World

US to drop Huawei bank fraud charges against Meng Wanzhou – National

U.S. prosecutors on Thursday asked a judge to drop bank fraud and other charges against Meng Wanzhou, chief financial officer of China’s Huawei Technologies, whose 2018 arrests strained relations between the U.S. and China.

As Reuters first reported, Meng last year agreed with prosecutors to drop the charges on December 1, 2022, four years after he was arrested in Canada on a U.S. warrant.

With no information that Meng has breached the contract, “the government respectfully moves to dismiss the third indictment against Meng Wanzhou in this case,” said Carolyn Pokorney, a federal attorney in Brooklyn. wrote in a December 1 letter to U.S. District Judge And Nelly.

read more:

BC Judge Orders Return of Items Seized from Meng Wanzhou During Arrest in 2018

Huawei, a telecommunications equipment maker that the United States considers a national security threat, remains indicted, pending in U.S. District Court in Brooklyn, New York. No exam date has been set yet, and a status conference is scheduled for February 7th.

The story continues under the ad

Thursday’s move was expected, but it closes a chapter at a particularly difficult stage in U.S.-China relations that puts Canada in the middle of a broader clash between the two superpowers.

Meng had been accused of bank fraud and other crimes for misleading global bank HSBC Holdings Plc about its operations in Iran to obtain banking services in violation of US sanctions.

As part of a deferred prosecution deal, she admitted to making false statements about the company’s Iranian operations when meeting with bank executives in 2013.


Click to play video:

Meng, 2 Canada-China relationship situation after Michaels returns home: It’s complicated


Meng’s false statements were among statements of fact that she agreed were accurate, voluntary and not contradictory.

The charges against Huawei include everything from bank fraud to sanctions nullification to conspiracy to steal trade secrets from U.S. technology companies and obstruct justice. he claims innocence.

The story continues under the ad

Following the alleged activities, Huawei was added to the US trade blacklist, restricting US suppliers from doing business with the company.

The United States has also launched a global campaign against Huawei, warning that the Chinese government could use the company’s equipment for spying. Just this week, the US Federal Communications Commission adopted a final rule banning new telecom equipment from Huawei.

Meng, the daughter of Huawei founder and CEO Ren Zhengfei, is currently the company’s rotating chairman, vice chairman, and chief financial officer.

She flew from Canada to China on September 24, 2021, the day she signed the contract. Shortly after she was detained she was arrested in China Her two Canadians were released and her two American brothers who had been barred from leaving China were allowed to return home .

A lawyer for Meng declined to comment, and a Huawei spokeswoman did not respond to a request for comment.



US to drop Huawei bank fraud charges against Meng Wanzhou – National

Source link US to drop Huawei bank fraud charges against Meng Wanzhou – National

Related Articles

Back to top button