Meng Wanzhou, Chief Financial Officer (CFO) of China's Huawei Technologies Co. Ltd., was released on bail on December 11 by a Canadian court.

Meng is provisionally detained by Canadian authorities at the request of the United States as she was transferring flights in Canada on December 1.

She was accused of lying to financial institutions about the use of a subsidiary to sell to Iran in violation of U.S. sanctions. Meng's lawyer denied the charge.

Meng will be allowed to stay in her Vancouver home until her next court date on February 6 and as the United States formally files an extradition request by January 8.

Born in 1972, Meng is the daughter of Huawei founder Ren Zhengfei. She joined Huawei in 1993 and worked her way up from secretary to CFO of the company in 2011 and vice chairman in March.