Thursday, October 21, 2021

US, China agree to drop charges against Huawei exec Meng Wanzhou

Must read

The US Government on Monday agreed to drop criminal charges against the China-based Huawei executive arrested in Canada and to let her return to the US to answer questions about an alleged attack on US banks by her company.

Huawei’s chief financial officer, Meng Wanzhou, was arrested in Canada on December 1, extradited to the US and charged with conspiracy to commit bank fraud and violating trade sanctions against Iran.

Commerce Secretary Wilbur Ross announced Monday at the World Economic Forum in Davos, Switzerland, that the US and Meng’s lawyer have entered a “joint stipulation of facts” explaining Meng’s case. She’s not charged with doing anything wrong in Canada.

A key part of the agreement is that Meng “accepts full responsibility for all her actions” and the US government “resolves all its outstanding demands in exchange for her freedom.”

The US government alleged Meng misled American banks into thinking she and Huawei had stopped doing business with Iran when the company was still doing so. Huawei denied the charges. Meng’s arrest touched off a diplomatic firestorm between the US and China.

President Donald Trump said he’d intervene in the case if it helped advance the overall trade talks between the two countries.

According to the US terms, Huawei will remove a clause from its contracts that requires it to purchase technology from a company “in which the mother company is implicated” in “breaches of U.S. sanctions.” That firm, American cybersecurity firm NSO Group, had been named in the charges against Meng.

Somewhat unusual for a diplomatic case, a US hearing officer will decide whether Meng should have her release and to designate someone to serve as her custodian if she is released.

More articles

Latest article