A Canadian court has dropped U.S. extradition proceedings against Huawei chief financial officer Meng Wanzhou, lifting her bail conditions and allowing her freedom. The decision comes hours after Meng reached a deferred prosecution agreement with the U.S. Justice Department in a U.S. federal court in Brooklyn. Attending the U.S. court virtually from Vancouver, Meng pleaded not guilty on charges relating to bank and wire fraud, but acknowledged the thrust of the charges against her under an agreement with U.S. prosecutors. Under the agreement, Meng will have charges against her dismissed after Dec. 1, 2022. “In entering into the deferred prosecution agreement, Meng has taken responsibility for her principal role in perpetrating a scheme to defraud a global financial institution,” acting U.S. attorney Nicole Boeckmann said in a statement. “Her admissions in the statement of facts confirm that, while acting as the Chief Financial Officer for Huawei, Meng made multiple material …