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 Venezuela Star 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 Venezuela Star.
More InformationNEW YORK, New York - A slowing of wages growth in the fourth quarter, as reported by the Labor Department, ...
NEW YORK CITY, New York: As it sets aside more funds to cover potentially bad loans, American Express announced that ...
LONDON, England: Flybe, a British regional airline, abruptly closed operations on January 28. The airline offered flight to Belfast, Birmingham ...
JERUSALEM, Israel: As demand for its driver-assistance technology rises among vehicle-makers, Mobileye Global is forecasting revenues for the 2023 fiscal ...
NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
MIAMI, Florida: This decade, the US south is expected to see more new residents than any other region in the ...
NEW YORK CITY, New York: After reporting record revenues in the fourth-quarter of 2022, US airlines expect strong travel demand ...
MANILA, Philippines: After a Filipina domestic worker was killed and dumped in the desert in the oil-rich emirate of Kuwait, ...
LONG BEACH, California: Long Beach, California-based Rocket Lab has launched its first mission from the United States, as part of ...
Israel was behind Sunday morning's drone strike on an Iranian munitions facility; the Wall Street Journal has reported, citing American ...
LONDON, England: Of the 14 main battle tanks and additional artillery support it will send to Ukraine, Britain hopes its ...