Money Confession: Huawei chief financial officer wants to cooperate with US authorities

07:55  04 december  2020
07:55  04 december  2020 Source:   t3n.de

Telecom firms face £100k daily fines over security

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Meng Wanzhou, the daughter of Ren Zhengfei, the founder and CEO of Huawei , was arrested in Canada on 1 December 2018 at the request of the United States for allegedly using a scheme to violate US sanctions against Iran and Syria; Meng, a Chinese national

US authorities allege Huawei used Skycom to obtain embargoed US goods, technology and services in Iran. The US put the Shenzhen-based telecommunications giant on its blacklist last year and has pressured other countries to exclude Huawei from their 5G networks.

Huawei finance manager and group chief subsidiary Wanzhou Meng is negotiating with the US authorities about the conditions for her release. Even a confession seems possible.

Kommt Huawei-Managerin Wanzhou Meng frei? © astudio / Shutterstock Will Huawei manager Wanzhou Meng be released?

Huawei CFO Wanzhou Meng and the US Department of Justice have been negotiating a so-called Deferred Prosecution Agreement (DPA) for months. This is an agreement in which a public prosecutor grants a suspect a (partial) remission or non-prosecution if he or she confesses parts of the allegations against him and otherwise cooperates fully with the authorities.

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US authorities want Meng to be extradited to New York to face federal charges related to allegations that she lied to bank HSBC about Huawei 's " We will continue to pursue principled engagement with China to address our bilateral differences and to cooperate in areas of mutual interest," Champagne

Huawei Chief Financial Officer and CEO's daughter Meng Wanzhou leaves her Canada home with sparkling 5 Jimmy Choos AND an ankle She went into fight extradition charges to the US , where she's charged with bank fraud and accused of misleading HSBC about Huawei 's business in Iran.

Meng is accused of having defrauded four banks and subsequently violated the US trade embargo against the state by omitting essential parts of a presentation on Huawei's business relations with Iran. Meng has always denied the allegations, claiming that the prosecution untruthfully omitted parts of their presentation. In fact, she did report on Huawei's relations with Iran.

arrest in his own house with ankle cuff

Meng has been under arrest in Vancouver, Canada since December 2018. On the basis of a US arrest warrant, she was arrested while transferring at Vancouver airport. Since then she has been resisting extradition to the USA.

The arrest in Vancouver is relatively mild for Meng. She has an estate in the city and can move around freely, but must wear an electronic ankle cuff.

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1 December: Huawei chief financial officer Meng Wanzhou is arrested in Vancouver, Canada. 7 December: At a court hearing, it is " Huawei complies with all applicable laws and regulations where it operates , including applicable export control and sanction laws and regulations of the UN, US and EU."

Canada has said it will allow the US extradition case against Huawei 's chief financial officer to move forward The US wants Meng Wanzhou to stand trial on charges including fraud linked to the alleged violation US authorities filed almost two dozen charges against Huawei , the world's second largest

Over the past two years, Meng had developed various defense strategies and then abandoned them. Initially, she argued that her conduct was not punishable under Canadian law. That didn't catch on with the Canadian judges. They reduced the consideration to the charge of fraud, which is also punishable in Canada.

Partial confession and partial penalty exemption - negotiations are ongoing

Which of the other lines of defense is currently being used is unclear. The Wall Street Journal (WSJ) now claims to have learned that Meng's lawyers are negotiating behind the scenes with the US Department of Justice over a sentence against a partial confession and further cooperation.

As a result, this should mean that Meng is allowed to travel close to China. The deal is said to have been negotiated for months, but has recently gained particular momentum because the parties apparently want to bring an agreement to a dry sheet during Trump's term in office.

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He continued, stating : "Therefore, the US is over-concerned. The US has gotten used to being the world's The Huawei founder continued, stating that if others were better than those in the US , "they may Meng and the Merciless: Huawei Chief Financial Officer Gears Up to Fight Extradition to US .

Huawei would be forced to hand over 5G data to the Chinese government if it was asked for it, because of national security laws, experts told CNBC. In an interview last month with CBS News, Huawei 's Ren said the company would never help China spy on the United States — even if required by law.

Meng's lawyers seem to assume that the climate would not be more favorable for such an agreement under President-elect Joe Biden. However, he did not comment on the case when asked by the WSJ.

According to the WSJ, Meng has already rejected at least one settlement proposal from the US prosecution. She had seen her behavior in dealing with Huawei's financial partners as misrepresented.

Release of two Canadians in China possible

The DPA instrument is not uncommon in the USA, but is generally not used for natural persons, but in dealings with companies. As the WSJ has learned from informed circles, an agreement with Meng could also result in the Canadians arrested by China only nine days after Meng was arrested in China to be released.

The arrest of the Canadians had strained Canada's relations with both China and the United States. Ultimately, the diplomatic relief that can be achieved could be rated higher by the participating states than the persecution of the individual Wanzhou Meng.

Barcelona star Antoine Griezmann cuts ties with Huawei .
It comes after a report this week alleged that Huawei tested software capable of sending alerts when surveillance cameras recognised members of the mainly Muslim minority Uighur group. The facial-recognition surveillance programme could identify someone from the minority group in a crowd and estimate their age and gender.

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