Canadian Court grants bail to Huawei CFO ‘Meng Wanzhou’

Date:

Trending

- Advertisement -

A Canadian court granted bail on Tuesday to a top Chinese executive arrested at the United States’ request in a case that has set off a diplomatic furor among the three countries and complicated high-stakes U.S.-China trade talks.

Hours before the bail hearing in Vancouver, China detained a former Canadian diplomat in Beijing in apparent retaliation for the Dec. 1 arrest of Meng Wanzhou, chief financial officer of Chinese telecommunications giant Huawei and daughter of the company’s founder.

- Advertisement -

After three days of hearings, a British Columbia justice granted bail of $10 million Canadian (US$7.5 million) to Meng, but required her to wear an ankle bracelet, surrender her passports, stay in Vancouver and its suburbs and confine herself to one of her two Vancouver homes from 11 p.m. to 6 a.m.

- Advertisement -

The decision was met with applause in the packed courtroom, where members of Vancouver’s Chinese community had turned out to show support for Meng.

Amid rising tension between China and Canada, Canadian Public Safety Minister Ralph Goodale confirmed Tuesday that a former Canadian diplomat had been detained in Beijing. The detention came after China warned Canada of consequences for Meng’s arrest.

- Advertisement -

“We’re deeply concerned,” Goodale said. “A Canadian is obviously in difficulty in China. … We are sparing no effort to do everything we possibly can to look after his safety.”

Michael Kovrig, who previously worked as a diplomat in China and elsewhere, was taken into custody by the Beijing Bureau of Chinese State Security on Monday night during one of his regular visits to Beijing, said the International Crisis Group, for which Kovrig works as North East Asia adviser. His employer said it had received no information about him since his detention.

Canada had been bracing for retaliation for Meng’ arrest. The Canadian province of British Columbia canceled a trade mission to China amid fears China could detain Canadians to put pressure on Ottawa over Meng’s detention.

“In China there is no coincidence,” Guy Saint-Jacques, a former Canadian ambassador to China, said of Kovrig’s detention. “Unfortunately, Canada is caught in the middle of this dispute between the U.S and China. Because China cannot kick the U.S. they turn to the next target.”

Earlier in the day, China vowed to “spare no effort” to protect against “any bullying that infringes the legitimate rights and interests of Chinese citizens.”

Chinese Foreign Minister Wang Yi didn’t mention Meng by name. But ministry spokesman Lu Kang said Wang was referring to cases of all Chinese abroad, including Meng’s.

Washington accuses Huawei of using a Hong Kong shell company to sell equipment to Iran in violation of U.S. sanctions. It says Meng and Huawei misled banks about the company’s business dealings in Iran.

On Tuesday, U.S. State Department spokesman Robert Palladino told reporters in Washington “the charges against Meng pertain to alleged lies to United States financial institutions” about Huawei’s business dealings in Iran.

“It is clear from the filings that were unsealed in Canada, Meng and others are alleged to have put financial institutions at risk of criminal and civil liability in the United States by deceiving those institutions as to the nature and extent of Huawei’s business in Iran,” Palladino said.

Meng has denied the U.S. allegations through her lawyer in court, promising to fight them if she is extradited to face charges in the United States.

“We have every confidence that the Canadian and U.S. legal systems will reach a just conclusion in the following proceedings,” Huawei said in a statement.

“As we have stressed all along, Huawei complies with all applicable laws and regulations in the countries and regions where we operate, including export control and sanction laws of the UN, US, and EU. We look forward to a timely resolution to this matter.”

Huawei, the biggest global supplier of network gear for phone and internet companies, is the target of U.S. security concerns. Washington has pressured other countries to limit the use of its technology, warning they could be opening themselves up to surveillance and theft of information.

The U.S. and China have tried to keep Meng’s case separate from their wider trade dispute and suggested Tuesday that talks to resolve their differences may resume.

But President Donald Trump undercut efforts to distinguish between trade talks and the Huawei case. In an interview with Reuters, he said Tuesday that he would consider intervening in the Justice Department’s case against Meng if it would be in the interest of U.S. national security or help forge a trade deal with Beijing.

Roland Paris, a former foreign policy adviser to Canadian Prime Minister Justin Trudeau, called Trump’s comments troubling.

“Canada is acting in good faith, according to the law, in response to a U.S. extradition request,” Paris tweeted.

The Chinese government said its economy czar had discussed plans with U.S. Treasury Secretary Steven Mnuchin and Trade Rep. Robert Lighthizer for talks aimed at settling the two countries’ differences. Lighthizer’s office confirmed he had spoken by phone with Chinese Vice Premier Liu He.

The news that trade negotiations may resume lifted stock markets around the world.

The United States has slapped tariffs on $250 billion in Chinese imports in response to complaints Beijing steals American technology and forces U.S. companies to turn over trade secrets.

Tariffs on $200 billion of those imports were scheduled to rise from 10 percent to 25 percent on Jan. 1. But Trump agreed to postpone those by 90 days while the two sides negotiate.

THE SNAPSHOTS

Sign up to get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

Geospatial Intelligence Is Powering India’s Next Wave of Smart Infrastructure

Every day, nearly 500 families in India receive news that will change their lives forever: a loved one lost to a road accident. In...

Understanding Common Car Problems and How to Prevent Them

Keeping your vehicle in top condition requires more than just regular washing or occasional oil changes. Cars are complex machines with multiple systems that must work together seamlessly. Over time, wear and tear on specific components, combined with overlooked maintenance, can lead to performance...

