After Three Years: Huawei CFO finally returns China, dealt with U.S. [Updated]

Update – Huawei Statement:

Huawei has shared a statement on this matter, check it below

“United States Department of Justice (DOJ) and Huawei Technologies Chief Financial Officer Meng Wanzhou have reached a deferred prosecution agreement (DPA) in a case bringing federal charges against Ms. Meng for bank and wire fraud. In 2018, Ms. Meng was arrested in Canada in connection with the U.S. charges, and since that time, she has been living in Canada while a Canadian court considers the United States’ request for Ms. Meng’s extradition. Zuckerman Spaeder partner William W. Taylor, III, one of the lawyers who represents Ms. Meng, issued the following statement:

“I’m very pleased that Sabrina Meng and the U.S. Department of Justice have reached a deferred prosecution agreement (DPA) and it has been approved by Judge Donnelly. Under the terms of this agreement, Ms. Meng will not be prosecuted further in the United States, and the extradition proceedings in Canada will be terminated. She has not pleaded guilty and we fully expect the indictment will be dismissed with prejudice after fourteen months. Now, she will be free to return home to be with her family.”

Original Story:

Back in 2018, Meng Wanzhou, CFO (Chief Financial Officer) at Huawei arrested at Vancouver, Canada airport. And after nearly three years, Huawei CFO returns to China following a deal with the U.S. on the matter of alleged bank fraud.

According to Reuters, Meng and the U.S. prosecutors signed an agreement to end the bank fraud case. Following this settlement, it’s become possible for Huawei CFO to return to China years after a tight relationship between the U.S. and China.

Just after spreading the news of a settlement between Huawei CFO and the U.S. prosecutors, China released two Canadian citizens, which were jailed around two years back following the Huawei official’s arrest, stated by Canadian Prime Minister Justin Trudeau.

To be mentioned, Beijing (China) has denied that there’s no connection between the arrest of Canadian citizens and Huawei Meng. Meanwhile, the PM of Canada said that the country will be incredibly happy to know, Michael Kovrig and Michael Spavor are on a plane and they’re coming home.

Huawei Meng release: Behind the scene!

The report reveals that the Huawei CFO and the US prosecutors’ settlement process had begun earlier yesterday (Friday), in which the official joined the hearing by video conferencing in Brooklyn USA courtroom. The judge accepted the prosecution agreement related to fraud charges.

Going forward, the British Columbia Supreme Court of Canada, led by Justice Heather Holmes, passed the petition of withdrawal of the extradition order. John Gibb-Carsley, the attorney who was involved in the case, confirmed that it’s the “final chapter” of the case.

Moment: Before leaving for China, Meng Wanzhou thanked Holmes, outside the Vancouver courthouse, the Crown, and Canada for “upholding the rule of law.”

At the same time, Canada’s Justice Department issued a formal statement after the hearing to confirm Meng was free to leave the country.

Three years earlier:

On a U.S. warrant, Huawei Meng was arrested at Vancouver International Airport and charged with bank and wire fraud for allegedly misleading HSBC in 2013 about the company’s telecommunications equipment business dealings in Iran.

Since December 2018, Huawei CFO’s case has been connected to “the Michaels” when the policemen of Canada arrested her at the Vancouver airport on a U.S. warrant. Following this, China arrested two Canadian men and the story has continued since then.