Canadian court grants bail to Huawei CFO

A Canadian judge ruled on Tuesday that Meng Wanzhou, chief financial officer of China's Huawei Technologies Co Ltd, who was detained by Canadian authorities at the request of US authorities, can be released on bail.

In a court hearing in Vancouver, British Columbia, Justice William Ehrcke at the court hearing granted bail to Meng, on condition of a C$10 million (US$7.5 million) financial pledge and five guarantors, according to China Global Television Network, the English-language arm of China's state broadcaster CCTV.

Meng must remain in Canada and be subject to surveillance by a combination of security guards and technology, including GPS ankle bracelet and 24/7 security detail, when she leaves her Vancouver residence, CGTN reported, adding that Meng has also surrendered her passport.

Meng is due back in court on February 6, the report said.

The daughter of Huawei’s founder Ren Zhengfei was detained in Vancouver on December 1 at the request of the US government, when she was traveling from Hong Kong to Mexico and transferring flights in Canada. 

"We have every confidence that the Canadian and US legal systems will reach a just conclusion in the following proceedings," Huawei said in a statement after Meng was granted bail.

On Tuesday, US President Donald Trump noted in an interview with Reuters he would intervene in the Justice Department's case against Meng out of national security interests, CGTN reported.

"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," Trump was quoted as saying by Reuters, according to CGTN.