Huawei CFO could soon be released from custody, allowed to return to China

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Huawei logo (Image credit: Android Central)

What you need to know

  • Huawei executive Meng Wanzhou could soon be released from custody.
  • Wanzhou has been detained in Canada for three years on charges of bank fraud.
  • As per the agreement, Meng would not have to plead guilty to the charges.

The case against Huawei CFO Meng Wanzhou may soon come to a close as the U.S. Justice Department and Huawei reportedly come to an agreement to have her released from custody, The New York Times reported.

Meng, the daughter of Huawei founder and CEO Ren Zhengfei, was detained in Canada in 2018 on behalf of the U.S. over allegations of bank fraud. She allegedly misled banks about Huawei's dealings with Iran, although the company denies these charges.

The case against Wanzhou only exacerbated tensions between the U.S. and Huawei, which seemed to come to a head during President Trump's time in office, blocking U.S. companies like Qualcomm and notably Google from working with the telecommunications giant.

Reports of dealings around Meng's release arose late 2020, although it was said that Meng was reluctant to admit to any wrongdoing. However, as per the deferred prosecution agreement, Meng will admit to some wrongdoing, after which the charges against her will be dropped.

According to Reuters, the agreement will allow Meng to leave Canada, where she has been placed on house arrest, and return to China.

The U.S. Justice Department and Huawei were not immediately available to comment.

While this may mean an end to the drawn-out case against Meng, the agreement does not appear to bear any effect on the strained relationship between Chinese companies like Huawei and the United States. It's recently been reported that the U.S. is considering to place Honor on the same list, despite Huawei spinning off the company into its own entity.

Derrek Lee
News Editor

Derrek is a long-time Nokia and LG fanboy who loves astronomy, videography, and sci-fi movies. When he's not working, he's most likely working out or smoldering at the camera.

  • Great. And the two Canadian Michael's lost over 1000 days of their lives over this **** show between China and the US.
  • I really do hope Huawei make big dents into the European markets over apple and android. I had a p40 Pro last year and loved the phone. Unfortunately due to some apps I use like teams, orfi active and others that needed GMS I needed up moving back to my note 9. Which don't get me wrong is a great phone for its age but to me the p40 Pro felt different to other phone's I had and that camera and battery life wow I miss it. If harmony os can get banking apps and pay supported in the uk and apps like teams and Orfi jumping on board I will definitely look to them as my next phone.
  • All that circus for nothing...while the two Canadians were rotting in prison being mistreated, held in solitary confinement for prolonged periods of time, Meng Wanzhou basically enjoyed an extended vacation in Canada...under "house arrest"...aka a mansion with all creature comforts readily available, nevermind the private security detail. The limo drives to the court must have made her "ordeal" that much more tolerable. Then again, let's remember that the wheels of justice roll at a different rate for the rich and powerful. All China has to do is say "Jump!" and Canada asks "How high?!". The US doesn't care either, for them this was just a way to annoy China and infuriate their government, especially Winnie The matter that two people were used as pawns in all of this and had their lives destroyed in the process. Let's not forget that there's the case of Robert Schellenberg as well. His situation and case are different, but his general treatment and torture do underscore that he is being made an example of as well. The death penalty he received is further proof of that. This is what happens when you bend the knee and cater to tyrants and authoritarian regimes.