Huawei CFO welcomed by china after the deal with the US.

After the entrance of China in an agreement with the United States, Huwaei chief financial officer flew to homeland China.

This agreement was to end the fraud case against her, dismissing a point of distress between the two countries.  

China ruling Communist Party projected as a victorious moment on the arrival of Meng Wanzhou, the high profile top executive and heiress of the telecom giant.

The moment was also live telecasted on live state television in China. She walked down the stairs of the selective plane arranged by the government officials and Huawei employees, and health officials wearing Personal Protective Equipment suits greeted her. After a speech, Meng left for a COVID-19 quarantine. 

The arrest of the heiress dated back in 2018, reasoning due to a fraud charge for allegedly misleading HSBC bank in 2013 about the business dealings in Iran.

An arrest of two Candian residing in China occurred shortly in China just after the event. In a report, the Chinese government denied both of the arrests to be interlinked.

The timeline of Meng arrest started with wearing a Global Positioning System (GPS) for two years as per the Canadian Court’s direction.

Meng, the daughter of Huawei founder, was in years-long extradition drama. This drama acted as a good source of increasing rocky ties between Beijing and Washington.

The Chinese officials signalled the drop of the case as a helping hand in a diplomatic crisis.

The agreement is said to open judgment from the Chinese Businessmen living in Washington to the US President Joe Biden regarding his administration capitulating China and one of its top companies at the centre of the rivalry between the two world’s largest economies.

More about the Case on Huawei

As per reports, a Hong Kong-registered company Skycom filed a criminal case against Meng. Skycom had offered to sell at least 1.3 million euros worth of Hewlett-Packard computer equipment to Iran’s mobile phone operator in 2010. 

The reports stated numerous financial personnel links between Huawei and Skycom, in which Meng has served on Skycom’s board of directors between February. These all events prompted HSBC to question Meng.

Shortly, Huawei was under a US trade ban in 2019, contrary to US national security and foreign policy interests, restricting sales and other activities of the organisation in the US and making the company’s most significant revenue drop.

The legal charges on the organisation were for operating as a criminal enterprise, stealing trade secrets and defrauding financial institutions, which has pleaded not guilty.

All the charges made Huawei become a dirty word in Washington. China hawks in Congress made quick reactions to any news which stated the United States administration to be lenient under the restrictions. 

Ex-president Donald Trump politicised the case after telling in an interview that he would intervene in Meng’s arrest to serve national security or a helping hand in a trade deal.

On which Meng’s lawyer commented her presence as a pawn between the two superpowers.

But senior officials proved them wrong by stating the handling of the case by the justice department with no bear on the US strained ties with China.

Acknowledgement of two detained Canadians by US officials referred to be linking with Meng’s detention, rather than bargaining chips.