RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home Technology

US Agrees Not To Pursue Fraud Charges Against Huawei CFO

Rate Captain by Rate Captain
September 27, 2021
in Technology
Reading Time: 3 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

Google hit by second UK antitrust probe into online ad

Techstars debuts ARM Labs Techstars Accelerator in Lagos

US Crypto Mining Company Plans to Sell $30M Worth Equipment in Russia to Dodge Sanctions

Reuters and the CBC first reported that Huawei CFO Meng Wanzhou would appear in a Brooklyn federal courtroom today via streaming video and enter a plea regarding US charges against her. Canadian authorities arrested the Chinese executive in December 2018 on suspicion of violating US sanctions, and she has remained there on house arrest ever since, fighting US attempts at extradition. Hearings in her extradition case ended in August, with the ruling scheduled for October 21st.

Meng was indicted on fraud charges claiming the Chinese technology and telecommunications company misrepresented its relationship with an Iranian affiliate, along with accusations it stole intellectual property from T-Mobile. The 13-count indictment named Meng, Huawei, and two of its subsidiaries — Huawei USA and Skycom.

On Friday afternoon, Meng pleaded not guilty. Prosecutors submitted a statement of facts (pdf) asserting that in 2013 she told financial institutions the Iranian company Skycom was a partner of Huawei while knowing that Skycom was owned and controlled by a Huawei subsidiary to act as its agent in the region.

As part of the deal in making this admission, the prosecution says “Meng has agreed to the accuracy of a four-page statement of facts that details the knowingly false statements she made to Financial Institution 1.” They are withdrawing their request for extradition from Canada, and as long as she doesn’t commit any other crimes the charges will be dropped.

According to the Wall Street Journal, Justice Department officials under the Biden administration revisited negotiations that had broken down under President Trump. Its sources report that Huawei itself is not a part of the deal and will continue to fight its charges of fraud and trade secret theft. A Huawei spokesperson said in a statement that “We look forward to seeing Meng Wanzhou returning home safely to be reunited with her family. Huawei will continue to defend itself against the allegations in the US District Court for the Eastern District of New York.”

On Saturday afternoon, Meng landed in Shenzhen where CNN reports she was greeted by crowds on the tarmac, as well as messages of support lighting up skyscrapers.

A former Canadian diplomat told the CBC he expected her release would lead to China deporting two Canadians it arrested and charged with espionage following Meng’s arrest. On Friday night, CNN reported Canadian PM Justin Trudeau’s confirmation that the two men, Michael Kovrig and Michael Spavor, had been released from custody and on Saturday Trudeau tweeted pictures after meeting them at an airport in Canada.

Previous Post

Apple Will Soon Let You Put Your Vaccination Card in Wallet

Next Post

Brits using Uber and Other Taxi Apps Face Long Waits And Fare Hikes Amid Driver Shortage

Related News

Google hit by second UK antitrust probe into online ad

Google hit by second UK antitrust probe into online ad

by Rate Captain
May 27, 2022
0

The U.K.’s competition regulator has opened a fresh investigation into Google, taking aim at the company’s role in the advertising...

Techstars debuts ARM Labs Techstars Accelerator in Lagos

Techstars debuts ARM Labs Techstars Accelerator in Lagos

by Rate Captain
April 26, 2022
0

Techstars, an international investment firm that connects early-stage entrepreneurs with money, one-on-one coaching, and bespoke programming, has teamed up with...

US Crypto Mining Company Plans to Sell $30M Worth Equipment in Russia to Dodge Sanctions

US Crypto Mining Company Plans to Sell $30M Worth Equipment in Russia to Dodge Sanctions

by Rate Captain
April 25, 2022
0

Compass Mining is selling around $30 million in Bitcoin mining equipment located in Siberia in a bid to avoid sanctions...

Elon Musk has offered to buy 100% of Twitter

by Rate Captain
April 14, 2022
0

Elon Musk has offered to buy  100% of Twitter for $54.20 per share in cash to make it a private...

Next Post

Brits using Uber and Other Taxi Apps Face Long Waits And Fare Hikes Amid Driver Shortage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Why Bitcoin investor are  under water

Why Bitcoin investor are under water

June 23, 2022
What caused Celsius Price Skyrockets by 400%.

What caused Celsius Price Skyrockets by 400%.

June 23, 2022

Popular Story

  • Interpol, Kenya Government Probe Three Nigerian Fintech Tycoons over N128 Billion from Nigeria

    Interpol, Kenya Government Probe Three Nigerian Fintech Tycoons over N128 Billion from Nigeria

    0 shares
    Share 0 Tweet 0
  • Bitcoin Whale Moves Over $600,000,000 in BTC

    0 shares
    Share 0 Tweet 0
  • Nigerian startup, Klasha raises $2.1 million to improve cross-border commerce in Africa

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.