Saturday, November 27, 2021

An agreement between the US judiciary and the financial director of “Huawei” to resolve criminal charges against her

Ming Wanzhou, the chief financial officer of Huawei Technologies, and the US Department of Justice have reached an agreement to resolve criminal charges against her.

Federal prosecutors in Brooklyn, New York, told the US judge presiding over Meng’s case that they would appear in court on Friday afternoon “to consider before this court a decision on the charges against the defendant.”

Ming will get a deferred agreement to prosecute, according to a person familiar with the matter. The agreement means that Ming will not plead guilty. It has not yet been determined whether she will be allowed to return to China. Dow Jones said she would be able to return.

Prosecutors allege that Huawei and Ming lied to HSBC Holdings about Huawei’s relationship with a third company that was doing business in Iran, as part of a scheme to violate US trade sanctions on Tehran. But Huawei has said it is not guilty.

Meng, Huawei’s chief financial officer, was arrested in December 2018 in Vancouver, Canada, as she was resisting a US extradition request.

John Marzolli, a spokesman for Brooklyn’s acting attorney general Jacqueline Casoulis, declined to comment on Meng’s case. US Department of Justice officials did not immediately respond to requests for comment.

A possible solution to the issue comes just days after the Canadian election in which Prime Minister Justin Trudeau faced harsh criticism from the rival Conservative Party over his handling of relations with China. In the days following Meng’s arrest in Vancouver, Beijing detained two Canadians on national security charges. Trudeau’s current liberals won a third term, but the prime minister was unable to regain majority control of the legislature, and the continued detention of the two men remains a central issue in his government’s foreign policy.

Meng was accused of making a personal presentation in August 2013 to an executive of one of Huawei’s major banking partners, in which she lied about the relationship between her company and the third company. Prosecutors raised the stakes last year by adding conspiracy charges against Huawei, charges the Chinese company said it was innocent of.

Prosecutors and lawyers for Huawei have fought a battle over evidence since the case was revealed in early 2019. The company recently lost a battle to get more evidence from the government based on materials the United States submitted in Canada’s extradition request.

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