Meng pleaded not guilty to the charges on Friday. As part of the agreement, however, she took "responsibility for her principal role in perpetrating a scheme to defraud a global financial institution," acting U.S. Attorney for the Eastern District of New York Nicole Boeckmann said in a statement. According to Boeckmann, Meng admitted to making "multiple material misrepresentations" while CFO of Huawei about the company's business in Iran, in conversations with the senior executive of a financial institution. The government claimed she did this to continue Huawei's business relationship with the firm. Boeckmann said the admission confirms the core allegations against Meng.
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