Biden-Linked Tech Deal With China Must Be Scrutinized - US Senator Grassley
Sumaira FH 4 months ago Fri 16th August 2019 | 06:10 AM
WASHINGTON (UrduPoint News / Sputnik - 16th August, 2019) The Treasury Department must look into the Obama administration's approval of a US-Chinese military technology deal involving former Vice President Joe Biden's son and Secretary of State John Kerry's stepson, Senator Chuck Grassley said in a letter.
"The direct involvement of Mr. Hunter Biden and Mr. [Chris] Heinz in the acquisition of Henniges by the Chinese government creates a potential conflict of interest. Both are directly related to high-ranking Obama administration officials," Grassley said in a letter that was released on Thursday. "As with the Uranium One transaction, there is cause for concern that potential conflicts of interest could have influenced CFIUS [Committee on Foreign Investment in the United States] approval of the Henniges transaction.
In April 2015, The New York Times reported that the family foundation of Uranium One's chairman made over $2 million in undisclosed donations to the Clinton Foundation. The Canadian uranium mining company, which controls 20 percent of all production capacity in the United States, was acquired by a subsidiary of Russia's state nuclear corporation Rosatom in three separate transactions between 2009 and 2013.