Huawei's chief financial officer Meng Wanzhou is set to return to court for a third day of bail hearings today as she discovers if she will be freed on bail pending extradition to the US.
Meng, faces accusations that she misled banks about Huawei’s control of a company operating in Iran, putting the banks at risk of violating US sanctions and incurring severe penalties, according to court documents.
China has repeatedly demanded the release of Meng, who is one of Huawei’s most senior executives and daughter of its founder Ren Zhengfei.
The hearing will enter its third day as the judge hears more on the issue of who will take responsibility for Meng’s actions if she is released.
Meng’s lawyer had offered her husband, Liu Xiaozong, as surety, but the judge and the public prosecutor questioned whether he could perform this duty as he is not a resident of British Columbia and would not suffer if she were to breach her bail conditions.
“If Ms Meng were to flee, were to abscond, Mr Liu would not be left behind here,” the public prosecutor said. “He would go with her.”
Meng’s lawyer has suggested surveillance devices and a 24-hour security detail to ensure she does not leave the country.
He has also proposed a 15m Canadian dollar (£8.9m) bail guarantee and said she will hand over her passports and travel document to Canadian police.
Meng’s arrest has hit global markets hard because of fears it is a sign of the trade war between China and the US heating up again.