Huawei exec's lawyers argue for bail in Canadian court

A policeman stands watch outside the Canadian Embassy in Beijing on Dec. 12

A policeman stands watch outside the Canadian Embassy in Beijing on Dec. 12

Huawei CFO Meng Wanzhou, daughter of the company's founder Ren Zhenfei, was arrested on December 1 in Vancouver to be handed over to the United States where she is suspected of fraudulent activities to bypass USA sanctions on Iran.

The two sides agreed there to delay a planned January 1 United States increase of tariffs to 25 percent from 10 percent on $200 billion worth of Chinese goods while they negotiate over China's huge bilateral trade surplus and U.S. complaints that it steals technology.

No one has been arrested and no one was injured, says Sgt. Jason Robillard.

The U.S.is accusing the company of using subsidiary Skycom to do business with Iran, which would bypass sanctions.

The hearing has sparked widespread interest, and the courtroom was packed again on Monday (Canadian time) with media and spectators, including some who came to support Meng.

Meng Wanzhou appeared in court Friday as she sought bail after being arrested in Canada during a layover on her way to Mexico.

'We believe this is inhumane and violates her human rights, ' Lu said at a regular press briefing.

The Chinese government warned Canada that if Meng is not released, the country will face "grave consequences".

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While Meng's arrest has provoked a ferocious diplomatic backlash from Beijing, it has also triggered a sideshow in Hong Kong, and become a cause for considerable concern in the city.

Lawyers for Meng argued that she should be granted bail, saying that a combination of high-tech devices and a multi-million dollar bond could ensure she does not flee.

In documents filed in the Supreme Court of British Columbia, where Ms Meng's case is being heard, details have emerged revealing the CFO's personal life.

In particular, the details released by the USA justice department indicate that Meng was travelling on her second HKSAR passport, going by the sequence of the numbers of her passports, when she was apprehended by Canadian authorities, suggesting that Meng could possibly be having two valid HKSAR passports (the second and third ones) at the same time.

On Tuesday, Asian equities struggled again despite a bounce in NY as investors fret over a flawless storm of issues, including fears that the arrest of Meng Wanzhou, Huawei's chief financial officer, in Canada could further inflame the China-US trade row.

The Huawei case complicates efforts to resolve a US-China trade dispute. "They don't want the tariffs to go up to 25" percent, said Perry, who produces the "US China Trade War" blog.

Huawei, the biggest global supplier of network gear for phone and internet companies, has become the target of US security concerns because of its ties to the Chinese government. Washington has pressured other countries to limit use of its technology, warning they could be opening themselves up to surveillance and theft of information. China's foreign ministry spokesman expressed further hope on Monday on the prospects of reaching a deal before a 90-day deadline. "We've got serious people working on them and I don't think they'll be affected by this", Lighthizer said.

Canadian officials have declined to comment on Chinese threats of retaliation, instead emphasising the independence of Canada's judiciary and the importance of Ottawa's relationship with Beijing.

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