteriorate if she remained in prison pending appeals against the United States extradition request.

Locked in a bitter trade war, Washington and Beijing earlier this month agreed to delay a planned January 1 increase in USA tariffs to 25 percent from 10 percent on $200 billion worth of Chinese goods, allowing more time to negotiate over China's huge bilateral trade surplus and US complaints that it steals technology. This is also believed to have helped Huawei "circumvent U.S. sanctions by telling financial institutions that a Huawei subsidiary was a separate company". Asked if he had spoken with President Xi Jinping about the matter, Trump responded: "They have not called me yet".

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"If I think it's good for the country, if I think it's good for what will be certainly the largest trade deal ever made - which is a very important thing - what's good for national security - I would certainly intervene if I thought it was necessary", he said in an interview on Tuesday with Reuters.

At a court hearing in Vancouver, British Columbia, Justice William Ehrcke granted bail to Ms Meng, subject to a guarantee of $C10 million ($10.4 million) and other conditions. The application was opposed by Canadian prosecutors.

If Huawei's CFO is unable to prove that the company did not break USA sanctions by selling telecoms equipment to Iran, she could be extradited to the U.S. where the charges against her could land her 30 years in prison.

Recent reports have already detailed two financial institutions, British-based Standard Chartered and HSBC, as allegedly among the banks misled by Huawei.

She has denied the allegations through her lawyer in court, promising to fight them if she is extradited. The courtroom erupted in applause when the decision was announced. He said he is satisfied that Meng has only two valid passports, and that she will surrender all her other ones.

She must return for her next court hearing on 6 February.

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Asked on Wednesday about Trump's comments, Trudeau said that Canada would proceed according to its own national laws.

Earlier this month, after receiving information from the US government, Meng was arrested while traveling through Canada, where court documents say she and others "repeatedly lied" to worldwide banks about Huawei's ties to businesses in Iran. There has been no official word from China about his whereabouts.

Foreign Affairs Minister Chrystia Freeland says a second Canadian may have been detained by Chinese authorities and Ottawa is seeking to find out the individual.

Kovrig, a Mandarin speaker, was a political officer at the embassy from 2014-2016 who met with dissidents and travelled to China's restive far west Xinjiang region, Saint-Jacques said.

Prime Minister Justin Trudeau has reaffirmed Canada's commitment to the rule of law following Donald Trump's declaration that he might intervene in charges against a top Chinese corporate executive who was arrested in Vancouver.

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