US judge dismisses indictment against Huawei CFO
Technology
Huawei has pleaded not guilty to related U.S. criminal charges.
NEW YORK (Reuters) - A US judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co [RIC:RIC:HWT.UL], formally ending a criminal sanctions case that strained U.S.-China relations.
Meng, whose father Ren Zhengfei founded Huawei and is the telecommunications company’s chief executive, entered an agreement with U.S. prosecutors last year for the case to be dismissed four years after her December 2018 arrest.
Prosecutors accused Meng of bank fraud and other crimes for misleading HSBC Holdings Plc (HSBA.L) and other banks about Huawei’s relationship with a company that operated in Iran.
They said Meng’s actions put banks at risk of penalties for processing transactions that violated U.S. sanctions.
Huawei has pleaded not guilty to related U.S. criminal charges.
U.S. District Judge Ann Donnelly in Brooklyn dismissed Meng’s indictment with prejudice, meaning it cannot be brought again.
