Briefing: Huawei CFO Meng Wanzhou released on bail

Huawei’s Meng Wanzhou tears up as bail granted following arrest in Vancouver – The Star Vancouver

What happened: Huawei CFO Meng Wanzhou has been released on $7.5 million bail while being placed under strict 24-hour surveillance. The telecommunications executive will be monitored by a live security detail and electronic ankle bracelet.  She will be required to cover the costs. The court has also demanded that she stay in one of her two Vancouver homes between 11 p.m. and 6 a.m. while awaiting extradition to the US.

Why it’s important: Justice William Ehrcke previously said he was dissatisfied with a bail proposal by Meng’s lawyers. Initially, Meng’s husband Liu Xiaozong was offered as “surety”, though he doesn’t have the legal immigration status to reside in Canada. Two former Huawei employees who are residents have now pledged their home equity or savings to ensure she will not flee.  The executive also previously elected to pay for her own surveillance.

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