The Latest: Lawyer for Chinese exec seeks monitored release

The Latest on the arrest in Canada of Chinese tech executive Meng Wanzhou. (all times local):

10:58 a.m.

The lawyer for a top Chinese executive who faces fraud charges in the U.S. says his client will hire a surveillance company that should be provided with the ability to arrest her if she breaches bail conditions.

David Martin, Meng Wanzhou’s lawyer, called to the stand a representative from a surveillance company. Martin says Meng would cover the expenses of the company and says the surveillance company will arrest her if she tries to flee.

Monday is the second day of a hearing on whether to release Meng on bail in Canada. Meng is the chief financial officer of telecommunications giant Huawei and also the daughter of its founder.

She was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1. The U.S. alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions. It also says that Meng and Huawei misled American banks about its business dealings in Iran.

———————

10:24 a.m.

The bail hearing for a top Chinese executive who faces fraud charges in the U.S. is resuming.

It’s the second day of a hearing on whether to release Meng Wanzhou on bail in Canada. Meng is the chief financial officer of telecommunications giant Huawei and also the daughter of its founder.

She was detained at the request of the U.S. during a layover at the Vancouver airport on Dec. 1 — the same day that Presidents Donald Trump and Xi Jinping of China agreed over dinner to a 90-day ceasefire in a trade dispute that threatens to disrupt global commerce.

China formally protested the arrest to the ambassadors of Canada and the United States over the weekend.

The U.S. alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of U.S. sanctions. It also says that Meng and Huawei misled American banks about its business dealings in Iran.

————————

8:55 a.m.

There was a break-in at the Vancouver home of a tech executive from China who is being detained at the request of the United States.

Vancouver police say they received a 911 call about the intrusion just before 5:30 a.m. Sunday, but that the suspects fled the area after being challenged by someone in the house.

A defense lawyer for Meng Wanzhou, the chief financial officer for Huawei and the daughter of its founder, said at a bail hearing that Meng and her husband purchased the home in 2009. Land title documents show the registered owner is Xiaozong Liu and B.C. Assessment says the property is valued at $5.6 million Canadian ($4.1 million).

A bail hearing for Meng continues in Vancouver on Monday with the United States seeking her extradition on fraud allegations. She lives in China but is a former permanent resident of Canada.

———————

10:10 a.m.

China says there is no evidence to back up claims in the West that Huawei (WAH-way) and other Chinese tech companies pose a security threat.  

Foreign Ministry spokesman Lu Kang said Monday that other countries are hyping up security threats to create obstacles for Chinese companies trying to do legitimate business.   

His comments come shortly before Huawei executive Meng Wanzhou (MUHNG’ Wahn-JOH’) was due in court in Canada for a resumption of her bail hearing.  

The U.S. alleges Huawei used a Hong Kong shell company to evade U.S. trade curbs on Iran and wants Meng extradited. She was detained on Dec. 1 while changing planes in Vancouver.