Jailed in Canada Huawei CFO Meng Wanzhou May Be Released

Arrested in Canada in 2018, Huawei finance chief Meng Wanzhou could be released after reaching an agreement with the US Department of Justice. Huawei finance chief was arrested in Canada in 2018. Huawei Chief Financial Officer was arrested in Canada in 2018 due to US sanctions. According to a report in the Wall Street Journal, the United States is discussing an arrangement that will allow Huawei’s Chief Financial Officer Meng Wanzhou and the Justice Department to return to China in exchange for accepting the charges.

Meng Wanzhou was arrested by the United States while changing aircraft in Canada, alleging that sanctions against Iran were violated. He is currently in a house on bail and is not allowed to leave Vancouver. Talks between Huawei’s lawyers and the US Department of Justice accelerated after the presidential elections in the US last month. The Chinese executive, Meng, does not accept the accusations and therefore continues his objection in the confessions he does not accept.

Huawei Sells Honor Brand Huawei Receives a Coup from the UK Huawei, Iran embargo and US sanctions Huawei and its chief financial officer Meng Wanzhou misrepresent its relationship with Skycom, a suspected front company operating in Iran. and accused of conspiracy to defraud other banks. US authorities claim that Huawei is using the embargo on US products and services against Iran using the Skycom shell company. The executive from Huawei argues that the arrest was for political reasons. The US blacklisted the Chinese technology manufacturer last year and pressured other countries to exclude Huawei from 5G networks. In addition, US companies want Huawei to obtain a license before selling US-made technology.

Source: WSJ

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