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

28.11Florida buyers are first to close on a home using AI, saving thousands in realtor fees
27.11Decathlon asks folks to shoot them an invite this Black Friday  for sports, not shopping
26.11SMB Landing Page Optimization Trends
26.11How to Turn a Branded B2B Podcast Into a High-Impact Revenue Engine
26.11With its new course, MasterClass reframes cybersecurity as a must-have skill for consumers
25.11The Top Frustrations B2B Buyers Have With Vendors
25.11How US Professionals Are Building Their Personal Brands [Infographic]
25.11Brand vs. Branding: Aligning Your Brand and Branding Builds Perception and Trust
Marketing and Advertising »

All news

28.11Amazon workers warn warp-speed AI push threatens democracy and the planet
28.11No 10 denies Reeves misled public in run-up to Budget
28.11U.S. pulls back on asbestos protections againthis time in your cosmetics
28.11Parents say online blackmail of kids is risingand AI is making a bad problem worse
28.11When is Spotify Wrapped 2025 coming out? Release date history, how to access after app update message
28.11State pensioners with no other income will not pay tax
28.11State pensioners with no other income will not pay tax
28.1150-year-olds Rs 80 lakh retirement dilemma: FDs wont beat inflation and arent tax-efficient. Whats the smarter route?
More »
Privacy policy . Copyright . Contact form .