Huawei's chief financial officer has been released on $10 million bail — with five guarantors — as she awaits possible extradition to the United States on fraud charges. 
 
 Meng Wanzhou, 46, was granted bail after three days of hearings concluded on Tuesday afternoon. 
 
 She exited through a side door at B.C. Supreme Court in downtown Vancouver around 8 p.m. PT, nearly five hours after Justice William Ehrcke delivered his decision. 
 
 Dressed in a bright hoodie and jacket, Meng was surrounded by security and rushed into a black car, headed to the west-side home where she is set to live. 
 
 In delivering his reasons for granting the bail, the judge said $7 million of that bail payment must be made in cash. 
 
 Meng must also report to a bail supervisor, maintain good behaviour, live at a house owned by her husband, Liu Xiaozong, and stay in that house between the hours of 11 p.m. and 6 a.m. 
 
 She will not be allowed to leave the province of B.C. 
 
 Huawei official Meng Wanzhou, arrested on a U.S. warrant, was released on $10 million bail 0:51 
 
 She must also surrender her passports, wear an electronic monitoring bracelet on her ankle and live under surveillance 24/7. Meng has been ordered to pay the surveillance costs herself. 
 
 After Ehrcke finished reading his reasons for granting bail, Meng turned to smile and wave at her husband sitting in the front row. He'd been sitting hunched over with his chin in his hands as the judge spoke. 
 
 Bail rules 'offset risk' of flight: judge 
 
 Ehrcke said the "sole question" he had to consider was whether bail terms proposed by Meng's legal team were enough to "offset the risk" of her fleeing Canada. 
 
 He told the courtroom he believed "the risk of her non-attendance in court can be reduced to an acceptable level" under the bail conditions. 
 
 The decision, which prompted an eruption of applause from the packed courtroom gallery, comes after a back and forth between Meng's lawyers and Canadian prosecutors acting on behalf of the U.S. 
 
 Meng sits in court during the third day of her bail hearing at B.C. Supreme Court in Vancouver on Tuesday. (Jane Wolsak/Canadian Press) 
 
 Meng, the daughter of Huawei's multi-billionaire founder, was detained in Vancouver on fraud charges at the request of U.S. authorities more than a week ago. She was arrested at Vancouver International Airport on her way from Hong Kong to Mexico. 
 
 Huawei is one of the world's biggest suppliers of network gear for phone and internet companies, with partnerships with various Canadian universities as well as BCE and Telus. Its 2017 annual report said it brought in more than $90 billion US in revenue. 
 
 The extradition process could take months. Meng is scheduled to appear in court again on Feb. 6 to set a date for those proceedings. 
 
 In a statement posted on Twitter, Huawei Technologies said it "looks forward to a timely resolution." 
 
 "We have every confidence that the Canadian and U.S. legal systems will reach a just conclusion in the following proceedings. As we have stressed all along, Huawei complies with all applicable laws and regulations in the countries and regions where we operate, including export control and sanction laws of the UN, U.S., and EU," it read in part. 
 
 Scene outside the court - where the crowd has swollen and the rain has stopped <a href="https://t.co/VEo1obJkh0">pic.twitter.com/VEo1obJkh0</a> —@proctor_jason 
 
 Fleeing would embarrass China: lawyer 
 
 The first two days of Meng's bail hearing were a back-and-forth argument over how — or if — the court could be assured Meng wouldn't flee if released on bail. 
 
 Martin presented his client as a person of sound character who could be trusted to remain in Canada, since it would embarrass China if she fled. He also pitched an in-depth surveillance program that Meng would pay for herself. 
 
 Martin has also said that Meng's husband would pledge a total of $15 million — including the value of two Vancouver homes and $1 million in cash — and live with her to ensure she obeys court conditions. Justice Ehrcke questioned his suitability as a guarantor because he isn't a B.C. resident. 
 
