Huawei CFO asks for bail and puts up more than $11million as collateral before possible extradition to the U.S. where she could face 30 years in prison for violating Iran sanctions | WHAT REALLY HAPPENED


Huawei CFO asks for bail and puts up more than $11million as collateral before possible extradition to the U.S. where she could face 30 years in prison for violating Iran sanctions

The chief financial officer of Chinese telecom giant Huawei asked a Canadian court to grant her bail in exchange for collateral totaling more than $11million in real estate while promising to fund her own private security detail that would monitor her movements.

Meng Wanzhou, the CFO of Huawei and daughter of its founder, 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.

The U.S. has accused Huawei of using a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions.

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