September 24 (WNN) — Huawei’s Chief Financial Officer Meng Wanzhou on Friday agreed a deal with US prosecutors to postpone fraud charges against him, allowing him to return to China nearly three years after Canadian authorities arrested him Went. Meng appeared virtually in US District Court in the Eastern District of New York to enter into a deferred prosecution agreement. Canadian authorities arrested Meng in December 2018 on suspicion of violating US trade sanctions on Iran at the request of US officials. He faces charges of conspiracy to commit bank fraud, conspiracy to commit wire fraud, bank fraud and wire fraud. He pleaded not guilty to the charges on Friday during the virtual arraignment. As part of the deal with US prosecutors, Meng said the statement of facts in the deferred prosecution agreement was accurate, including that he was misleading about the telecommunications giant’s relationship with Iranian subsidiary Skycom. He is not allowed to make statements against the agreement and must not commit other federal, state or local crimes. “In entering into the deferred prosecution agreement, Meng has assumed responsibility for his leading role in executing a plan to defraud a global financial institution,” said Acting US Attorney Boeckman. “His entry in the Statement of Facts confirms that, while serving as Huawei’s Chief Financial Officer, Meng conducted a financial investigation in connection with Huawei’s business operations in Iran in an effort to preserve Huawei’s banking ties. Made several material misrepresentations to a senior executive of the Institute. Financial Institution. “The truth about Huawei’s business in Iran, which Meng hid, would have been crucial to the financial institution’s decision to continue its banking ties with Huawei. Meng’s admission was the root of the government’s allegations in this financial fraud prosecution.” Confirm – that Meng and his fellow Huawei employees are engaged in a concerted effort to deceive global financial institutions, the US government and the public about Huawei’s activities in Iran.” In return, the US government agreed to withdraw its request to Canada to extradite Meng to the United States, allowing him to return to China. The charges will be postponed until the end of 2022, at which point they can be dropped. .