A Chinese technology executive held in Canada on US fraud charges could be freed as early as Friday after the US government said it would submit a &qu

Huawei's Meng Wanzhou 'to be freed' in US deal

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2021-09-24 18:00:14

A Chinese technology executive held in Canada on US fraud charges could be freed as early as Friday after the US government said it would submit a "resolution" to the case against her.

On Friday the US Department of Justice (DOJ) said it would submit, along with lawyers for Ms Meng, a "resolution" to the case.

If the main charges against her are dropped, her extradition case in Canada will be thrown out and she could be freed almost immediately.

The US alleges Ms Meng misled the bank HSBC over the true nature of Huawei's relationship with a company called Skycom, putting the bank at risk of violating US sanctions against Iran.

US media say the two sides have reached a deferred prosecution agreement. This means the DOJ would hold off from prosecuting Ms Meng for a period of time. If she complied with conditions set by court, the case would eventually be dropped.

Ms Meng is the elder daughter of billionaire Ren Zhengfei, who set up Huawei in 1987, building it up to become one of the biggest technology firms in the world.