justice.gov/opa/press-rele…
In 2016, the DOJ indicted Chinese, American and other foreign nationals for economic espionage and money laundering conspiracy. From 2014 through 2016 Millions of dollars were moved from Bank of China to Bank of America to facilitate the scheme.
(1/8)
China Shipbuilding Industry Corporation, a People’s Liberation Army controlled entity, received a special mention in the indictment.
(2/8)
In 2015, @SecElaineChao traveled to China to witness her father’s signing of a $75,000,000 deal with CSIC. In 2019, the Chao family’s shipping business signed a deal with China State Shipbuilding Corporation, another People’s Liberation Army-controlled entity.
(3/8)
boc.cn/en/investor/ir…
Secretary Chao’s sister Angela has served on Bank of China’s board of directors since January 2017; coincidentally, the month in which Secretary Chao was confirmed as Secretary of Transportation.
(4/8)
Some of the transactions mentioned in the indictment occurred while Angela Chao was a Bank of China director.
(5/8)
google.com/amp/s/www.cnbc…
A 2016 UN report mentioned Bank of China’s complicity in North Korean sanctions evasion.
(6/8)
google.com/amp/s/www.dail…
Earlier this year, it was reported that Trump Org received millions of dollars in credit from Bank of China, through a loan to Trump Org’s partner, Vornado.
(7/8)
The reason (or reasons) why neither Donald Trump nor @senatemajldr have proposed sanctions on Bank of China or People’s Liberation Army-controlled shipyards is a real mystery.
(End)
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.