Huawei CFO could be on the hook for more than $ 1M per annum in security costs: an expert



The SA security expert, which was the sponsorship of a trustee billionaire employee Bernie Madoff, said that the cost of seeing Huawei CFO Meng Wanzhou could be extremely interesting at $ 1 million a year.

Meng was released from a USD contract on a $ 10 million trust. It opposes to & # 39; generating revival to the US to counteract costs against the breach of sanctions against Iran.

The terms of Meng leave include the requirements that she has a & # 39; throwing an electronic ankle bracelet and living inside his home of Vancouver between 11 hours. and 6 a.m.

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It is also led by a private security company, Gate Lions Risk Management.

Meng must pay the costs of that direction out of his pocket, something that Nick Casale, who had been a NYPD officer who wrote and signed the change agreement to trust Madoff, said.

"I say there would be monthly costs of $ 100,000 and $ 150,000," he said.

"It's more likely that lawyers, law enforcement officers or law enforcement will be on them, and they will be independent, even though they pay their protection and as part of defense team but they will have their own integrity.

"They do not allow it to do anything that is a trust bankrupt".

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If Meng chooses to make a fight with her separation order, that cost may last go to millions of dollars.

For example, the case of Lai Changxing, a Chinese businessman who escaped to Canada after being involved in bribery scandal, was withdrawn for 12 years before being finalized.

But while Casale was saying she was dead subjects with deep pockets; in Madoff and Meng and his ability to escape, he said that Meng's management is easier than Madoff in many ways.

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"Madoff was the last crime of $ 65 billion. There was a concern that Madoff could self-kill himself. There were more concerns that someone who could be defeated in a Madoff case could look for revenge Madoff and kill him, "he said.

"We have had the extra dangers we could have on this issue and so we needed to make sure Madoff was a native."

Despite these differences, Casale said that he is in a position; look at the Meng publishing terms – which allow them to travel between Vancouver, Richmond and parts of North Vancouver – being too close to telling Global News that it would be allowed to move a lot.

WATCH: New evidence released in the case of extradition against Meng Wanzhou





The terms of Madoff and Meng require electronic monitoring, Casale's technology has little credit.

Despite this, Casale said that although Meng's attempt to escape from Canada, he is not unlikely. It seems that it seems – largely because it is also under direct direction.

"I do not want the mistake they made when they said that the Titanic was incapable," he said.

"It is always the remoteness that something might happen. But I think that protection, in securing a security company, has put the necessary steps in place to ensure the person does not fall. "

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


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