Jailed Huawei executive\'s bail decision delayed

Jailed Huawei executive's bail decision delayed

IANS  |  Vancouver 

A has delayed the hearing of Chinese tech company Huawei's (CFO), who has been accused of helping the firm US sanctions on Iran, to Tuesday after two days of arguments.

David Martin, Meng's attorney, has proposed that she be allowed to reside in one of her properties in in the interim because of health concerns including severe hypertension.

He said Meng would be closely monitored and would personally cover all the related security costs.

Meng, 46, is a at Huawei, one of the world's biggest makers of and networking equipment. In addition to her role as CFO, she also serves as of the company's board.

According to Canadian prosecutors, the US has alleged that Meng helped get around American sanctions on by telling financial institutions that a company subsidiary, Skycom, was a separate and unaffiliated company.

Meng faces "serious charges of fraud" in the US involving "millions of dollars", where she could receive substantial jail time if convicted, according to a statement from a Canadian filed in court.

Canadian authorities, meanwhile, believe that Meng should only be released if she receives tough bail conditions, since she has "access to large amounts of resources to escape the jurisdiction", the prosecutors said.

Meng's detention has further strained the tense relationship between and just as the two sides are trying to negotiate an end to their bruising trade war, reported.

Chinese officials have demanded that Meng be let go.

Over the weekend, the said it had summoned both US to China and Canadian to China to address Meng's detention, which it described as "lawless, reasonless and ruthless".

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 11 2018. 08:52 IST