regulatory

Meng Wanzhou Released After Deferred Prosecution Agreement

| China Tech

Meng Wanzhou reaches a deferred prosecution agreement with the US Department of Justice admitting that Huawei misled banks about its Iran dealings, and is released from house arrest in Vancouver and returns to China. Canada simultaneously releases two Canadians — Michael Kovrig and Michael Spavor — who had been detained in apparent retaliation. The 'two Michaels' crisis underlines how Huawei's legal battles became entangled in a broader hostage-style diplomatic confrontation.

  • T1 US Department of Justice Official
  • T2 Reuters Major