Monday, November 2, 2020

biden-delaware-way-graft

https://www.thenation.com/wp-content/uploads/2019/11/Biden-bungalow_img.jpg

https://www.thenation.com/article/archive/biden-delaware-way-graft/

When Joe Biden visited China in 2013, Hunter Biden, who accompanied his father, introduced him to Li.

Shortly after, Li and Rosemont Seneca announced a new venture, #BHR (Shanghai) Equity Investment Fund Management Company.

A check of BHR’s investment list, a Financial Times review of its deals, and other news reports show the fund spread its state-owned parent companies’ capital deep into strategic global industries.

Examples include

#Megvii (Face++), identified by FT as a “leading facial recognition company whose technology was linked to Beijing’s mass surveillance of Uighurs in Xinjiang.”

#ChinaGeneralNuclear, which was blacklisted in August 2019 by the US Commerce Department for “efforts to acquire advanced U.S. nuclear technology and material for diversion to military uses in China.”

#TenkeFungurume, a mine in the Democratic Republic of Congo, which is such a strategic source of copper and cobalt that the US mining giant Freeport-
McMoRan received $400 million from OPIC (the agency that financed Hynansky’s Kyiv showroom) in 2008 to develop it. But after upgrades, the company and its partners sold their stake to BHR, whose shares were later bought out by China’s state-controlled China Molybdenum.

#Henniges Automotive, a Detroit-area maker of car parts that was purchased by BHR and a subsidiary of the Aviation Industry Corporation of China (AVIC), which makes Chinese military aircraft. The deal, valued at $600 million, was the largest AVIC purchase in Detroit since 2011, and it proceeded even though an AVIC affiliate had been added to a US government blacklist in 2014.

#Biden #HunterBiden #graft

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