US prosecutors are seeking the extradition of Meng Wanzhou, the Chief Financial Officer of Huawei, on allegations that she misled banks about the company's operations in Iran, potentially putting the banks at risk of violating US sanctions. Meng, who is the daughter of Huawei's founder, was arrested in Vancouver on Dec 1. She maintains her innocence and plans to contest the allegations at trial if she is sent to the US. The judge in a bail hearing on Monday postponed the proceedings to Tuesday to further discuss who will be responsible for Meng if she is released. Meng's lawyer proposed a C$15 million bail guarantee and offered her husband as surety to ensure she does not flee. However, the judge and prosecutor raised doubts about Meng's husband's ability to fulfill his duty as he does not reside in British Columbia, where Vancouver is situated, and would not face consequences if she were to violate her bail terms. The arrest of Meng has caused turmoil in the markets amid concerns that it could escalate tensions between the United States and China, which are already high due to tariffs. Both countries have agreed to trade talks that need to be finalized by March 1. Beijing has demanded the immediate release of Meng and warned of potential repercussions for Canada. Despite this, officials from China and the US seem to be avoiding connecting her arrest with the trade dispute. Meng's attorney proposed putting up C$14 million worth of property and C$1 million in cash as security. The prosecutor requested that half of the guarantee be in cash and the other half in 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 perception of Huawei in the US, and questioned what reason she would have to flee. Martin claimed that the evidence against her was not strong enough. He stated that if she were to escape or violate any orders, it would be a huge embarrassment for China. Meng seemed calm and composed in court at the beginning of the day, but later appeared more anxious as she spoke quickly with her legal team. She is arguing that she should be released due to her severe hypertension and concerns for her health. Huawei is the top provider of telecommunications network equipment globally and the second largest producer of smartphones. It generated approximately $92 billion in revenue last year, and unlike many other major Chinese technology companies, conducts a significant portion of its business internationally. US authorities claim that Huawei attempted to utilize banks to transfer funds out of Iran, a violation of regulations prohibiting companies from utilizing the US financial system to provide goods and services to sanctioned entities. Huawei and its legal representatives maintain that the company adheres strictly to the laws, regulations, and sanctions of the United States and other relevant parties. The company stated on Monday that they will continue to monitor the bail hearing tomorrow and believe that both the Canadian and US legal systems will come to a fair decision.