Meng Wanzhou, the chief financial officer of China's Huawei Technologies Co. Ltd., argued that she should be released on bail while awaiting an extradition hearing, citing her long-standing ties to Canada, properties she owns in Vancouver and fears for her health while incarcerated, court documents showed Sunday.
Meng is fighting to be released on bail after she was arrested on Dec. 1 in Vancouver at the request of the United States. She is also fighting the extradition request, and China has protested her arrest to U.S. and Canadian officials.
Meng, 46, faces U.S. accusations that she misled multinational banks about Huawei's control of a company operating in Iran. This deception put the banks at risk of violating U.S. sanctions and incurring severe penalties, according to court documents seen by Reuters. U.S. officials allege that Huawei was trying to use the banks to move money out of Iran.