Posted on 02/22/2020 8:25:22 AM PST by E. Pluribus Unum
WASHINGTON—California Public Employees Retirement System (CalPERS) officials failed to answer a congressman’s questions about its Chief Investment Officer’s (CIO) links to a Chinese program the FBI says is a spy tool.
“CalPERS failed to answer two fundamental questions raised in my letter to Governor [Gavin] Newsom,” Rep. Jim Banks (R-IN) told The Epoch Times Friday.
Banks was referring to his Feb. 12 letter to Newsom concerning CalPERS CIO Yu Ben Meng’s “long cozy” relationship with the Chinese Communist Party (CCP).
“First question: Is Mr. Meng a member of the Thousand Talents Program, something the FBI called a ‘non-traditional espionage program?’
“Second question: Since Meng came back as Chief Investment Officer of CalPERS, has CalPERS invested in companies that are affiliated with the Chinese People’s Liberation Army?”
The Indiana Republican also said he wants “clarification from Mr. Meng about what he meant when he told the Chinese Communist rag People’s Daily that his ‘roots were in China,’ and why he said that if he got ‘an opportunity to serve the motherland, such responsibility and honor cannot be compared to anything.’”
Banks said CalPERS’s massive investments in China were estimated in 2018 to be $3.1 billion in at least 172 Chinese firms. He also noted that Secretary of State Mike Pompeo recently told a meeting of the nation’s governors that included Newsom that CalPERS “is invested in companies that supply the People’s Liberation Army (PLA) that put our soldiers, sailors, airmen, and Marines at risk.”
Banks further said in his letter that “CalPERS holds shares of China Communications Construction Co. (CCCC), which has constructed PLA naval bases in the South China Sea, and in China Shipbuilding Industry Corp., a state-owned enterprise, and the largest manufacturer of Chinese naval ships.”
(Excerpt) Read more at theepochtimes.com ...
Hahahahahahahahahahahahahahaha!
I hope he takes all their money to China.
The chair of Harvard University’s chemistry department was charged in a criminal complaint unsealed Tuesday on allegations that he did not disclose Chinese government funding he received, in an escalation of U.S. efforts to counter what officials describe as Beijing’s aggressive recruitment at U.S. universities.
The professor, Charles Lieber, allegedly lied to the Defense Department and the National Institutes of Health about his participation in China’s Thousand Talents Plan, the complaint said.
U.S. authorities have raised alarms in particular about the so-called talent programs run by the Chinese government, which officials say create conflicts of interest and offer incentives to bring intellectual property back to China. (Excerpt) Read more at wsj.com ...
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Six Prominent U.S. Universities Failed To Report A Combined Total Of 1.3 Billion In Foreign Funding
A recent report from the Clarion Project shows a huge amount of foreign funding that comes from countries like China, Qatar, and Russia. Six prominent U.S. universities failed to report a combined total of 1.3 billion in foreign funding, according to the Department of Education (DOE).
The Department of Education (DoED) is conducting an investigation into foreign governments funding U.S. universities, and they have found that governments such as Russia, China and Qatar (a huge donor to the Clinton Library Fund) have given them a staggering $1.3 billion.
These are the preliminary findings in an ongoing investigation into six different universities, and Education Secretary Betsy Devos believes that much more money could be discovered before the investigation concludes.
The universities under review include the Massachusetts Institute of Technology, Texas A&M, Cornell, the University of Maryland, Georgetown (Bill Clinton's alma mater), and Rutgers. Acting general counsel Reed Rubinstein called the initial findings very “disturbing” in a letter to the Senate Permanent Subcommittee on Investigations, the Education Department.
CalPERS about to become diced.
This is where we need to keep looking and digging.
CalPERS’s massive 3.1 billion dollar investment in Red Chinese firms...
Yikes, California state and local pension plans have their money at risk as once investment money goes there, little comes back as profits and getting the invested money back is stopped by the Chinese government/courts. Plus, those investments aid a foreign power adverse to our USA.
Even asking the question is considered racist.
Rep. Banks Urges California Governor to Investigate CIO of Nation’s Largest Pension Fund for Ties to China
https://banks.house.gov/news/documentsingle.aspx?DocumentID=1625
Secretary of State Mike Pompeo recently told a meeting of the nation’s governors that included Newsom that CalPERS “is invested in companies that supply the People’s Liberation Army (PLA) that put our soldiers, sailors, airmen, and Marines at risk.”Newsom is a traitor.
He probably also used Feinstein's Chinese spy 'driver' to sell info to like DiFi did for 20 years.
The Dept of Justice needs to arrest Newsom before he causes any more damage to the Military of the USA.
It was probably Newsom’s idea.
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