Friday, November 30, 2007

HUNTER CALLS ON ROMNEY TO OPPOSE BAIN PARTNERSHIP WITH CHINESE COMPANY

Hunter called on Romney earlier this month:
(http://ohioforduncanhunter2008.blogspot.com/2007/11/hunter-calls-on-romney-to-oppose-bain.html)

FOR IMMEDIATE RELEASE: November 2, 2007

CONTACT: Gary Becks (619) 334-1655, dlhunter08@yahoo.com

San Diego, CA - - - Presidential candidate and current Ranking Member of the House Armed Services Committee, Congressman Duncan Hunter, today called on former Governor Mitt Romney to send a "clear statement" to the leadership of the company he founded, Bain Capital, to terminate a proposed business deal with a controversial Chinese corporation seeking to acquire U.S. defense contractor 3COM. Bain Capital is attempting to form a business arrangement with Huawei Corporation, a Chinese corporation founded by an officer of the Peoples Liberation Army of Communist China, which faces allegations of assisting Saddam Hussein in the targeting of U.S. aircraft and in helping the Taliban develop surveillance equipment.

"I am extremely concerned that Governor Romney's company would tout a highly suspect Chinese corporation as a strategic partner," stated Hunter. "Forming a business partnership with a corporation known to have direct ties with terrorists and dictators while, at the same time, openly seeking to acquire a major U.S. corporation that performs vital cyber security work for the Department of Defense, can only be characterized as irresponsible."

A resolution has been introduced in Congress, H.Res. 730, which states; "The preponderance of publicly available evidence clearly suggests that as currently structured, the proposed transaction involving Huawei threatens the national security of the United States and should not be approved by the Committee on Foreign Investment in the United States ." A copy of this resolution is provided.

Hunter stated in his letter to Governor Romney, "…while it is true that you no longer control Bain Capital, the contributions you have received from its principals as its founding member indicate that your influence within the company remains strong.

"Further, while the Committee on Foreign Investment has yet to rule on the Huawei transaction, this corporation's connection to Saddam Hussein, the Taliban and the Army of Communist China should clearly disqualify them from becoming, in the words of your former company, "a strategic partner" in acquiring a U.S. firm such as 3COM, which performs vital cyber-security work for the U.S. Department of Defense.

"This letter is a request that you immediately issue a statement of policy that this transaction should be terminated on the grounds of national security. Please let me know what you intend to do." A copy of Congressman Hunter's letter, as well as two articles regarding Huawei acquisition efforts are provided.

Media are encouraged to contact Gary Becks at (619) 334-1655 for additional information or to arrange an interview with Hunter.

1 comment:

Laser said...

Dept of Justice has declined to prosecute $300 million in fraud that benefited Romney's Bain entity when Romney was still controlling manager in 2001.

The Law firm of MNAT and TBF have confessed to supplying false more than 19 affidavits to the federal court during the eToys bankruptcy case as they worked for eToys when they sold the assets of eToys to their other client Bain/KB Toys for tens of millions in discounts.

Now it is discovered that the US Attorney, Colm F Connolly, was a partner with the MNAT law firm in 2001. Refusing to prosecute your former partners, clents and associates seems to be a good career move as Colm Connolly is now nominated to be a US Dist Ct Judge.

You can see our online affidavits at http://www.laserhaas.wordpress.com or http://fraud-corruption-mnat.townhall.com/default.aspx and the Wall Street Journal story on the plea deal made by law firm TBF, which is now disbanded, where TBF only had to pay a $750,000 fine and remained in charge and continued with the $300 million in Fraud. http://www.wjfa.net/bk/etoys.html

What a wonderful country we live in where even a Presidential hopeful can enjoy deferred prosecution.