Huawei CFO Meng Wanzhou to be released after agreement with U.S. in wire fraud case

3 weeks ago

Huawei main fiscal serviceman Meng Wanzhou arrives astatine British Columbia Supreme Court with her information item for the day league of her extradition hearing, August 4, 2021 successful Vancouver, Canada.

Don MacKinnon | AFP | Getty Images

The main fiscal serviceman of Chinese tech steadfast Huawei volition beryllium released and allowed to instrumentality to China aft reaching an statement with the U.S. authorities connected fraud charges, prosecutors said Friday successful a Brooklyn national court.

A U.S. territory justice accepted the deferred prosecution agreement, which volition past until Dec. 1, 2022. Under the deal, the executive, Meng Wanzhou, affirmed the accuracy of a connection of facts and agreed not to perpetrate different crimes, oregon hazard prosecution.

Meng, the girl of Huawei's founder, was arrested successful Canada successful December 2018. The U.S. sought to extradite her connected slope and ligament fraud charges, claiming she was misled a fiscal instauration to interruption American sanctions connected Iran. The U.S. said Friday it plans to retreat its extradition request.

Meng pleaded not blameworthy to the charges connected Friday. As portion of the agreement, however, she took "responsibility for her main relation successful perpetrating a strategy to defraud a planetary fiscal institution," acting U.S. Attorney for the Eastern District of New York Nicole Boeckmann said successful a statement.

According to Boeckmann, Meng admitted to making "multiple worldly misrepresentations" portion CFO of Huawei astir the company's concern successful Iran, successful conversations with the elder enforcement of a fiscal institution. The authorities claimed she did this to proceed Huawei's concern narration with the firm.

Boeckmann said the admittance confirms the halfway allegations against Meng. Media reports person linked Hong Kong-based HSBC to the case, though the slope has previously said the DOJ has confirmed it is not nether probe successful the case.

A Huawei spokesperson declined to comment.

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