The Latest: Huawei expects 'just conclusion' on exec's bail

The Latest: Huawei expects 'just conclusion' on exec's bail Photo: AP

December 10, 2018 09:51 PM

VANCOUVER, British Columbia (AP) — The Latest on the arrest in Canada of Chinese tech executive Meng Wanzhou. (all times local):

7 p.m.

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Chinese phone and internet network gear company Huawei Technologies Ltd. says it expects a "just conclusion" from a Canadian court on whether to grant bail to its chief financial office after she was arrested earlier this month.

China has vehemently protested the arrest of Meng Wanzhou, daughter of Huawei's founder, and demanded the U.S. withdraw charges that led Canadian officials to detain her while she was changing planes in Vancouver, British Columbia.

The U.S. sought Meng's arrest on suspicion she sought to evade sanctions on North Korea and Iran.

Huawei Technologies Ltd. said Tuesday in a statement: "We will continue to follow the bail hearing tomorrow. We have every confidence that the Canadian and U.S. legal systems will reach a just conclusion."

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4 p.m.

A Canadian judge says he won't reach a bail decision Monday for a top Chinese executive facing possible extradition to the U.S. in a case that has fueled U.S.-China trade tensions and roiled financial markets.

Justice William Ehrcke says the case will continue Tuesday to determine whether Meng Wanzhou can be released on bail.

Meng is the chief financial officer of telecommunications giant Huawei and also the daughter of its founder. She was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1 — the same day that Presidents Donald Trump and Xi Jinping of China agreed to a 90-day cease-fire in a trade dispute that threatens to disrupt global commerce.

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2:45 p.m.

The judge weighing whether a top Chinese technology executive can get bail in Canada is casting doubt that her husband can act as a surety.

A surety essentially acts a guarantor so that the person seeking bail doesn't flee.

Justice William Ehrcke noted Meng Wanzhou's husband isn't resident of British Columbia and says his visitor visa expires in February.

The judge says a surety must be a resident of British Columbia. He noted the other surety is an executive of a surveillance company that would be hired by Weng but is only putting up 1,000 Canadian dollars ($750) as collateral.

Monday is the second day of a hearing on whether to release Meng on bail in Canada. Meng is the chief financial officer of telecommunications giant Huawei and also the daughter of its founder.

Her lawyer David Martin says Meng's husband will put up both of their Vancouver homes plus 1 million Canadian dollars for a total value of CA$15 million as collateral.

She was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1. The U.S. alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions. It also says that Meng and Huawei misled American banks about its business dealings in Iran.

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12:30 p.m.

The lawyer for a top Chinese executive who faces fraud charges in the U.S. says it would be inconceivable she would flee because she would not her embarrass her father or the enormous company she has helped build.

Monday is the second day of a hearing on whether to release Meng on bail in Canada. Meng Wanzhou is the chief financial officer of telecommunications giant Huawei and also the daughter of its founder.

Her lawyer David Martin says Meng's husband will put up both of their Vancouver homes plus $1 million Canadian (US$750,000) for a total value of $15 million Canadian ($11.2 million) as collateral.

She was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1. The U.S. alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions. It also says that Meng and Huawei misled American banks about its business dealings in Iran.

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10:58 a.m.

The lawyer for a top Chinese executive who faces fraud charges in the U.S. says his client will hire a surveillance company that should be provided with the ability to arrest her if she breaches bail conditions.

David Martin, Meng Wanzhou's lawyer, called to the stand a representative from a surveillance company. Martin says Meng would cover the expenses of the company and says the surveillance company will arrest her if she tries to flee.

Monday is the second day of a hearing on whether to release Meng on bail in Canada. Meng is the chief financial officer of telecommunications giant Huawei and also the daughter of its founder.

She was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1. The U.S. alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions. It also says that Meng and Huawei misled American banks about its business dealings in Iran.

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10:24 a.m.

The bail hearing for a top Chinese executive who faces fraud charges in the U.S. is resuming.

It's the second day of a hearing on whether to release Meng Wanzhou on bail in Canada. Meng is the chief financial officer of telecommunications giant Huawei and also the daughter of its founder.

She was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1 — the same day that Presidents Donald Trump and Xi Jinping of China agreed over dinner to a 90-day cease-fire in a trade dispute that threatens to disrupt global commerce.

China formally protested the arrest to the ambassadors of Canada and the United States over the weekend.

The U.S. alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions. It also says that Meng and Huawei misled American banks about its business dealings in Iran.

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8:55 a.m.

There was a break-in at the Vancouver home of a tech executive from China who is being detained at the request of the United States.

Vancouver police say they received a 911 call about the intrusion just before 5:30 a.m. Sunday, but that the suspects fled the area after being challenged by someone in the house.

A defense lawyer for Meng Wanzhou, the chief financial officer for Huawei and the daughter of its founder, said at a bail hearing that Meng and her husband purchased the home in 2009. Land title documents show the registered owner is Xiaozong Liu and B.C. Assessment says the property is valued at $5.6 million Canadian ($4.1 million).

A bail hearing for Meng continues in Vancouver on Monday with the United States seeking her extradition on fraud allegations. She lives in China but is a former permanent resident of Canada.

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10:10 a.m.

China says there is no evidence to back up claims in the West that Huawei (WAH-way) and other Chinese tech companies pose a security threat.  

Foreign Ministry spokesman Lu Kang said Monday that other countries are hyping up security threats to create obstacles for Chinese companies trying to do legitimate business.   

His comments come shortly before Huawei executive Meng Wanzhou (MUHNG' Wahn-JOH') was due in court in Canada for a resumption of her bail hearing.  

The U.S. alleges Huawei used a Hong Kong shell company to evade U.S. trade curbs on Iran and wants Meng extradited. She was detained on Dec. 1 while changing planes in Vancouver.

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(Copyright 2018 by The Associated Press. All Rights Reserved.)

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