Canadian court grants bail to Huawei CFO

A Canadian court on Tuesday granted bail to Huawei Chief Financial Officer Meng Wanzhou, who is being held on an extradition warrant to the United States for allegedly breaking U.S. sanctions on Iran.

Meng Wanzhou [File photo: IC]

Justice William Ehrcke at the court hearing granted bail to Meng, subject to a guarantee of 10 million Canadian dollars (7.5 million U.S. dollars), according to reports.

Meng will also be subject to surveillance at her Vancouver home by a combination of security guards and technology as part of the agreement. She has also surrendered her passport.

The daughter of Huawei founder was taken into custody in Vancouver on December 1 while traveling from Hong Kong to Mexico via Canada at the request of the U.S. government.

The move was part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran. However, the U.S. has failed to provide any evidence to prove the allegations.

China has condemned the detention and demanded Canada to release Meng.