US prosecutors are seeking the extradition of Chief Financial Officer Meng Wanzhou to face allegations of deceiving multinational banks regarding Huawei's ties to a company in Iran, potentially causing the banks to violate US sanctions. Meng, the daughter of Huawei's founder, was arrested in Vancouver on Dec 1 and has stated she is innocent and will defend herself if sent to the US. The judge presiding over her bail hearing has postponed the decision to Tuesday in order to learn more about who will take responsibility for Meng if she is released. Meng's lawyer has proposed a C$15 million bail guarantee and offered her husband as surety to prevent her from fleeing. However, the judge and the public prosecutor raised concerns about Meng's husband's ability to fulfill this duty as he is not a resident of British Columbia, where Vancouver is located, and would not be affected if she were to violate her bail conditions. Meng's arrest has caused turmoil in the markets due to fears that it could further escalate tensions between the United States and China, which are already strained over tariffs. Both countries have agreed to trade negotiations that must be completed by March 1. Beijing has demanded Meng's immediate release and warned of possible repercussions for Canada. However, officials from both China and the US seem to be avoiding connecting her arrest to the trade dispute. Meng's attorney proposed offering C$14 million in property equity and C$1 million in cash as security, while the public prosecutor insisted on a 50/50 split between cash and property. The judge questioned Meng's avoidance of travel to the United States since 2017, suggesting it may have been to evade arrest. Martin argued that Meng stayed away due to the negative attitude towards Huawei in the US, prompting the court to consider what reason she would have to flee. Martin stated that the evidence against her was not extremely strong. He mentioned that if she were to escape or break the rules in any way, it would not be an exaggeration to say that it would bring shame to China. Meng seemed self-assured in court at the beginning of the day, smiling and holding onto her lawyer's arm. However, as the day progressed, she appeared more anxious, making quick gestures as she discussed with her legal team. She has claimed that she should be let go because she has serious hypertension and is worried about her health. Huawei is the leading provider of telecommunications network equipment globally and the second largest producer of smartphones, generating roughly $92 billion in revenue last year. While many major Chinese technology companies primarily operate within China, Huawei conducts a significant portion of its business internationally. US authorities have accused Huawei of attempting to utilize banks to transfer funds out of Iran, a violation of regulations that prohibit companies from using the US financial system to support sanctioned entities. Huawei and its legal representatives maintain that the company adheres strictly to all relevant laws, regulations, and sanctions imposed by the United States and other governing bodies. The company stated on Monday that they will keep monitoring the bail hearing the next day. They believe that both the Canadian and US legal systems will come to a fair decision.