US ready to withdraw case against Huawei’s CFO Wenzhou

The United States is about to withdraw the case against Main Wenzhou, chief financial officer of Chinese company Huawei. U.S. prosecutors have agreed to withdraw the case against her, and Maine is reportedly ready to leave Canada. Officials expect the move to be effective in ending the ongoing conflict between China and the United States.

Maine’s case withdrawal is expected to be effective in ending years of diplomatic feud between Washington and Beijing. Maine was arrested in 2018 on a US warrant from Vancouver International Airport. In 2013, she was convicted of bank and wire fraud during the sale of telecommunications equipment in Iran.

With Maine’s arrest, Canada was embroiled in controversy.

Meng appeared virtually in a court in Brooklyn, New York, and pleaded not guilty to charges of conspiracy to commit bank fraud, bank fraud, conspiracy to commit wire fraud, and wire fraud. Huawei and Meng’s team previously denied the US allegations .However, as part of the deal, Meng confirmed that the statement of facts in the deferred prosecution agreement are true. Those facts include that she misrepresented Huawei’s relationship with Skycom to HSBC, according to court documents. If she says or implies otherwise, it could violate the terms of the deal and result in her prosecution.

“In entering into the deferred prosecution agreement, Meng has taken responsibility for her principal role in perpetrating a scheme to defraud a global financial institution,” Acting US Attorney Boeckmann said in a statement Friday.

(Agency)

Tags: huawei, Meng Wanzhou