NEW YORK—Huawei executive Meng Wanzhou has reached deferred prosecution agreement with the United States that would allow her to return to China after nearly three years after her arrest and detention in Canada, U.S. prosecutors said before a Brooklyn district court on Sept. 24. 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, adding that United States will withdraw its extradition request to Canada as part of the agreement. Under the deal, Meng pleaded not guilty to charges relating to bank and wire fraud while appearing virtually at a Brooklyn federal court. Meng, the chief financial officer for the Chinese telecom provider and daughter of the company’s founder, was …