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re: "no evidence of wrongdoing"

But someone broke ranks with Mssrs. Biden to facilitate an involuntary divestment at a loss. What had not been common knowledge is Biden investment in venture capital offered by private equity firm BHR Partners, or BHR Equity Investment Fund Management Company.

On the occasion of a US Commerce announcement of additional entries to its Entity List (inexplicably a/k/a "blacklist", "blacklisting") of governmental and commercial organizations "engaging in or enabling activities contrary to the foreign policy interests of the United States", BLOOMBERG discretely reports "reputational costs" to Asian firms and otherwise sterling institutional funders:

The U.S. placed eight Chinese technology giants on [the US COMMERCE ERC] blacklist on Monday, accusing them of being implicated in human rights violations against [UIGHURS!] in the country's far-western region of Xinjiang. Among those singled out for sweeping American export restrictions were SenseTime Group Ltd., the world's largest AI startup, and Megvii Technology Ltd.
[...]
It's unclear how foreign investors may respond to Monday's decision. Megvii counts Qiming Venture Partners and Chinese AI guru Lee Kai-Fu's Sinovation Ventures as backers. SenseTime won funding from global powerhouses from Fidelity International and Silver Lake to Tiger Global and SoftBank Group Corp., en route to a valuation of $7.5 billion.

As if four days earlier, REUTERS had not revived insider trading schemes of fed gov officials made kitchen gossip by Cerberus Capital:

George Mesires, a lawyer for Hunter Biden, has said his client started out on the advisory board for BHR and only became an investor in the fund with a 10% stake in 2017.

Mesires has said Hunter Biden's investment in the fund was $420,000, implying a total capitalization for the fund of $4.2 million.

Neither Hunter Biden nor Mesires could be reached for comment.

As if the Commerce Entity list does not run to 295 pp, dating back at least to 2009. What a racket.

Diversity is the key to economic and political evolution.
by Cat on Wed Oct 9th, 2019 at 03:03:48 AM EST

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