Meng Wanzhou, chief financial officer of China’s Huawei Telecom and Technology Group, signed a deal with the US Department of Justice. This will remove the fraud and conspiracy charges against the CEO. As long as Meng does not violate the terms of the deal, she will not be sued.
On Friday, the US government proposed in a New York court that the trial of the chief financial officer of the Chinese telecom giant Huawei, Meng Wanzhou, be “postponed” until the end of 2022. The director has been tried in court for three years, including bank fraud. The prosecutor then agrees not to prosecute if the accused agrees to meet certain requirements. The government has already brought charges against one of the suspects, but has done nothing about it. The deal expires on December 1, 2022 and will have a term of four years thereafter.
If the federal court in Brooklyn upholds the terms of the deal proposed by a representative of the US Department of Justice, Meng Wanzhou could return to China. The director appeared at the session via video from Canada on Friday. She is under house arrest in Canada. Meng said in court he was not guilty.
Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei, will be able to return to China after nearly three years thanks to the agreement. This will put an end to the long legal battle and tension between China, the United States and Canada.
Arrest
The 49-year-old businesswoman was detained at Canada’s Vancouver Airport on December 1, 2018, at the request of the United States. The US authorities wanted her to be tried for bank fraud. According to US courts, No. 2 lied to Huawei about links between the telecoms group and Skycom during a 2013 meeting in Hong Kong with an HSBC executive. This branch sold equipment to Iran, which is a violation of US trade sanctions against Tehran.
Tensions between China, the United States and Canada
Meng was forced to remain in Vancouver, Canada, pending his extradition to the United States. The Wall Street Journal reported that US prosecutors are now allowing Meng to return to her native China.
Meng’s arrest put significant strains on relations between China on the one hand and the United States and Canada on the other. Soon after the arrest, China arrested two Canadians. One of them, Michael Spavor, was sentenced in August to 11 years in prison for espionage.
Informed sources told Reuters news agency that Huawei will not be part of the deal between Wenzhou and the judiciary and continues to fight the allegations against the group. Huawei and the US Department of Justice have yet to respond to the case, according to the Wall Street Journal.
Hit and weaken Huawei
The Chinese government has always said that the US government, under President Donald Trump, mainly wanted to hit and weaken Huawei. In recent weeks, Wing’s lawyers have argued that the United States is primarily guilty of abuse of the Code of Procedure.
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