Kash’s Corner: A Three Way Deal?—One Huawei CFO, Two Americans, and Two Canadians
Kash's Corner
Kash Patel
4.8 • 627 Ratings
🗓️ 10 November 2021
⏱️ 29 minutes
🧾️ Download transcript
Summary
“She basically bought her way out of the U.S. criminal justice system, even though she admitted to committing all the egregious conduct in the indictment,” says Kash Patel.
Huawei chief financial officer Meng Wanzhou was recently given a deferred prosecution agreement and allowed to return to China. And almost immediately after, the “two Michaels” imprisoned in China—Canadians Michael Kovrig and Michael Spavor—were released on bail for “medical reasons.”
And lesser-known are two American siblings—blocked from leaving China since 2018—who were also recently allowed to return to the United States.
In this episode of Kash’s Corner, we discuss what many are describing as “hostage diplomacy.”
What exactly was Huawei doing in Iran in the first place, and how is Huawei part of the Chinese Communist Party’s broader ambitions to control key infrastructure nodes around the globe?
Transcript
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| 0:00.0 | Hey everybody and welcome back to Cash's Corner. |
| 0:14.0 | So Cash, Huawei CFO Meng Wang Jo is on a plane back to China to great fanfare. And the two Canadians, the two Michaels, |
| 0:24.6 | Michael Spavour and Michael Corvig, are basically back to Canada almost immediately. And basically, |
| 0:31.5 | the U.S. Department of Justice is saying it's reached a deferred prosecution agreement. I'm going to |
| 0:37.4 | get you to |
| 0:37.8 | tell me all about that. Let me quickly read the statement of U.S. Attorney Bokman about what |
| 0:43.6 | actually happened. And she says, you know, talking about Meng Wang Zhou, her admissions in the |
| 0:49.8 | statement of facts confirm that while acting as the chief financial officer for Huawei, |
| 0:55.0 | Meng made multiple material misrepresentations to a senior executive of a financial institution, |
| 1:01.0 | that would be HSBC, regarding Huawei's business operations in Iran, |
| 1:05.0 | in an effort to preserve Kuwait's banking relationship with the financial institution. |
| 1:10.0 | So can you break this down for me? |
| 1:11.6 | Okay, so yeah, so deferred prosecution, one, I completely disagree with the Department of |
| 1:17.0 | Justice's decision to give Meng a deferred prosecution agreement in this instance. The charges came |
| 1:24.0 | under the Trump Department of Justice and it was a case that was going on for years, |
| 1:28.3 | but we can get to that. |
| 1:29.7 | A deferred prosecution of Gehriman is basically, I'm going to temporarily plead guilty |
| 1:34.1 | to the conduct and the indictment, and then I'm going to get out of jail free card in six |
| 1:40.6 | months' time, in a year time, normally. |
| 1:43.4 | And so that's basically what she did. |
| 1:45.2 | She basically told them what the Department of Justice wanted to hear, |
| 1:48.7 | which was the truth in this case. |
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