As Huawei Cfo Offers Husband, Children For Bail Collateral, About Background

The commencement one-half of the headline is from ZeroHedge, Dec 11:

Lawyers for indicted Huawei CFO Meng Wanzhou position a novel spin on an onetime Rodney Dangerfield joke on Tuesday when they offered to pledge both of Meng's multimillion dollar homes as good as her hubby (and her children) every bit collateral should the executive last granted bail.
Yes, you lot read that right:

• HUAWEI CFO'S LAWYER PLEDGES HUSBAND PLUS four OTHERS AS SURETIES

Meng's lawyer likewise agreed that their customer would article of apparel an talocrural articulation bracelet patch complimentary on bail.

• MENG'S LAWYER ALSO AGREES TO ELECTRONIC SURVEILLANCE FOR BAIL
• CANADA JUDGE AKS HOW `HYPOTHETICAL' BAIL RELEASE TO BE FRAMED
  

Canadian prosecutors fence that Meng is an obvious flying necessitate chances in addition to should last held until she is extradited to the the States (a procedure that could accept years) or tried inward Canada. Meng has no deep ties to Canada in addition to likewise has at her disposal immense resources (including numerous passports in addition to her father's $2 billion fortune) to evade judge inward perpetuity should she supply to China, which doesn't receive got an extradition treaty amongst the the States or Canada. Meng's lawyers, meanwhile, cited her family's residences inward Vancouver every bit good every bit their clients sick wellness next a bout amongst thyroid cancer every bit reasons why she should last released....MORE

And from the Wall Street Journal, Dec 10:

Arrest of Huawei CFO Hinges on an Offshore Puzzle

In a presentation to bankers inward 2013, Meng Wanzhou, the primary fiscal officeholder of Huawei Technologies Co., explained that her fellowship no longer had a stake inward Skycom Tech Co., a Hong Kong fellowship that did concern amongst Iran, in addition to that she had quit its board, according to the executive’s defense.

Ms. Meng said she had served on the Skycom board to ensure it complied amongst merchandise rules, according to newly released defence filings that get upward the 2013 PowerPoint presentation to HSBC Holdings Ltd.
Ms. Meng’s lawyer said Fri that she in addition to Huawei severed ties to Skycom inward 2009 in addition to can’t last held responsible for its activities inward the years that followed.

Chinese telecom giant Huawei has long caused tension betwixt Washington in addition to Beijing. WSJ’s Shelby Holliday explains what the fellowship does in addition to why it’s significant. (Photo: Aly Song/Reuters)
U.S. prosecutors tell Skycom remained nether Huawei’s control; betwixt 2010 in addition to 2014, they say, Skycom was used every bit a forepart for Huawei’s dealings amongst Islamic Republic of Iran inward an scheme that duped banks into approbation millions of dollars inward transactions that violated sanctions.

Canadian officials arrested Ms. Meng, the 46-year-old miss of Huawei’s billionaire founder Ren Zhengfei, on Dec. 1 at the asking of the U.S., which is seeking her extradition to confront multiple criminal charges that each acquit upward to thirty years inward prison, a motion that has enraged the Chinese government.

Ms. Meng denies the charges. Influenza A virus subtype H5N1 lawyer representing Ms. Meng told a Canadian courtroom on Fri that the persuasion the executive engaged inward fraud volition last “hotly contested.” Influenza A virus subtype H5N1 Canadian approximate was laid upward to necessitate heed farther arguments on Mon on whether Ms. Meng should last released on bail pending a determination on her extradition. Huawei has said it knows of no wrongdoing past times Ms. Meng.
The illustration could hinge on a large slice of the Skycom puzzle: Who ultimately controlled the fellowship after 2009?

The response is shrouded inward mystery inward component because of the opaque ownership of Skycom during the fourth dimension Ms. Meng served on its board. Influenza A virus subtype H5N1 Wall Street Journal seek of Hong Kong corporate records constitute that Canicula Holdings Ltd., a fellowship registered inward the Indian Ocean isle land of Mauritius, bought Skycom from a Huawei subsidiary inward Nov 2007. Canicula retained ownership until Skycom was dissolved final year....MORE

It seems at that topographic point is much to a greater extent than to this storey to come upward out, remain tuned.