 Meng is the daughter of Huawei founder Ren Zhengfei. She serves as chief financial officer and deputy chair of the company's board. (Maxim Shipenkov/EPA) 
 
 John Gibb-Carsley, a federal prosecutor representing Canada's attorney general, had asked the judge to deny Meng's request for bail, saying she has more than enough money to leave Canada and has no meaningful connection to Vancouver. 
 
 Gibb-Carsley, acting for the U.S., questioned the ability of four friends to act as sureties and asked that Liu be excluded as an option altogether. The lawyer said Liu's interests were "too aligned" with Meng's; if she wanted to bolt, the lawyer said, "he would go" with her. 
 
 Meng smiled and laughed with a member of her legal team after she entered the courtroom Tuesday morning, wearing the same green correctional centre sweatsuit she's worn to all her appearances. 
 
 Liu was seated directly behind the glass prisoner's box, wearing a grey sweater and flanked by Huawei employees. The rest of the courtroom was packed with family and international media, with hordes of people waiting in the hallways for an update. 
 
 Liu Xiaozong, Meng's husband, leaves B.C. Supreme Court on Dec. 10. (Jonathan Hayward/Canadian Press) 
 
 The U.S. has accused Meng of repeatedly lying to financial institutions about the relationship between Huawei and a company called Skycom, which it says did business in Iran in violation of international sanctions. 
 
 She was being held on a provisional warrant. U.S. authorities have 60 days to make an extradition request and, as of Tuesday, have not done so. 
 
 Meng's father Ren Zhengfei is said to be worth $3.2 billion US. She serves as deputy chair of the company's board and served on the board of Skycom in 2008 and 2009. 
 
 Meng's case has rattled international financial markets and threatened the fragile trading relationship between the U.S. and China. The B.C. government has already suspended at least one planned meeting in China in light of the executive's arrest. 
 
 Supporters of Meng rallied outside of B.C.'s Supreme Court on Monday. Bail hearings for the detained executive have drawn droves of onlookers, supporters and international media, with lineups snaking out of the building and around courthouse steps. (The Canadian Press) 
 
 Hours before Tuesday's hearing, news broke that a former Canadian diplomat — who worked as a political lead for Prime Minister Justin Trudeau's visit to Hong Kong in 2016 — had reportedly been arrested in China. 
 
 News of Michael Kovrig's detention comes after China warned Canada of "consequences" for Meng's arrest — but it's not clear if there is any link between the two cases. 
 
 Earlier Tuesday, U.S. President Donald Trump's top representative in Canada, Ambassador Kelly Craft, dismissed Chinese claims of a political motive behind Meng's arrest as "absolutely false." 

 The Huawei Technologies executive whose arrest touched off an international furor was ordered released on $10-million bail Tuesday in Vancouver. 
 
 On the third day of her bail hearing, B.C. Supreme Court Justice William Ehrcke said Meng Wanzhou, 46, had met the legal burden necessary for her to be released from prison pending her extradition hearing. 
 
 There was loud clapping in the courtroom’s packed public gallery after the judge read out his decision. 
 
 The judge told Meng, the chief financial officer of the Chinese tech giant, that she must return to court on Feb. 6. 
 
 Meng, a mother of four, smiled and gave a thumbs up to supporters in the gallery. Her husband, Liu Xiaozong, who was seated behind her in the gallery, shook hands with several people. 
 
 Liu had been willing to act as a surety, backed by the couple’s two Vancouver homes valued at $14 million as well as a cash bail of $1 million. 
 
 But on Monday the judge questioned whether Liu, who is a Chinese citizen here in Canada on a six-month’s visitors visa, could be an appropriate surety. 
 
 Meng’s lawyers arrived in court Tuesday with a proposal for four more sureties — four Vancouver residents who knew Meng and were willing to put up a total of $3 million. 
 
 On Tuesday, the judge said it appeared that there was some uncertainty about the ability of a non-resident to act as a surety in Canada and noted that the four additional sureties had come forward. 
 
