NEW YORK—Huawei executive Meng Wanzhou has reached a deferred prosecution agreement with the United States that would allow her to return to China nearly three years after her arrest and detention in Canada, U.S. prosecutors said before a Brooklyn district court on Sept. 24. The deal was approved by U.S. District Judge Ann Donnelly. As part of the agreement, the government would put the prosecution on hold until December 2022 and drop the case altogether if the defendant complies with specified conditions in the agreement, according to the federal prosecutor. Meng would be able to leave Canada on Dec. 1 next year, the prosecutor said. Under the deal, Meng pleaded not guilty to charges relating to bank and wire fraud while appearing virtually at a Brooklyn federal court. William Taylor III, an attorney representing Meng, said he was “very pleased” with the agreement, adding “we fully expect the indictment will be …