A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate.
U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she misled multinational banks about Huawei’s control of a company operating in Iran, putting the banks at risk of violating U.S. sanctions which would incur severe penalties, court documents said.
Meng, the 46-year-old daughter of Huawei’s founder, was arrested on Dec. 1 as she was changing planes in Vancouver. In a sworn affidavit, she said she is innocent and will contest the allegations against her at trial if she is surrendered to the United States.
The judge in Monday’s bail hearing said he rolled the proceedings over to Tuesday at 10 a.m. PST (1 p.m. EDT/1800 GMT) because he wants to hear more about the issue of surety – who will take responsibility for Meng’s actions if she is released.