Huawei executive arrested by Canada to return to China

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The chief financial officer of Chinese tech giant Huawei Technologies Co. has admitted to being charged with fraud under a deal that will see him return to China about three years after his detention in Canada on behalf of the United States, has announced Friday the Ministry of Justice.

Appearing remotely from Canada for proceedings in a federal district court in New York, Meng Wanzhou “entered into a deferred prosecution agreement and was arraigned for conspiracy to commit bank fraud and conspiracy to commit wire fraud, bank fraud and wire fraud. “the department said in a statement.

Under the terms of the deal, Meng, 49, confirmed the accuracy of a four-page statement of facts regarding her knowingly false statements to a financial institution, and could face prosecution on all charges if she does. violates the agreement, for example because of other criminal behavior. .

For its part, the US government has withdrawn its request to extradite Meng from Canada.

“Our prosecution team continues to prepare for the lawsuit against Huawei, and we look forward to proving our case against the company in court,” said Deputy Attorney General Kenneth Polite Jr. of the department’s criminal division.

In December 2018, Canada arrested Meng at the behest of the United States, which accused her of helping Huawei evade U.S. sanctions against Iran. His detention has become a source of tension between Beijing and Washington.

Meng is the daughter of Huawei founder Ren Zhengfei, who is a former engineer in the Chinese military. His company is now recognized as a leader in next-generation 5G mobile communications.

China has been pushing for Meng’s immediate release from Canada for nearly three years. In apparent retaliation for his arrest, the Communist-led government detained two Canadian citizens – former diplomat Michael Kovrig and businessman Michael Spavor.

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