Huawei CFO’s admissions can be used at criminal trial, US judge rules
Summary
A US judge ruled that Huawei’s Chief Financial Officer Meng Wanzhou’s 2021 admission about the company’s illegal business in Iran can be used as evidence in the US trial against Huawei. Meng admitted to lying to banks about Huawei’s compliance with US sanctions during a deferred prosecution agreement, and the trial in Brooklyn is scheduled to start in September.Key Facts
- Meng Wanzhou, Huawei’s CFO, admitted in 2021 that Huawei broke US sanctions on Iran.
- Her admission involved lying to banks about Huawei’s business practices.
- The admission was part of a deal to dismiss criminal charges against her in the US.
- A US federal judge ruled that Meng’s statement can be used as evidence against Huawei in the trial.
- Huawei argued their company rights prevent using her admission, but the judge disagreed.
- Meng was arrested in Canada in 2018 and spent nearly three years under house arrest there.
- The US has accused Huawei of bank fraud, stealing trade secrets, and violating national security rules.
- Huawei faces restrictions from the US but has expanded its business in other areas, including AI and smart car parts.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.