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

16.09Boutique fitness shifts to utility with The Packs defense-driven workouts
15.09At Shenzhen Airport, Meituans delivery robots bring meals to passengers waiting at gates
12.09AI Update, September 12, 2025: AI News and Views From the Past Week
12.09When phone batteries drain, Vodafone steps in with free replacements
11.09What Is 'Unbossing'? And Do Workers Want It? [Infographic]
11.09Adtech's Publisher-First Era: How SSPs Must Adapt to Survive
11.09Ralph Laurens new AI stylist, Ask Ralph, delivers custom style advice and curated outfits
10.09What Stops Marketers From Getting the Most Out of Data?
Marketing and Advertising »

All news

16.09Tomorrow's Earnings/Economic Releases of Note; Market Movers
16.09Bull Radar
16.09Bear Radar
16.09Stocks Slightly Lower into Final Hour on Fed Jitters, Profit-Taking, Technical Selling, Utility/Regional Bank Sector Weakness
16.09What to know about TikTok, its algorithm and the US-China deal to keep it running
16.09Temporary layoffs coming to GMs assembly plant in Missouri
16.09Top 10% of earners drive a growing share of US consumer spending
16.09What Makes This Trade Great: Weakness in RKLB and the Power of Trade Wave
More »
Privacy policy . Copyright . Contact form .