A jailed Chinese technology executive will have to wait at least more day to see if she will be released on bail in a case that has raised U.S.-China tensions and complicated efforts to resolve a trade dispute that has roiled financial markets and threatened global economic growth.
Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei and daughter of its founder, was detained at the request of the U.S. during a layover at the Vancouver airport December 1 the same day that Presidents Donald Trump and Xi Jinping of China agreed to a 90-day cease-fire in the trade dispute that threatens to disrupt global commerce.
The U.S. has accused Huawei of using a Hong Kong shell company to sell equipment to Iran in violation of U.S. sanctions. It also says Meng and Huawei misled banks about the company’s business dealings in Iran.
After a second daylong session, Justice William Ehrcke said the bail hearing would continue Tuesday. In urging the court to reject Meng”s bail request, prosecutor John Gibb-Carsley noted the Huawei executive has vast resources and a strong incentive to flee as she is facing fraud charges in the United States that could put her in prison for 30 years.