US report sheds light on mysterious Chinese front company
January 29, 2010 2 Comments
By JOSEPH FITSANAKIS | intelNews.org |
A new report by a US Congressional commission sheds light on a mysterious Chinese corporate group, which intelligence observers have long-suspected to be a front company for Chinese spy agencies. Named after the street address of its headquarters, the Hong Kong-registered 88 Queensway Group is noted for its dynamic investments around the world, particularly in Africa, where the Chinese government has been extremely active in recent years. But new information (.pdf) compiled by the US-China Economic and Security Review Commission of the US Congress, alleges that the 88 Queensway Group “falsely represents itself as a private business when it actually is [an arm of the] Chinese intelligence community [and] public security apparatus”. Interestingly, the report, authored last July, identifies three international financiers as having close contact with the Group’s operations in sub-Saharan Africa. They are: Frenchman Pierre Falcone, who, along with Israeli-Russian tycoon and former French intelligence operative Arkady Gaydamak, was a central figure in France’s Angolagate scandal; Portugal’s Helder Battaglia, who has strong business links with Angola, Venezuela and Argentina; and Israeli Lev Leviev, Gaydamak’s former business associate and major diamond magnate in Angola. The report, which was posted on the Commission’s website two weeks ago, has made news headlines in France, Israel, and even Hong Kong, though –strangely– not in America.