Huawei CFO seeks bail on health concerns

Huawei Technologies’s top executive has requested to release her on bail due to the health issue.

 

Huwaie is China’s leading telecom and technology company. Its CFO Meng Wanzhou was arrested on December 1 at the request of the US.

 

CFO Meng said that she must be released on bail considering her health status. She is waiting for a hearing in Canada

 

Meng is 46 and is facing an accusation by the US that she has misguided the multinational banks. She is accused of telling false facts about Huawei controlling a company in Iran.

 

It means the banks of the US are at risk as they are violating US sanctions.

 

China, on the other hand, is disappointed with the accusations put on her and has expressed its anger against her detention. This trial is affecting the global market and the US-China relations too.

 

Huawei Technologies Co., Ltd. is a Chinese MNC from the telecommunication sector. It is also present in the equipment and consumer electronics sector. It is headquartered in Guangdong, South China.