Robert Besser
07 Dec 2022, 21:02 GMT+10
NEW YORK City, New York: Last week, a U.S. judge has dismissed an indictment against the chief financial officer of Huawei, Meng Wanzhou, formally ending a criminal case that has strained relations between Washington and Beijing.
Four years after her December 2018 arrest, Meng, the daughter of Huawei chief executive Ren Zhengfei, and U.S. prosecutors agreed for the case to be dismissed.
Meng was accused by prosecutors of bank fraud and other crimes for misleading HSBC and other banks about Huawei's relationship with an Iranian company.
Her actions placed banks at risk of penalties for processing transactions that violated U.S. sanctions, prosecutors added.
Huawei pleaded not guilty to the charges.
In Brooklyn, U.S. District Judge Ann Donnelly dismissed Meng's indictment with prejudice, meaning it cannot be brought again.
Meng, 50, spent nearly three years under house arrest in Canada following her arrest at a Vancouver airport. She is currently Huawei's rotating chairwoman and deputy chairwoman, as well as CFO.
Huawei is still considered a national security threat by the U.S., and on 25th November, the Biden administration banned the approval of new telecommunications equipment from Huawei and China's ZTE Corp because they posed an "unacceptable risk."
Get a daily dose of Central Coast News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Coast News.
More InformationNearly a year in, the war in Ukraine has cost tens of thousands of lives and brought the world to ...
WASHINGTON D.C.: The US House of Representatives has passed a bill that limits the ability of US Energy Secretary Jennifer ...
BOSTON, Massachusetts: Russian businessman Vladislav Klyushin, who has ties to the Kremlin, has been accused of making tens of millions ...
TOKYO, Japan: In light of a tense security environment following Russia's invasion of Ukraine and Moscow's growing military cooperation with ...
DALLAS, Texas: Oil and gas pipeline operators are preparing to stockpile equipment following severe weather forecasts for the next few ...
WASHINGTON D.C.: As US lawmakers investigate the Chinese-owned video-sharing app TikTok, its Chief Executive, Shou Zi Chew, has confirmed that ...
WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...
WASHINGTON D.C.: As US lawmakers investigate the Chinese-owned video-sharing app TikTok, its Chief Executive, Shou Zi Chew, has confirmed that ...
LONG BEACH, California: Long Beach, California-based Rocket Lab has launched its first mission from the United States, as part of ...
SAN FRANCISCO, california - An Iranian government-backed hacking team allegedly stole and leaked private customer data belonging to French satirical ...
The Milwaukee Bucks will shoot for their seventh consecutive win, and first on the season against Miami, when the Heat ...
LeBron James is not likely to break Kareem Abdul-Jabbar's NBA career scoring record when he and the Los Angeles Lakers ...