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A US judge on Friday dismissed the indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co., ending the criminal sanctions saga that has strained US-China relations.
Wanzhou’s arrest in Canada in December 2018 is used as a global proxy between China and the US
Meng Wanzhou, the chief financial officer of Huawei, leaves a vehicle outside a hotel during a break from an extradition hearing, in Vancouver, Monday, Aug. 16. (Darryl Dyck/The Canadian Press via AP/AP Newsroom)
The telecommunications company executive was fired after US prosecutors agreed that Wanzhou had violated the terms of the prosecution agreement.
“It is ordered that the third indictment pending in the above-mentioned case against defendant Wanzhou Meng be dismissed with prejudice,” District Judge Ann Donnelly said in a written ruling.
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Wanzhou prosecutors accused HSBC Holdings Plc and other banks of bank fraud and other charges over Huawei’s relationship with a company that operated in Iran.
They said Wanzhou’s actions put banks at risk of penalties for processing transactions in violation of US sanctions.
Huawei chief financial officer Meng Wanzhou flew home to China on Friday after a deal with US prosecutors to end a bank fraud case against her raised a point of contention between China and the United States. (Darryl Dyck/The Canadian Press via AP/AP Newsroom)
Huawei has pleaded not guilty to US related criminal charges.
An attorney for Wanzhou and his spokesman did not immediately respond to Fox News Digital’s requests for comment.
Wanzhou spent nearly three years under house arrest in Canada after her arrest at the Vancouver airport.
The indictment deal was postponed with US prosecutors Sept. 2021 began, in which he admitted that he had made fake deals with Iran Huawei – Skycom Tech Co Ltd.
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The day Donnelly approved the deal, Wanzhou flew home to Shenzhen.
His return was met with a group of bank employees and was broadcast live on state TV.
This screen capture from a film released on September 25, 2021, by Chinese state broadcaster CCTV shows Huawei executive Meng Wanzhou receiving flowers after arriving after his release, in Shenzhen in southern China’s Guangdong province. (CCTV/AFP via Getty Images/Getty Images)
Meng Wanzhou waves to a cheering crowd as he exits the charter plane at Shenzhen Bao’an International Airport in Shenzhen, south China’s Guangdong Province, Sept. 25. | Getty Images
She thanked the ruling Communist Party of Wanzhou and Xi Jinping for supporting her during more than 1,000 days of arrest in Vancouver, where she owns two multimillion-dollar mansions.
“He finally returned to his mother’s embrace,” Wanzhou said. “As an ordinary Chinese citizen going through this difficult time, I have always felt the warmth and concern of the party, the nation and the people.”
Soon after China released the two Canadians it had been holding, and the two American siblings, who had been forbidden to leave the country, were allowed to flee home.
Wanzhou, 50, currently serves as Huawei’s rotating president and vice president, as well as CFO.
The United States still sees Huawei as a national security threat.
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On November 25, the Biden administration approved new telecommunications equipment from Huawei and ZTE Corp. China banned the ban because they posed an “unacceptable risk” to national security.
