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China’s Huawei Executive Seeks Bail in US Extradition Case - update

2018-12-11 03:01
Meng Wanzhou, the detained CFO of Huawei, is seeking bail in Canada on concerns for her health. However, Canadian prosecutors have argued she can't be trusted. Meng is fighting to be released after her arrest earlier this month in Vancouver. She faces extradition to the United States. Court documents showed U.S. authorities accuse her of misleading banks and putting those banks at risk of breaking U.S. sanctions on Iran. They allege she was trying to use those banks to move money out of Iran. Meng faces charges of conspiracy to defraud multiple financial institutions, with each charge carrying a maximum prison sentence of 30 years. Meng denies the charges.