U.S. reaches an agreement to release Huawei executive Meng Wanzhou.
The Justice Department has reached an agreement with Huawei Technologies that will allow its chief financial officer, Meng Wanzhou, to return to China in exchange for admitting some wrongdoing in a sanctions violation case, a person familiar with the deal said on Friday.
Ms. Meng, who has been detained in Canada since 2018, has agreed to a deferred prosecution agreement that is expected to be entered in federal court in Brooklyn Friday afternoon.
Ms. Meng will ad-mit to some wrong-do-ing, and federal prosecutors will defer and then ultimately drop the charges against her, the person said. -As part of the agreement, she will not enter a guilty plea.
The Canadian authorities arrested Ms. Meng, 49, the technology giant’s chief financial officer, in December 2018 at Vancouver International Airport, at the request of the United States. Ms. Meng, the daughter of Huawei’s founder and chief executive, Ren Zhengfei, instantly became one of the world’s most famous detainees.