16 Oct 2020 – NEW YORK POST – “Why would China’s largest state-owned bank—whose mandate is to support the Chinese government’s strategic goals with capital—want to start a business with a relatively small and unknown American private equity fund? The obvious answer is to buy influence in the United States through the children of two of the most prominent officials in the Obama administration.
Beijing’s investment in BHR soon paid off. In 2015, the fund played a key role in securing approval by the Obama administration and the Committee on Foreign Investment in the United States (CFIUS) for the sale of the Michigan-based Henniges Automotive to one of China’s main military aircraft makers, Aviation Industry Corporation of China (AVIC). The approval of this deal surprised many. AVIC had previously been in the news for allegedly stealing “technologies related to the US F-35 stealth fighter,” technologies then used in China’s own new stealth fighter, the J-31.”
Inside the shady private equity firm run by Kerry and Biden’s kids
“My frustration,” writes Peter Schweizer in his new book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” “is not that the solid reporting on Trump has been too tough, but that the reporting on the Obama administration has been way too soft or in some cases nonexistent.” The author of the 2016 sensation “Clinton Cash” says Trump and his children didn’t invent the blurring of government and business, and details a number of ethical violations on both sides of the political aisle. One example: the little-noticed private equity firm run by the sons of Democrats Joe Biden and John Kerry, as detailed in this exclusive first excerpt.