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Huawei's CFO could learn Tuesday if she will be released on bail

Last Updated Dec 11, 2018 at 10:23 am PDT

Huawei's chief financial officer Meng Wanzhou. (Huawei via AP)
Summary

Meng Wanzhou's lawyers argue people accused of less have been granted bail

An ankle bracelet, potentially facing house arrest could be among conditions, if Meng is let out on bail

If extradited and convicted, Meng could face sentences as long as 30 years

VANCOUVER (NEWS 1130) – The BC Supreme Court in downtown Vancouver is packed again for the third day of a bail hearing for the CFO of Huawei.

Meng Wanzhou remains behind bars, as the Chinese government continues to demand her release.

If Meng makes bail, it will be to the tune of $15 million — and if the prosecution gets its way, half of that would have to be in cash.

WATCH: Second day of bail hearing for Huawei’s CFO wraps up

 

The details of what Meng’s release would look like are being laid out in court for the judge to consider. They include wearing an ankle bracelet 24/7 and potentially facing house arrest.

Her lawyers argue the offences Meng is accused of are not that serious and people accused of less have been granted bail.

Meanwhile, the Chinese government is threatening consequences and demanding Meng’s release. It has even compared Meng’s arrest in Vancouver more than a week ago to a kidnapping.

RELATED: China’s foreign minister vows to defend citizens abroad

Earlier this week, an op-ed in a Communist Party newspaper called Canada’s treatment of Meng “inhumane.” It was published in Monday’s Global Times, following formal government protests to the ambassadors of both Canada and the U.S. over the weekend.

On Friday, the first day of Meng’s bail hearing, the Crown revealed she is wanted due to an investigation into fraud and violations against U.S. sanctions against Iran.

The U.S. is accusing the company of using subsidiary Skycom to do business with Iran, which would bypass sanctions. Meng is accused to have previously insisted the two were separate companies. If extradited and convicted, she could face sentences as long as 30 years.

The Crown argued Meng should be denied bail, claiming she is a flight risk.

Huawei is the most prestigious tech company in China and was founded by Meng’s father, Ren Zhengfei. The company has said it is not aware of any wrongdoing by Meng.

 – With files from the Monika Gul, Martin MacMahon, and the Canadian Press