Bail hearing for Huawei CFO continues Monday

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A bail hearing for Meng Wanzhou, chief financial officer of China's Huawei Technologies Co., Ltd., was adjourned until Monday at 1:00 p.m. local time, after nearly six hours of arguments and counter-arguments with no decision reached.

Meng appeared in a court in Vancouver following her arrest in Canada at the request of U.S. authorities.

Meng Wanzhou, 46, the daughter of Huawei's founder, was arrested as part of a U.S. investigation on December 1 as she was changing planes in Vancouver, British Columbia.

"At the request of the U.S. side, the Canadian side arrested a Chinese citizen not violating any American or Canadian law," read a statement by the Chinese embassy in Canada hours after Canada's Department of Justice announced the arrest of Meng on December 5.

Huawei CFO Meng Wanzhou (R),‍ arrested on an extradition warrant, appears at her B.C. Supreme Court bail hearing along with a translator, in a drawing in Vancouver, December 7, 2018. /VCG Photo

It's reported that the 46-year-old is accused of breaking American sanctions on Iran and faces a possibility of an extradition the U.S.

Huawei denied any wrongdoing by Meng. In a statement on December 6, the Chinese tech giant said the company complies with all applicable laws and regulations where it operates, including applicable export control and sanction laws and regulations of the U.S., the European Union and the United Nations.

The Chinese Ministry of Foreign Affairs confirmed Meng as a Chinese citizen on Friday, dispelling suspicions over Meng's citizenship.

"China provided Meng Wanzhou with consular assistance and demanded her immediate release. China has made its stance clear, demanding an immediate clarification of the reasons for detention," said spokesperson Geng Shuang.

Huawei is one of the largest telecommunications equipment and services providers in the world.