Huawei Meng’s EXCLUSIVE CFO to appear in court and expected to strike deal with US – source

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WASHINGTON, Sept.24 (Reuters) – Meng Wanzhou, chief financial officer of Huawei Technologies (HWT.UL), and U.S. prosecutors are expected to appear in court to announce that they have reached an agreement to resolve the charges against her, according to a source close to the case. , in a process that should allow him to leave Canada.

Meng is expected to appear virtually in federal court in Brooklyn, according to the source. She was arrested at Vancouver International Airport in December 2018 under a US warrant. She had been charged with bank fraud and wire fraud for allegedly misleading HSBC (HSBA.L) about Huawei’s business dealings in Iran.

The deferred prosecution agreement would eliminate one of many major disputes between the world’s two largest economies. The deal could also potentially pave the way for the release of the two Canadians held in China, who were arrested shortly after Meng’s arrest in 2018.

A Huawei spokeswoman declined to comment. A spokesperson for the U.S. Attorney’s Office in Brooklyn declined to comment. An attorney for Meng could not immediately be reached for comment.

Meng said she was innocent and fought against extradition from Canada to the United States. Meng is confined to Vancouver and monitored 24/7 by private security that she pays as part of her bail deal. Meng – who also goes by her English names, Cathy and Sabrina – is the daughter of Huawei founder Ren Zhengfei.

Court hearings in his Vancouver extradition case ended in August, with the date of the ruling due to be set for October 21. read more

Reporting by Karen Freifeld and Kenneth Li; Editing by Kirsten Donovan and Edward Tobin

Our standards: Thomson Reuters Trust Principles.


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