U.S. resumes talks with Huawei CFO on resolving criminal charges

Meng Wanzhou, Chief Finance Officer, Huawei

The U.S Department of Justice (DOJ) is reportedly in talks with Huawei and lawyers for its Chief Financial Officer, Meng Wanzhou about an agreement that could allow her to return to China.

The Globe and Mail reported that both parties have been in talks for weeks, citing two Canadian sources.

Meng was arrested at Vancouver International Airport in December 2018 on a warrant from the United States, charging her with fraud for allegedly misleading HSBC (HSBA.L) about Huawei’s (HWT.UL) business dealings in Iran.

The United States is prepared to end an extradition request and criminal proceedings against Meng if she pleads guilty and pays a hefty fine, the report said, citing sources.

Huawei and the U.S. Justice Department did not immediately respond to requests for comment.
Meng, who has maintained her innocence and is fighting extradition, is confined to Vancouver and monitored 24/7 by private security that she pays for as part of her bail agreement.
Judicial hearings in her extradition case wrapped up in August with the date for a ruling to be set on Oct. 21.
Following Meng’s arrest, China detained two Canadians, sentencing one in August to 11 years in prison for espionage, in a move widely seen as retaliation.

The Globe and Mail report said the development could open the door for China to free the Canadians, without quoting sources. However, it said Huawei’s talks with the United States did not include the Canadians.


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