FIRST AIRED: December 10, 2018

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 4

×

Transcript

00:00:02
>> Meng Wanzhou, the detained CFO of Huawei, is seeking bail in Canada on concerns for her health. Meng is fighting to be released after her arrest earlier this month in Vancouver. She faces extradition to the United States. Court documents showed US authorities accused her of misleading banks, and putting those banks at risk of breaking US sanctions on Iran.
00:00:23
They allege she was trying to use those banks to move money out of Iran. Court documents also show that in the meantime she wants to be released and not only on grounds that she suffers from hypertension. She's also citing her long-standing ties with Canada, and mentioned she owns two homes worth millions in Vancouver.
00:00:42
Meng is also the daughter of the founder of Huawei, one of China's key tech companies. It's the world's biggest supplier of networking hardware. Reuters' Ben Blanchard says that China has reacted with outrage.>> Over the weekend, the Chinese foreign minister called on both Canadian and US ambassadors to lodge strong complaints over the arrest of Meng Wanzhou.
00:01:02
They said that if the Canadians do not immediately release her, then Canada will have to bear the full consequences of this. An obvious target would be maybe Canadian companies but that really is just speculation.>> Meng’s arrest has put global markets on edge with investors worried it could sabotage any chance of a trade deal between Washington and Beijing.
00:01:23
It's also stirring up fears of reprisals.>> Certainly talking to the foreign business community in China there is some trepidation, some concern that perhaps, yes, as US or maybe Canadian citizens, or people who work for US or Canadian companies. That they could be somehow targeted by the Chinese government in sort of retaliation.
00:01:42
Were it to do something like that, it would really raise the temperature in this dispute.>> In a sworn affidavit, Meng said she is innocent and will contest the allegations at trial in the US, if she's handed over from Canada. Her family assured the court she would remain in Vancouver if she was granted bail.
00:01:59
Meng returns to court for a bail hearing on Monday.