US prosecutors are seeking the extradition of Meng Wanzhou, Chief Financial Officer of Huawei, for allegedly deceiving multinational banks about the company's control of an Iranian company, potentially causing the banks to violate US sanctions. Meng, daughter of Huawei's founder, was arrested in Vancouver and maintains her innocence, vowing to fight the accusations. The judge in a bail hearing postponed proceedings to the next day to further discuss who would take responsibility for Meng if she is released. Meng's lawyer proposed her husband as surety and offered a bail guarantee of C$15 million. The judge and the public prosecutor questioned whether Meng's husband, who is not a resident of British Columbia where Vancouver is located, could fulfill his duty if she were to breach her bail conditions. Meng's arrest has caused turmoil in markets, raising concerns that it could worsen tensions between the United States and China, which are already high due to tariffs. Both countries have agreed to trade negotiations that need to be completed by March 1. Beijing has demanded Meng's immediate release and warned of potential repercussions for Canada. However, officials from both China and the US seem to be avoiding connecting her arrest to the trade dispute. Meng's lawyer proposed offering C$14 million in property equity and C$1 million in cash as security, while the public prosecutor countered by suggesting half of the guarantee be in cash and half in property. The judge questioned Meng's avoidance of travel to the United States since 2017, insinuating it was to evade arrest. Martin explained that Meng stayed away due to the "hostile" attitude toward Huawei in the United States, and asked 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 violate any orders, it would not be an exaggeration to say that it would bring shame to China. Meng seemed calm and confident in court at the beginning of Monday, smiling and leaning on her lawyer. However, later in the day, she appeared more anxious, making quick gestures while discussing with her legal team. She has requested to be released due to her severe hypertension and concerns about her health. Huawei, the world's leading supplier of telecommunications network equipment and the second-largest manufacturer of smartphones, generated approximately $92 billion in revenue last year. Despite being a major Chinese technology company, Huawei conducts a significant portion of its business internationally. US authorities claim that Huawei attempted to utilize banks to transfer funds out of Iran, which is prohibited as companies are not allowed to use the US financial system to provide goods and services to sanctioned entities. Huawei and its legal team maintain that the company strictly adheres to all relevant laws, regulations, and sanctions imposed by the United States and other entities. The company stated on Monday that they will keep monitoring the bail hearing scheduled for tomorrow. They are confident that both the Canadian and US legal systems will come to a fair decision.