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Huawei CFO, U.S. reach agreement to resolve bank fraud charges

24 September 2021 20:59 (UTC +04:00)

Huawei Chief Financial Officer Meng Wanzhou has reached an agreement with U.S. prosecutors to resolve the bank fraud case against her, according to sources familiar with the matter, in a process that should allow her to leave Canada and relieve a point of tension between the world's two super powers, APA reports quoting Reuters.

The U.S. government said it will appear in Brooklyn federal court to discuss a resolution of charges against Meng, according to a Friday court filing. read more

Meng was arrested at Vancouver International Airport in December 2018 on a U.S. warrant, and was indicted on bank and wire fraud charges for allegedly misleading HSBC about the telecommunications equipment giant's business dealings in Iran, a story reported first by Reuters.

The deferred prosecution agreement, a Reuters exclusive earlier on Friday, pertains only to Meng and U.S. charges remain against the company, according to two other people familiar with the matter.