US talks with Ming Wenzhou, Huawei's financial chief, for a possible deal

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US talks with Ming Wenzhou, Huawei's financial chief, for a possible deal


 

Huawei's financial chief was arrested in Canada in 2018 on a US warrant

The US Department of Justice is in talks with Ming Wenzhou, chief financial officer of Chinese company Huawei, to negotiate a possible deal.

Numerous US media reports say the US Department of Justice is in talks with Ming Wenzhou's lawyers over a possible deal.

Huawei's chief financial officer was arrested in Canada two years ago. If the deal goes through, Ming Wenzhou will be able to return to China.

According to the Wall Street Journal, which first reported the news, the Huawei chief will have to admit the allegations against him.

Ming Wenzhou has been charged with allegedly violating US sanctions on Iran.                                   He is accused of providing false information to HSBC Bank that could have violated US sanctions on Iran. 

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It has been two years since Ming Wenzhou was arrested in Canada on a US warrant. She was arrested as she was about to board a flight from Vancouver to China.

She has been fighting a legal battle against extradition to the United States for the past two years.

She is currently out on bail but is not allowed to leave Vancouver.


Ming Wenzhou's case is being monitored not only in China and Canada but also in other countries.

According to reports, after the presidential election in the United States, the talks between the lawyers of the US Department of Justice and the Chief Financial Officer of Huawei have intensified.

Huawei and its chief financial officer are accused of failing to provide accurate information to HSBC about their relationship with Skycom, a frontman company of Huawei. 

Political motives:

U.S. officials have accused Skycom of shipping banned items to Iran.

Ming Wenzhou is the daughter of Huawei owner Ren Zhengfei. He has always denied the allegations against him. His position is that the motives for action against him are political.

The Trump administration has accused Huawei of using its equipment to spy on China. Huawei has repeatedly denied this

The United States blacklisted the Chinese company last year and the United States has been pressuring other countries not to allow Huawei to be part of the FiveG network.

The Trump administration has banned US companies from seeking government approval if they want to sell the equipment to China.

Sino-Canadian relations strained:

The arrest in Canada of Huawei's chief financial officer Ming Hunzhou on a US warrant had strained Sino-Canadian relations. China has banned the import of canola oil from Canada and arrested two Canadians on espionage charges who are still in custody.

The Prime Minister of Canada, Justin Trudeau, has condemned the arrest of Canadians and said that Canadians are being used in diplomatic skirmishes between the United States and China.

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