From Browsing to Buying: How Multi-Modal AI Is Turning Discovery Into Decision-Making

The digital journey, starting from discovery to decision, has been notably discontinuous through time....

Nebius Gets Approval for 1.2 GW AI Factory Campus in Missouri

Nasdaq-listed AI company, Nebius (NBIS), said the Independence City Council has approved a Chapter...

Why India’s Next Cloud Boom Is Coming from Tier-2 Cities

Historically, the story of India's cloud adoption has been focused on the metro cities...

Is India Ready for a Smart Treasury? A Look at Adoption Barriers and Opportunities

Across India, businesses hold thousands of crores in current accounts that earn no interest....

What Modern Enterprises Can Expect from CPaaS Platforms in 2026

Over the past two decades, enterprise communication technology has advanced rapidly. Yet the gap...

Choosing glass for perfume bottles? Watch for breakage and leaks

You want your perfume bottle to look great and arrive safely. That’s easiest when...

From vineyard to bottle: How blockchain improves trust and sensing in the wine value chain

The wine sector faces increasing consumer demand for transparency, authenticity, and reliable information about production methods, grape origin, sustainability, and ethical practices. Many of...

How To Use Tech To Aid Your Financial Management

Financial management and tech actually go hand in hand really well, and it’s important...

O-1 Visa & Moving Beyond H-1B: Frederick Ng of Beyond Border on Fixing US Visa Bottlenecks for Startup Founders

Speaking with TechGraph, Frederick Ng, Co-founder of Beyond Border, discussed how many venture-backed founders...

BTC to USDT: How to Convert Bitcoin to Tether Safely and Accurately

Looking to exchange BTC to USDT? With market volatility continuing to shape the crypto...

Brazil and South Korea Sign Stragetic Deals Across Trade, Health & Tech

In a move aimed at strengthening economic and strategic ties, Brazilian President Luiz Inácio...

Amazon India Opens 1.1 Million Sq Ft Campus in Bengaluru

Amazon announced the opening of its second-largest office in Asia with the launch of a 1.1 million square feet, 12-storey campus in Bengaluru (Karnataka)...

B2B Logistics platform Mojro Draws $3Mn for IAN Alpha Fund & Others

Bengaluru-based B2B logistics platform Mojro has raised $3 million in a Series A funding round led by IAN Alpha Fund (the second fund in the IAN Group VC series), with participation from 1Crowd and other existing investors. The platform plans to use the fresh capital...

Peak XV Partners Closes $1.3 Bn in Fresh Capital to Back Startups Across India and APAC

Peak XV Partners (formerly Sequoia Capital India & SEA) has closed $1.3 billion in...

Inflection Point Ventures leads INR 4 Cr seed round in Fintech Startup Roopya

West Bengal based no-code ‘lending-as-a-service’ platform Roopya has raised INR 4 Crore in a...

Union Budget 2026: Solar & Clean Energy Industry Draws Mixed Reactions on Manufacturing, KUSUM Funding & Import Duty Exemptions

The solar and clean energy sector has welcomed Union Budget 2026–27 for its focus...

Union Budget 2026 Reactions: AI, Skilling Take Centre Stage, Education Sector Calls for Better Execution

The education and skilling sector has broadly welcomed the Union Budget 2026 for its...

Union Budget 2026 Reactions: Healthcare Sector Welcomes Biopharma and Infra Push, Calls Public Health Investment Modest

The healthcare and healthtech sector welcomed the Union Budget 2026 for its focus on...

Boost Your Home’s Value and Comfort

Enhancing your home isn’t just about making it look beautiful—it’s about increasing comfort, functionality,...

Why India’s Housing Affordability Crisis Needs Policy Attention in Budget 2026

In the past few years, real estate prices have risen steadily, especially in tier-one...

India’s Creator Economy Seeks Tax Clarity and Social Security Support in Budget 2026

As policymakers finalise Budget 2026, the creator economy stands at a crossroads between rapid...

What Budget 2026 Should Do for Responsible AI Adoption

Over the past 5 years, Artificial Intelligence (AI) has become a core component of...

BTC to USDT: How to Convert Bitcoin to Tether Safely and Accurately

Looking to exchange BTC to USDT? With market volatility continuing to shape the crypto...

LTM partners with the Indian Institute of Creative Technologies to strengthen creative technology skilling

LTM, a Larsen & Toubro Group company, and the Indian Institute of Creative Technologies...

Business Structure for Modern Entrepreneurs: What No One Explains Clearly

Modern entrepreneurs often obsess over product-market fit while neglecting the structural bones of their...

How Union Budget 2026–27 Supports Small Logistics Players through TReDS and the SME Growth Fund

Union Budget 2026–27 marks a decisive shift in how India supports its small logistics...

Union Budget Focus on MSMEs: Why Efficient Warehousing Is the Missing Link

The Union Budget 2026–27 places Micro, Small, and Medium Enterprises (MSMEs) firmly at the...

Brazil and South Korea Sign Stragetic Deals Across Trade, Health & Tech

In a move aimed at strengthening economic and strategic ties, Brazilian President Luiz Inácio...

India’s Creator Economy Seeks Tax Clarity and Social Security Support in Budget 2026

As policymakers finalise Budget 2026, the creator economy stands at a crossroads between rapid...

India’s Tech Sector Looks to Budget 2026 for AI Incentives, Cybersecurity & Broader Digital Economy Reforms

As policymakers finalise Budget 2026, leaders across artificial intelligence, quantum computing, spacetech, and semiconductor...

What Budget 2026 Should Do for Responsible AI Adoption

Over the past 5 years, Artificial Intelligence (AI) has become a core component of...