Meng Wanzhou, the chief financial officer of Huawei, has been released on Can$10 million bail by a Canadian court. The Chinese telecom executive faces a US extradition bid on charges related to alleged violations of Iran sanctions.
She was ordered to surrender her passport and will be subjected to electronic monitoring whilst she stays in Vancouver. Her lawyer said she was not deemed a flight risk, as she did not want to ‘embarrass China.’
The daughter of Huawei’s founder, Meng is accused of lying to bankers about the use of a covert subsidiary to sell to Iran in breach of sanctions. She faces more than 30 years in prison if she is convicted.
The extradition process, scheduled to start on February 6, could take months or even years.
Her arrest has shaken China's relations with Canada and the United States, with concerns that it could derail a US-China trade war truce. President Donald Trump has said he "would certainly intervene" in the case if it can help strike a deal with China.
Meanwhile, the US State Department called on China to "end all forms of arbitrary detentions" after Michael Kovrig - a North East Asia senior adviser, and former Canadian diplomat - was detained in Beijing. The international crisis group (ICG) said in a statement that it has received no information about Kovrig since his detention and is concerned about his health and safety.
Former Canadian ambassador to Beijing, Guy Saint-Jacques, said Kovrig's detention was likely linked to Meng's case.
"There is no coincidence in China," Saint-Jacques told AFP. "In this case it is clear the Chinese government wants to put maximum pressure on the Canadian government."