U.S. in Talks With Huawei’s Meng to Resolve Charges: DJ

(Bloomberg) — The U.S. Justice Department is discussing a deal that would allow the chief financial officer of Huawei Technologies Co. to return home to China from Canada in exchange for admitting wrongdoing in a criminal case, Dow Jones reported, citing people familiar with the matter.



a woman walking down a sidewalk: Meng Wanzhou, chief financial officer of Huawei Technologies Co., leaves her home to attend Supreme Court for a hearing in Vancouver, British Columbia, Canada, on Wednesday, Nov. 25, 2020. Meng was charged in 2019 with fraud and is currently fighting extradition to the U.S. from Canada.


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Meng Wanzhou, chief financial officer of Huawei Technologies Co., leaves her home to attend Supreme Court for a hearing in Vancouver, British Columbia, Canada, on Wednesday, Nov. 25, 2020. Meng was charged in 2019 with fraud and is currently fighting extradition to the U.S. from Canada.

Justice officials and lawyers for Meng Wanzhou have discussed the prospect of a deferred prosecution agreement related to the wire and bank fraud charges she faces, the news service reported. She was arrested two years ago in Vancouver and has been confined to the city since then.

The Trump administration’s moves against Huawei — particularly the arrest of Meng, the daughter of founder Ren Zhengfei — have added to the rising tensions between the U.S. and China. In addition to the legal case, the U.S. government has pressed allies to bar their telecom carriers from using the company’s networking equipment because of alleged security risks.

Meng has so far resisted the proposal because she believes she has done nothing wrong, the report stated.

An agreement about the Huawei CFO could remove an issue that has damaged the China-Canada relationship and pave the way for the return of two Canadians who were detained in China after Meng’s arrest, Dow Jones said.

Meng declined to comment through a Huawei spokesman, while a DOJ spokesman declined to comment, according to Dow Jones.

Meng’s lawyers and Huawei representatives didn’t immediately respond to requests from Bloomberg News for comment.

Negotiators for Meng and the Justice Department will speak again this week in hopes of reaching a deal before Donald J. Trump leaves office, Dow Jones reported. Huawei officials are also holding out hope that Joe Biden’s administration will be more lenient, the report said.

(Updates with more details in the report from the fifth paragraph)

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