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Huawei CFO seeks bail, cites health fears behind bars: court documents

Stock MarketsDec 09, 2018 06:33PM ET
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© Reuters. Handout of Meng Wanzhou, Huawei Technologies Co Ltd's chief financial officer (CFO)

TORONTO (Reuters) - A top executive of China's Huawei Technologies Co Ltd [HWT.UL] argued that she should be let out on bail while awaiting an extradition hearing due to severe hypertension and fears for her health while incarcerated in Canada, court documents released on Sunday showed.

Huawei Chief Financial Officer Meng Wanzhou is fighting to be released on bail after she was arrested on Dec. 1 in Canada at the request of the United States.

Meng, 46, faces U.S. accusations that she covered up her company's links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition to the United States.

In a sworn affidavit, Meng said she is innocent of the allegations and will contest them at trial in the United States if she is surrendered there.

Meng also said she was taken to a hospital for treatment for hypertension after being detained.

China has strongly criticized her detention and demanded her immediate release. The arrest has roiled global markets amid worries it could torpedo possible thawing of trade tensions between the United States and China.

In a bail application seeking her release pending an extradition hearing, Meng said she has longstanding ties to Vancouver dating back at least 15 years, as well as significant property holdings in the city.

Her family also sought leave to remain in Vancouver if she was granted bail, according to the court documents, with her husband saying he plans to bring the couple's daughter to Vancouver to attend school during the trial.

Huawei CFO seeks bail, cites health fears behind bars: court documents
 

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Peng Heng
Peng Heng Dec 09, 2018 10:07PM ET
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Just release her for the love of god, my portfolio depends on it
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michael hammer
michael hammer Dec 09, 2018 10:07PM ET
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Just move your portfolio away from Chinese dependent companies. If the US or Canada cave on this, China will see blood in the water and will attack.
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Ja Tiong
Ja Tiong Dec 09, 2018 8:28PM ET
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China has it's own problem to worry.
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鹏程 徐
鹏程 徐 Dec 09, 2018 6:37PM ET
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The market will go down in a long time untile Canada release Meng Wanzhou. Will see the States people to lose tank money in the market.
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Buck Wild
Buck Wild Dec 09, 2018 6:37PM ET
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You do the crime, you do the time.
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David Wong
David Wong Dec 09, 2018 6:28PM ET
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We better let her go soon. China can sink our market big time.
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Martin Fitz
Martin Fitz Dec 09, 2018 6:13PM ET
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You Play. You Pay.
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