Thursday , January 21 2021

Huawei CFO can be on hook for more than $ 1 million per year in security costs: expert

The US security expert who acted as a bailout for the billionaire billionaire Bernie Madoff said the cost per view of Huawei CFO Meng Wanzhou could easily reach $ 1 million a year.

Meng was released from custody on Tuesday on bail of $ 10 million. It faces a possible extradition to the United States to prosecute for violating sanctions against Iran.

Among the terms of Meng's release are the demands she wears on the e-ankle bracelet to stay at her Vancouver between 11 pm and night. And 6:00

read more:
Huawei CFO Mang Wanzhou has granted a guarantee, will live in Vancouver under electronic surveillance

It will also be directly supervised by a private security firm, Lions Gate Risk Management.

Meng must pay the costs of overseeing it from his pocket, something Nick Casale, a former NYPD officer who has written and enforced the bail change agreement for Madoff, said will get expensive.

"I would say that the monthly costs would be between $ 100,000 and $ 150,000," he said.

"Most likely they will be returned to law officers, peace officers or law enforcement, and they will be independent people, although they will be paid by the defense and part of the defense team but they will have their own integrity.

"They will not let her do anything that violates the bail change."

Watch: Meng Wanzhou, Huawei CFO, was released from detention

If Meng chooses to fight her extradition order, this cost could eventually cost millions of dollars.

For example, the case of Lai Changxing, a Chinese businessman who fled to Canada after a bribery scandal, lasted for 12 years before he was finally removed.

But while Casale said that both Madoff and Meng were bail subjects with deep pockets and a potential incentive to escape, he added that in many ways Meng's supervision would be easier than Madoff's.

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"Madoff was the ultimate criminal with $ 65 billion, there were fears that Madoff himself might have committed suicide, and there were greater fears that someone who lost in Madoff's case might look vengeful against Madoff and kill him," he said.

"We had the additional threats that they did not have in this case, so we had to make sure that Majf was in his apartment."

Despite these differences, Casale said he saw the terms of Meng's release – which allow her to travel between Vancouver, Richmond and parts of northern Vancouver – to be too loose, and told Global News that if he was involved, he would not allow it much mobility.

Watch: New evidence released in the extradition case against Wanzhou Meng

Both conditions of Madoff and Mang require electronic monitoring, and Casale technology said he did not believe much.

Despite this, Casale said that while it is not impossible that Meng can try to escape from Canada, he does not think this is likely – especially because it will also be under direct supervision.

"I do not want to make the mistake they made when they said the Titanic was unbearable," he said.

"There is always a remote possibility that something can happen, but I think that the defense, in obtaining a security company, has taken all the necessary steps to ensure that the defendant does not run away."

© 2018 Global News, a division of Corus Entertainment Inc.

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