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© Reuters. File picture: On August 18, 2021, at the end of the hearing in Vancouver, British Columbia, Canada, Huawei Technologies Chief Financial Officer Meng Wanzhou appeared in court. REUTERS/Jennifer Gauthier

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Authors: Karen Freifeld, Kenneth Li, Moira Warburton and David Ljunggren

(Reuters)-Huawei’s Chief Financial Officer Meng Wanzhou flew back to China on Friday after reaching an agreement with US prosecutors to end the bank fraud case against her, which eased the tension between China and the United States.

Within hours of the news of the transaction, two Canadians arrested shortly after Meng’s arrest in December 2018 were released from a Chinese prison and were on their way back to Canada. Beijing denies that their arrests are connected.

The years-long extradition incident has been the main source of the increasingly unstable relationship between Beijing and Washington, and Chinese officials have stated that the case needs to be dropped to help end the diplomatic deadlock.

The deal also allowed US President Joe Biden to be criticized by Washington against the Chinese hawks, who believed that his government was surrendering to China and one of the top companies in the center of global technological competition between the two countries.

Meng was arrested at Vancouver International Airport https://www.reuters.com/article/us-usa-china-huawei/top-huawei-executive-arrested-on-us-request-clouding-china-trade-truce-idUSKBN1O42S1 According to the U.S. arrest warrant, and charged with bank and wire fraud charges for allegedly misleading HSBC in 2013 about the telecommunications equipment giant’s business transactions in Iran.

In Friday’s exclusive https://www.reuters.com/technology/huawei-cfo-meng-appear-brooklyn-federal-court-2021-09-24, Reuters reported that the United States has already engaged Bangladesh.

Brooklyn’s acting U.S. attorney, Nicole Boeckmann, stated that at the time the agreement was signed, “Meng was already responsible for her main role in implementing a plan to defraud global financial institutions.”

The agreement is only related to Meng. The US Department of Justice stated that it is preparing to try Huawei and is looking forward to proving its case in court.

The Chinese Ministry of Foreign Affairs did not immediately respond to a request for comment on the release of Bangladesh or Canadians.

A Huawei spokesperson declined to comment.

According to people familiar with the matter, Meng-the daughter of Huawei founder Ren Zhengfei https://www.reuters.com/business/huawei-heir-apparent-prepares-life-after-three-years-canada-court-battle- 2021-09 -24-Depart from Canada on a flight to Shenzhen.

Two Canadians, businessman Michael Spavor and former diplomat Michael Cumming, were detained in China for more than 1,000 days. In August, a Chinese court sentenced https://www.reuters.com/article/china-canada-spavor-idCNL1N2PI07Y Spavor to 11 years in prison for espionage.

The International Crisis Organization, where Kovrig works, said it was “ecstatic” at the “most just decision” to release him, and thanked Canada and the United States for their role. “The day we waited for 1,020 days has finally arrived,” the advocacy group said in a statement.

Late Friday, Canadian Prime Minister Justin Trudeau told reporters in a brief speech that the two had left Chinese airspace just a few minutes ago. He was not asked whether the two countries reached a bilateral agreement.

He said: “I want to thank our allies and partners who firmly support Canada and these two Canadians in the international community.”

At a hearing in the Federal Court of Brooklyn on Friday, Meng actually attended the hearing from Canada. Assistant U.S. Attorney David Kessler said that if she complies with all obligations under the agreement, the government will drop the charges against her. , The agreement will end in December 2022. He added that Meng will be released under personal guarantee and the United States plans to withdraw its extradition request against Canada.

Meng pleaded not guilty to the charges at the hearing. When U.S. District Court Judge Ann Donnelly later accepted the deferred prosecution agreement, Meng Wanzhou let out a sigh.

A Canadian judge later signed Meng’s release order, canceling her bail conditions and allowing her to be released after nearly three years of house arrest.

After the judge gave the order, she was emotional, hugged and thanked her lawyer.

In subsequent speeches to supporters and reporters on the steps of the court, Meng thanked the judge for his “justice” and talked about how the case had turned her life upside down.

Meng Wanwan was confined to her expensive Vancouver home and monitored by private security that she paid as part of the bail agreement. Known as the “Huawei princess” by the Chinese state media, she was required to wear an electronic anklet to monitor her movements. When it was hung on her brand-name shoes, it became the material of the tabloid.

“Huawei Confidential”

Reuters articles published in 2012 https://www.reuters.com/article/us-iran-huawei-hp/exclusive-huawei-partner-offered-embargoed-hp-gear-to-iran-idUSBRE8BT0BF20121230 and 2013 https :// /www.reuters.com/article/uk-huawei-skycom/exclusive-huawei-cfo-linked-to-firm-that-offered-hp-gear-to-iran-idUKBRE90U0CA20130131 About Huawei, Hong Kong registered company Skycom He Meng played an important role in the criminal case against her in the United States. Reuters reported that in 2010 Skycom offered to sell at least 1.3 million euros worth of embargoed Hewlett-Packard computer equipment to Iran’s largest mobile phone operator.

Reuters also reported on numerous financial and personnel connections between Huawei and Skycom, including Meng who served as a board member of Skycom from February 2008 to April 2009. These stories prompted HSBC to question Meng about Reuters’ findings.

Huawei was included in the U.S. trade blacklist in 2019, restricting sales to the company that violate the interests of U.S. national security and foreign policy. These restrictions put the company in trouble. The company suffered the largest revenue decline in the first half of 2021, after US supply constraints prompted the company to sell most of its once-dominant mobile phone business before new growth areas mature.

The blacklist cited criminal cases against Meng and Huawei. Huawei is accused of operating a criminal enterprise, stealing trade secrets and defrauding financial institutions. It has pleaded not guilty.

A Canadian government official said that Ottawa will not comment until the US court proceedings are over.

China VS America

Huawei has become a dirty word in Washington. Although Huawei is struggling under trade restrictions, the China hawks in Congress quickly reacted to any news that might be interpreted as weakness in the United States.

Soon after Meng’s arrest, then-President Donald Trump told Reuters that he would intervene to politicize the case if it benefits national security or helps reach a trade agreement. Meng Wanzhou’s lawyer said that she was a pawn in the political struggle between the two superpowers.

The hardliners in the Republican Chinese Congress called Friday’s deal a “surrender.”

Republican Senator Tom Cotton said in a statement: “President Biden did not resolutely oppose China’s hostage-taking and extortion, but gave in.”

Senior U.S. officials stated that Meng’s case is handled by the Justice Department alone and that the case has nothing to do with the U.S.’s handling of tensions with China.

During US Deputy Secretary of State Wendy Sherman’s visit to China in July, Chinese Deputy Foreign Minister Xie Feng insisted that the US abandon the extradition case against Bangladesh.

U.S. officials admitted that Beijing had linked Meng’s case to the two detained Canadians, but insisted that Washington would not use it as a bargaining chip.



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