World News – CA – Huawei CFO reportedly spoke in talks with the US about a plea deal that would allow it to return to China


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Huawei’s CFO Meng Wanzhou was arrested in Canada in December 2018 on a US arrest warrant for alleged bank fraud. She is accused of misleading HSBC about Huawei’s dealings with Iran, which reportedly led the bank to breach US sanctions.

The U.S. Department of Justice is in talks with Meng Wanzhou, Huawei’s chief financial officer, about a possible plea deal that could allow her to return to China from Canada, where she was under house arrest, the Wall Street Journal reported on Thursday.

In order to go home, Wanzhou is reported to have to admit misconduct in a criminal case that has placed a strain on China’s relations with the US and Canada, WSJ said, citing people familiar with the matter, adding, that the talks turned a possible « deferred law enforcement agreement ».

The U.S. Department of Justice alleges Meng committed financial violations between 2010 and 2014 by misleading multinational financial conglomerate HSBC into authorizing more than $ 100 million in transactions against the U.S. Sanctions against Iran violated.

According to the reported agreement, if Wanzhou admits the charges, prosecutors would agree to postpone the charges and later drop them if it cooperates. So far, however, she has refused to cooperate and denied any wrongdoing.

According to the report, Huawei’s chief financial officer refused to comment through a spokesman, as did the Justice Department.

Wanzhou was arrested in Canada in December 2018 on an arrest warrant from the United States. Canadian officials said the incident put a strain on China-Canada relations as two Canadian nationals were arrested shortly after in China: former diplomat Michael Kovrig and businessman Michael Spavor, both accused by Beijing of espionage.

Commenting on Wanzhou’s case on Tuesday, Canadian MP Paul Manly said that if the Democratic candidate is officially confirmed as the next US president-elect, the Biden administration may be more inclined to bring charges against Huawei’s financial chef.

The reported negotiations are happening as the Trump administration continues to target Chinese tech giant Huawei, blacklisting the company and labeling it as a national security threat, while at the same time participating in the global development of 5G Networks is involved. Beijing has repeatedly denounced that it is complaining about US attacks on Huawei.

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Huawei, Finance, China, Chief Financial Officer

World News – CA – Huawei CFO reportedly spoke in talks with the US about a plea deal that would allow them to return to China


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