Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2022-12-03 17:49:19| Engadget

More than four years after her arrest, the drawn-out legal saga of Huawei Chief Financial Officer Meng Wanzhou came to a formal end this week. On Friday, US District Judge Ann Donnelly dismissed an indictment against Meng, according to Reuters. On behalf of the US, Canadian authorities arrested Meng in 2018 for allegedly violating American sanctions against Iran. Meng, who is also the daughter of Huawei founder and CEO Ren Zhengfei, spent the next three years fighting attempts to extradite her to the US, where she faced up to 30 years in prison for bank and wire fraud charges. Donnelly dismissed the indictment with prejudice, meaning the Justice Department cant bring the same charges against Meng again.Before entering into an agreement with US prosecutors last year, Meng spent three years under house arrest. The detainment strained relationships between the United States and China and led to an international incident. China apprehended two Canadians, Michael Spavor and Michael Kovrig, within days of Mengs arrest. They were later released after Meng entered into a deferred prosecution agreement with the Justice Department. As part of the agreement, she acknowledged having made false statements about Huaweis business in Iran. Meng flew home to China the day Donnelly approved the pact.Huawei and its subsidiaries are still facing charges in the US. Most notably, the Justice Department recently announced charges against two Chinese spies who had allegedly tried to interfere in a criminal investigation into the company. Earlier this week, the FCC also banned telecom and video surveillance equipment from Huawei, among a handful of other Chinese companies. Meng currently serves as the company's rotating chairperson and deputy chairwoman, as well as CFO. 


Category: Marketing and Advertising

 

Latest from this category

03.02Senator asks Apple and Google to ban TikTok from their app stores
02.02Apples record service revenue couldnt make up for falling hardware sales
02.02Alphabet's revenues are still growing, but just barely
02.02Amazon's drones have reportedly delivered to fewer houses than there are words in this headline
02.02Starbucks now lets you pay with Venmo
02.02Columbia researchers bioprint seamless 3D skin grafts for burn patients
02.02Amazon told lawmakers it wouldnt build warehouse storm shelters
02.02Razer debuts its lightest gaming mouse ever, weighing in at 49 grams
Marketing and Advertising »

All news

03.02Oil heads for weekly loss awaiting China recovery signs
03.02Adani stocks continue to fall; Mcap loss widens to Rs 8.79 lakh crore
03.02Overall, our expenditure estimates are reasonable: Finance secretary TV Somanathan
03.02Senator asks Apple and Google to ban TikTok from their app stores
03.02Sebi checks for unusual trades
03.02NSE puts 3 Adani Group stocks under additional surveillance
03.02Adani bond yields surge to new highs
03.02RBI gauges banks' exposure to Adani companies
More »
Privacy policy . Copyright . Contact form .