Huawei CFO, US reach agreement to resolve bank fraud charges: Report

(Reuters) – Huawei Technologies Chief Financial Officer has reached an agreement with U.S. prosecutors to resolve the bank fraud case against her, according to sources familiar with the matter, in a process that should allow her to leave Canada.

Meng is expected to appear virtually in a hearing scheduled for later on Friday in Brooklyn federal court. She was arrested at Vancouver International Airport in December 2018 on a U.S. warrant, and was indicted on bank and wire fraud charges for allegedly misleading HSBC about Huawei’s business dealings in Iran.

The deferred prosecution agreement, reported first by Reuters, pertains only to Meng and U.S. charges against the company remain, according to another person familiar with the matter.