Background: Millions In Coronavirus Relief Loans Went To Chinese Real Estate Company At Center Of FBI Bribery Probe of LA Councilman - http://archive.is/UpV8F
-At least $4 million in PPP loans went to a real estate company at the center of a federal bribery investigation involving a Los Angeles city councilman.
-Shenzhen New World Group, owned by Chinese billionaire Wei Huang, received two PPP loans for hotels it operates in Los Angeles.
-Jose Huizar is accused of accepting more than $800,000 in bribes from a real estate company chairman referred to in a federal indictment as “Chairman E.”
-Charging documents against Huizar make it clear that the real estate company in question is Shenzhen New World Group, which is working on a 77-story skyscraper project in Huizar’s district.
I did a little digging on Shenzhen and discovered Gov Newsom made a very controversial decision to pay another Chinese company based in Shenzhen $1 billion to manufacture Covid-19 masks. See LA Times story below.
Who did Newsom hire? A company that makes electric cars, a company named BYD. They in turn are owned by Chinese conglomerate Norinco. http://archive.is/HzjFZ#selection-787.0-793.31 Guess what Norinco makes? Weapons! http://archive.is/XvXUK
And guess where a recent shipment of 10,800 assault rifle kits came from? Shenzhen, China! http://archive.is/XbqtU#selection-4305.0-4305.152
I don't want to sound like a conspiracy theorist but it looks like CA Gov Gavin Newsom overpaid for Covid-19 masks and used the balance to buy 10,800 assault rifles.
I wonder why he would need 10,800 assault rifles………
"LA Times: Gov. Gavin Newsom‘s decision to spend almost $1 billion in taxpayer funds to buy protective masks drew national attention as an aggressive move by California to solve one of the most nagging problems of the coronavirus crisis.
But almost two weeks after he announced the deal during a cable TV interview, very few details have been disclosed. The governor’s advisors have so far declined requests for information about the agreement with BYD, the Chinese electric car manufacturer hired to produce the masks, though the state has already wired the company the first installment of $495 million.
Newsom, who has been praised for his efforts to slow the spread of the disease, bristled on Saturday at suggestions that his administration has been too slow to explain a deal that will cost California taxpayers 30% more than his January budget would spend on infectious disease prevention for an entire fiscal year.
“I’m for outcome here,” Newsom shot back when asked by a reporter about withholding the contract’s details. “Some are consumed by process, personality, intrigue. Who’s up, who’s down. We are for actually solving a major, major problem — not only for the state but potentially a template for the country.”
But a bipartisan chorus of concerns has emerged in the Legislature. Lawmakers have grown increasingly frustrated that the governor’s advisors have asked only for expedited approval to spend money without briefing them on what has been agreed to.
“I must emphasize, that’s a big deal,” state Sen. Jim Nielsen (R-Gerber) said of the agreement during a legislative oversight hearing on Thursday. “And what is in the contract that ensures the deliverability — timely — is going to be really, really important. At the least, we cannot be just throwing out a false hope to people.”
BYD, a SHENZHEN-BASED COMPANY whose initials stand for “Build Your Dreams,” has staked its reputation on building electric vehicles. It has a U.S. subsidiary based in Los Angeles, with a vehicle manufacturing facility in Lancaster. The company currently employs about 1,000 people in California, a company spokesman said."
http://archive.is/tsI60#selection-2909.0-2909.322