new delhi huawei technologies chief financial officer meng wanzhou has reached an agreement with us 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 canadathe us government said it will appear in brooklyn federal court to discuss a resolution of charges against huawei technologies chief financial officer meng wanzhou according to a friday court filingmeng was arrested at vancouver international airport in december 2018 on a us warrant and was indicted on bank and wire fraud charges for allegedly misleading hsbc about huaweis business dealings in iranthe deferred prosecution agreement reported first by reuters pertains only to meng and us charges remain against the company according to another person familiar with the mattersuch a resolution would remove one of several major disputes between the worlds two biggest economies the agreement could also potentially pave the way for the release of two canadians businessman michael spavor and former diplomat michael kovrig who are held in china after being arrested shortly after meng was taken in custody in 2018 in august a chinese court sentenced spavor to 11 years in prison for espionagea spokeswoman for huawei declined to comment a spokesman for the us attorneys office in brooklyn declined to comment an attorney for meng could not be immediately reached for commentmeng has said she is innocent and has been fighting extradition to the united states from canada meng is confined to vancouver and monitored 247 by private security that she pays for as part of her bail agreementunder a deferred prosecution agreement the government agrees to refrain from prosecuting a defendant for a period of time and drops the case altogether if the defendant complies with specified conditionshuawei a telecommunications equipment giant was placed on a us trade blacklist in 2019 that restricts sales to the company for activities contrary to us national security and foreign policy interests the restrictions have hobbled the company which suffered its biggest ever revenue drop in the first half of 2021 after the us supply restrictions drove it to sell a chunk of its oncedominant handset business and before new growth areas have maturedthe criminal case against meng the daughter of huawei founder ren zhengfei and huawei is cited in the blacklisting huawei is charged with operating as a criminal enterprise stealing trade secrets and defrauding financial institutions it has pleaded not guiltyarticles published by reuters in 2012 and 2013 about huawei a hong kongregistered company skycom and meng figured prominently in the us criminal case against her reuters reported that skycom had offered to sell at least 13 million euros worth of embargoed hewlettpackard computer equipment to irans largest mobilephone operator in 2010 at least 13 pages of the proposal were marked huawei confidential and carried huaweis logoreuters also reported numerous financial and personnel links between huawei and skycom including that meng had served on skycoms board of directors between february 2008 and april 2009judicial hearings