Huawei executive released from house arrest and returned to China after a deal with the US World

Huawei executive released from house arrest and returned to China after a deal with the US  World

Chief Financial Officer of Chinese Technology Maker HuaweiMeng Wanzhou, accused of financial fraud in the United States, returned to China this Saturday (25) after nearly three years under house arrest in Canada.

On Friday (24), Wanzhou reached a settlement with US prosecutors, who withdrew an extradition request and regained his freedom during a hearing in a Vancouver courtroom. Soon after, she left the country for the city of Shenzhen, China.

In agreement, the executive will agree to admit that he has committed an offence. She went away Alleged violation of sanctions imposed by the US government on Iran.

In 2018, a New York court issued an arrest warrant for Meng, accusing him of lying to HSBC Bank about Huawei’s ties with subsidiary Skycom, which sold equipment to Iran, allowing the bank to face US sanctions. there was a risk of breach.

Meng is the daughter of Huawei founder Ren Zhengfei. The company is the largest manufacturer of telecommunications equipment and the world’s second largest smartphone maker.

The case damaged China’s relations with the United States and Canada. It also alleged that China detained Canadian citizens in retaliation, which the country denied.

According to Reuters, Kovrig and Michael Spavor were also released on Friday (24) and have already returned to Canada from Beijing in an apparent act of reciprocity.

About the author: Muhammad Wayne

Wayne is a reporter who covers everything from oil trading to China's biggest conglomerates and technology companies. Originally from Chicago, he is a graduate of New York University's business and economic reporting program.

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