Prosecutors for the Eastern District of New York announced in court Friday that they will drop bank and wire fraud charges against the chief financial officer of Chinese telecom giant Huawei Technologies.
Prosecutors for the Eastern District of New York announced in court Friday that they will drop bank and wire fraud charges against the chief financial officer of Chinese telecom giant Huawei Technologies and remove an extradition request to detain her if she complies with a deferred prosecution agreement., the daughter of Huawei founder Ren Zhengfei, admitted that she attempted to defraud an American financial institution by misrepresenting her company's ties to Iran in an effort to avoid U.
Meng Wanzhou, chief financial officer of Huawei Technologies Co., center, exits her home in Vancouver, British Columbia, Canada, on Friday, Sept. 24, 2021. / Credit: Jimmy Jeong/Bloomberg via Getty Images She was detained on the same day that former President Trump and Xi Jinping met at the Group of 20 summit of world leaders in Argentina andU.S.-China relations have been fraying for years, and that relationship still presents challenges for President Biden, who views China as a competitor, not an adversary. Helast week for about 90 minutes, but he and Xi have yet to hold a face-to-face meeting. It's been seven months since Mr.
Later on Friday, according to AFP, a Canadian judge ended extradition proceedings against Meng and ordered her bail conditions lifted, effectively freeing her and allowing her to return to her home country of China, where she will be able to serve out the remainder of the deferred prosecution agreement before the charges will be dropped.
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