Huawei CFO Meng to appear in court, expected to reach agreement with U.S.

[Swede]

Source: Reuters

Huawei Technologies (HWT.UL) Chief Financial Officer Meng Wanzhou and U.S. prosecutors are expected to appear in court to say they have reached an agreement to resolve charges against her, according to a source familiar with the matter, in a process that should allow her to leave Canada.

Meng is expected to appear virtually in hearing in Brooklyn federal court, according to the source. She was arrested at Vancouver International Airport in December 2018 on a U.S. warrant. She had been indicted on bank and wire fraud charges for allegedly misleading HSBC (HSBA.L) about Huawei's business dealings in Iran.

The deferred prosecution agreement would remove one of several major disputes between the world's two biggest economies. The agreement could also potentially pave the way for the release of the two Canadians held in China, who were arrested shortly after Meng was taken in custody in 2018.

Read more: https://www.reuters.com/technology/huawei-cfo-meng-appear-brooklyn-federal-court-2021-09-24/

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Hopefully the two hostages China is holding get released.

[Bernardo de La Paz]

1. Two Canadian hostages held in rough prison; Meng in house arrest in HER OWN MANSION. 1000 days

Canadians convicted in single-day secret trials.

Meng fighting extradition with all proceedings open with multiple lawyer defense.

[muriel_volestrangler]

2. Huawei's Meng Wanzhou free after deal with US

On Friday the US Department of Justice (DOJ) said it had reached a deferred prosecution agreement.

This means the DOJ would hold off from prosecuting Ms Meng until December 2022. If she complied with conditions set by court, the case would eventually be dropped.

The deal, which recommended she be released, allowed her to formally deny guilt for key charges while also acknowledging the allegations laid out by the Americans.

Later on Friday, Canadian prosecutors told a court in Vancouver that they had withdrawn efforts to extradite her to the US and that she should be discharged from detention.

https://www.bbc.co.uk/news/world-us-canada-58682998

She's admitting making false statements, and the DOJ is still preparing a case against the company. But basically she's avoiding a conviction. Hopefully the Canadians will be freed as the other side of the deal.

[OnlinePoker]

3. All the money spent by Canada to extradite her on behalf of the U.S. gone.

I'm not surprised, as we (Canada) were trapped in the middle of two powers fighting it out. We tried to do what was requested through legal means only to have the rug pulled out just as it seemed to be coming to a conclusion. I hope this is an object lessen for the Canadian government to ignore requests of this nature in the future. And China had better release the two Michaels immediately.