Huawei CFO freed on $7.5 million USD bail

Huawei CFO Meng Wanzhou, whose arrest in Canada two Saturdays ago increased tensions between the U.S. and China, has been freed on bail. The amount of the bail agreed to by the judge was $10 million Canadian Dollars,  the equivalent of $7.5 million U.S. Dollars. According to Bloomberg and CNBC, the bail was met by her husband and four former colleagues who together pledged cash and home equity. Meng was jailed based on a U.S. warrant for her arrest after an investigation allegedly found that she had defrauded banks to help Huawei do business with Iran. That action would be in violation ...

Tuesday, 11 December 2018 GSM ARENA GSMArena.com