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Huawei executive Meng Wanzhou released on bail in Canada
World | business | 09:48, 12 December 2018 | 796

AKIPRESS.COM - The chief financial officer of Chinese telecoms giant Huawei has been granted bail by a Canadian court, BBC reports.

Meng Wanzhou was arrested on 1 December and could be extradited to the US to face fraud charges linked to the alleged violation of sanctions on Iran.

A judge in Vancouver set bail at C$10m (£6m; $7.4m). She will be under surveillance 24 hours a day and must wear an electronic ankle tag.

US President Donald Trump now says he is willing to intervene in the case. 

Ms Meng, 46, is the daughter of Huawei's founder and her detention has angered China and soured its relations with both Canada and the US.

This comes against the background of an increasingly acrimonious trade dispute between Washington and Beijing.

Ms Meng is accused in the US of using a Huawei subsidiary called Skycom to evade sanctions on Iran between 2009 and 2014.

President Trump told Reuters news agency that he could intervene in the US Justice Department's case against Ms Meng in order to avoid further deterioration in relations with China.

"Whatever's good for this country, I would do," said Mr Trump.

"If I think it's good for what will be certainly the largest trade deal ever made - which is a very important thing - what's good for national security , I would certainly intervene if I thought it was necessary."

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