Huawei’s Chief Financial Officer, Meng Wanzhou, Released

The arrest and detention of Huawei boss Meng Wanzhou caused a heavy strain on the diplomatic relations between Canada, China, and the United States. The tech executive was arrested three years ago in Canada on request by the United States on allegations of fraud. The case against Meng Wanzhou did not go down well with the Chinese government causing a further strain on the relations between Canada and the US. Meng’s arrest was closely tied to the arrest of two Canadian nationals in China, a fact the Chinese government denied.

Recently, the Department of Justice dropped the extradition request, prompting the Canadian authorities to release her. During an interview after her release, Meng stated that her detention had greatly changed her life. She went on to thank people from across the globe who sent her well wishes.

Meng Wanzhou’s arrest has been a heated topic among US and Chinese diplomats, with both sides trying to reach a consensus. The US government accused the chief financial officer of Huawei for misleading HSBC bank on her company’s relationship with Skycom. Withholding this information placed the bank at risk of violating US sanctions on Iran.

A series of negotiations between diplomats from both countries would see the Department of Justice reach a deferred prosecution agreement. This means Ms. Meng won’t be prosecuted until December 2022. Her release is conditional; she needs to comply with the condition set by the court for her case to be dropped. Her release was pegged on acknowledging the accusation brought forth by American authorities. She was allowed to deny guilty for the key charges leveled against her formally.

Before her release, Canadian prosecutors withdrew their motion to extradite her to the US and discharged her from detention. Meng Wanzhou has, for the last three years, been under house arrest in her palatial home in Vancouver. Before her arraignment, Meng was in the company of Chinese consular officials who were seen escorting her into the court buildings.

She was later released having agreed to a ‘statement of facts’ where she admitted to knowingly withholding information from HSBC. According to the judge’s ruling, Ms. Meng Wanzhou has owned up to her role in organizing a scheme to defraud a global financial institution. Despite her release, the court stated that it would continue preparing for a lawsuit against Huawei. The arrest, detention, and release of Meng Wanzhou still leaves a series of questions among the people, especially with the strained relationship between the three countries.

Leave a Reply

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