Chinese technology company CFO Wawi has been released from house arrest in Canada and returned to China. U.S. prosecutors said yesterday that Meng Wanzhou was released after reaching an agreement with U.S. authorities regarding suspicions of fraud against her.
Meng, the daughter of Wawi founder Ren Zhangfei, was arrested in Canada in December 2018 at the request of the US, and has since been under house arrest in Vancouver. Iran. Yesterday U.S. authorities said they would cancel the extradition request.
Following Meng’s arrest in 2018, Chinese authorities arrested two Canadian citizens, one of whom was even sentenced to 11 years in prison on espionage charges. In Beijing it has been repeatedly denied that the arrests have anything to do with the arrest of the senior in Wawi. However, yesterday the Prime Minister of Canada Justin Trudeau announced that the two Canadian citizens have been released from detention in China and are on their way home.
The U.S. District Court accepted the agreement with Meng, which will be in effect until December 1, 2022. Although Meng apologized yesterday for the charges against her, under the agreement she confirmed the correctness of the facts in the case and agreed not to commit further offenses, or risk prosecution. The U.S. official said she took “responsibility for her principal role in carrying out a global financial institution fraud scheme.” According to the US, Meng did this to continue Wavi’s business with this institution. According to foreign media reports, the institution was the investment bank HSBC.