Huawei’s CFO Meng Wanzhou, arrested in Canada on Dec. 1 at the request of the US on suspicion of violating sanctions on Iran, was granted bail of C$10 million ($7.5 million) in a Vancouver court today (Dec. 11).
During a bail application hearing that began Friday (Dec. 7), Meng had offered to wear an ankle bracelet and pay for her own 24-hour monitoring through private surveillance firms. The judge initially appeared skeptical of the offer, but later ruled that he was satisfied Meng was not a flight risk after assurances from friends and local contacts.
He outlined 15 conditions she has to meet. Apart from 24-hour monitoring that she has to pay for, she must also adhere to an 11pm-to-6am curfew in her Vancouver home, and surrender her multiple passports. She also has to pay roughly US$5 million in cash. Meng’s next hearing is Feb. 6.
Huawei confirmed bail had been set, and said it complies with all laws, including export controls and sanctions.
Read the full article and more in Quartz.