Chinese business executive Meng Wanzhou’s husband Liu Xiaozong revealed that Meng’s arrest has severely impacted her and their family. Let us reveal the details of Meng’s husband, her arrest details and explore if she has been released or not.
Meng Wanzho, also known as Cathy Meng and Sabrina Meng, is a Chinese business leader who serves as the vice-chair of the board and chief financial officer (CFO) of Huawei.
In fact, Huawei is the telecom giant and China’s biggest privately owned corporation, established by her father, Ren Zhengfei.
As per the reports, she was detained by the Royal Canadian Mounted Police on a provisional extradition request from the United States for fraud and conspiracy to conduct fraud in order to evade US sanctions against Iran.
Moreover, Meng Wanzhou was charged with financial fraud by the US Department of Justice on January 28, 2019.
Who is Meng Wanzhou Husband Liu Xiaozong?
Meng’s husband, Liu Xiaozong, filed an affidavit stating that his wife’s bail restrictions had a detrimental impact on her and their family.
In addition, her husband also goes by the name Carlos, and he is a self-employed venture investor.
Moreover, her three sons are from previous marriages, and she and her current husband, Liu Xiaozong, have a daughter together.
Meng and her husband are owners of two houses in Vancouver, each valued at $22 million.
Meng Wanzhou Arrest Details
Meng Wanzhou, 48, was arrested two years ago at Vancouver International Airport by Canadian officials who were acting on a US arrest order.
Moreover, she is charged with bank fraud in the United States for allegedly lying to HSBC (HSBA.L) about Huawei’s (HWT.UL) business operations in Iran, causing the bank to violate US sanctions.
Huawei Chief Financial Officer Meng Wanzhou’s lawyers argued in court that she should be allowed to leave the country without the security detail. In fact, that had been a condition of her bail since her arrest in December 2018.
Is Meng Wanzhou Released?
As per the reports, Huawei Chief Executive Meng Wanzhou has been released on bail of C$10 million or $7.9 million.
After being released from jail, Meng has been placed under home arrest. She is allowed to leave the house between the hours of 6 a.m. and 11 p.m.
Moreover, she pays for 24-hour security detail and wears a GPS tracking anklet.
Meng will work from Vancouver and be subjected to electronic surveillance. Her husband, a venture investor, will join her in Vancouver, as will their daughter.