Last week, Huawei CFO, Meng Wanzhou was arrested whereas connecting flights in canada at the request of the U.S. law enforcement alleging that she helped Huawei circumvent U.S. sanctions on Islamic Republic of Iran|Persia|Asian country|Asian nation} by lying to banks to help clear transactions that otherwise violated U.S. sanctions on Iran.
Today, Meng was free from custody on $7.5 million bail following 3 days of court hearings, according to CNN. She agreed to surrender her passports and buy a private security guard for her aim Vancouver. She additionally in agreement to wear a GPS chase bracelet with a curfew that she should stay in her home between 11PM and 6AM every day.
Meng’s lawyer said she has no intention of fleeing as she’s closely-held a aim Vancouver for fifteen years and doing thus would offend her family, herself, Huawei, and the Chinese government. The terms of her release embody 2.2 million USD in home equity and cash as collateral just in case she did flee.
President Trump additionally instructed he may “intervene” with the case ought to it help leverage a trade trot out China “if its good for what's going to be definitely the largest trade deal ever made”.
This solely adds to the stress between the U.S. and China, not long once different countries began banning Huawei telecom equipment from carrier use from security issues, any angering Chinese and Huawei officers. throughout a time with high tensions between U.S. and Chinese governments, the arrest and current legal battle can only create things shakier between the 2 powers.
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