 He said that while no bail order can ever function as an absolute guarantee, he was satisfied that bail of $10 million was sufficient to address any risk that Meng might flee Canada. The bail will consist of $7 million in cash and five or more sureties totalling $3 million. 
 
 The judge said Meng was a “well-educated businesswoman” who has no criminal record and added that the flight risk can be reduced to an acceptable level by imposing that amount. 
 
 Meng must wear a GPS ankle bracelet, be subject to 24-hour surveillance, surrender any passports or travel documents and be under a curfew. Any travels will be restricted to Vancouver and Richmond and parts of the North Shore. 
 
 David Martin, Meng’s lawyer, declined to comment on the case. Liu was also not making himself available to discuss the case. 
 
 Huawei Technologies issued a brief statement, with a spokesman who was in court taking no questions from reporters. 
 
 “We have every confidence that the Canadian and U.S. legal systems will reach a just conclusion in the following proceedings,” said the statement in an apparent reference to the upcoming extradition proceedings. 
 
 “As we have stressed all along, Huawei complies with all applicable laws and regulations in the countries and regions where we operate, including export control and sanction laws of the UN, U.S. and E.U.” 
 
 Martin told the judge earlier on Tuesday that one of the new sureties who had come forward was a B.C. man who met Meng and her husband in 2009 and acted as their realtor when they purchased their two Vancouver west side homes. 
 
 He said that the man was prepared to pledge his $1.8 million home and would report any breaches of bail by Meng. 
 
 “So this is a classic surety, my Lord,” said Martin. 
 
 The second surety, who had known Meng since the 1990s, offered $500,000 of equity in a home valued at $1.4 million. 
 
 The last surety, a yoga instructor who lives close to one of Meng’s homes in Vancouver, offered $50,000 cash bail. 
 
 The main issue at the hearing, which began Friday following Meng’s arrest Dec. 1 in Vancouver, had been whether conditions could be crafted to ensure she doesn’t flee Canada and return to her home country of China. 
 
 Even after Meng is released from custody, she faces a long road ahead of her, as extradition cases can take months and, in some cases, even years to make their way through the B.C. courts. 
 
 The U.S., which wants to put Meng on trial on fraud charges after alleging she participated in a scheme to bypass U.S. trade sanctions against Iran, has 60 days after the arrest to put together an official request for extradition known as a record-of-the case. 
 
 The federal Justice Department must then decide whether to approve the extradition case going forward, issuing a so-called authority to proceed. 
 
 Meng was arrested at the Vancouver airport after arriving on a flight from Hong Kong. She was taken into custody before she could take her transfer flight to Mexico. 
 
 kfraser@postmedia.com 
 
 twitter.com/keithrfraser
– Huawei CFO Meng Wanzhou walked free from a Vancouver courthouse Tuesday night after a bail hearing that lasted three days. She was released on bail of $10 million Canadian—around $7.5 million American—after BC Supreme Court Justice William Ehrcke decided the bail terms were enough to "offset the risk" of the Chinese citizen fleeing Canada during proceedings to extradite her to the US, where she is accused of violating sanctions on Iran, the Vancouver Sun reports. He said $7 million Canadian of the bail must be paid in cash. The five guarantors include a man who pledged his $1.8 million home. Under the bail conditions, Meng, 46, is required to wear an ankle bracelet and surrender her travel documents, the CBC reports. She will not be allowed to leave the province of British Columbia and she will be under surveillance 24 hours a day, which she has agreed to pay for herself. Meng is due to appear in court again Feb. 6 to set a date for extradition proceedings, which could last for months. "We have every confidence that the Canadian and US legal systems will reach a just conclusion in the following proceedings," a spokesman for the Chinese tech company said. (China, which threatened retaliation after Meng's Dec. 1 arrest, has detained a former Canadian diplomat.)