U.S. to dismiss bank fraud charges against Huawei’s Meng Wanzhou

Meng, the daughter of Huawei founder and CEO Ren Zhengfei, now serves as the company's rotating chairwoman and deputy chairwoman as well as its chief financial officer.

U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technologies whose 2018 arrest strained relations between the U.S. and China.

Meng struck a deal with the prosecutors last year for the charges against her to be dismissed on Dec. 1, 2022, four years from the date of her arrest in Canada on a U.S. warrant, as Reuters reported first.

With no information Meng violated the deal, “the government respectfully moves to dismiss the third superseding indictment in this case as to defendant Wanzhou Meng,” Brooklyn U.S. Attorney Carolyn Pokorny wrote in a Dec. 1 letter to U.S. District Judge Ann Donnelly.

Huawei, a telecommunications equipment maker the U.S. views as a national security threat, is still charged in the case, which is pending in U.S. District Court in Brooklyn, New York. No trial date has yet been set, and a status conference is scheduled for Feb. 7.

While Thursday’s move was expected, it closes a chapter on a particularly fraught phase of U.S.-China relations that also thrust Canada into the middle of a broader clash between the two superpowers.

Meng had been accused of bank fraud and other crimes for misleading global bank HSBC Holdings Plc about the company’s business in Iran to obtain banking services in violation of U.S. sanctions.

As part of her deal — a deferred prosecution agreement — she acknowledged that she had made false statements about the company’s Iran business in a 2013 meeting with a bank executive.

Meng’s untrue statements were in a statement of facts that she agreed was accurate and voluntary and would not contradict.