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Reply #12: Bush's Secretary of Labor, Elaine Chao, was ALSO a business partner [View All]

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MetaTrope Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-29-05 11:32 AM
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12. Bush's Secretary of Labor, Elaine Chao, was ALSO a business partner
of Chinese Intelligence. Co-owners of a Lippo Group subsidiary, of all things--where did we hear that name before? Oh yes, Buddhist nuns and Al Gore.

Chao has biz ties to Lippo

A review of financial assets held over the past six years by Elaine L. Chao and her husband, Kentucky Sen. Mitch McConnell, reveals that the labor secretary-designate serves as director of an insurance company that jointly owns a Lippo Group subsidiary with the Chinese government.

Indonesia-based Lippo is controlled by the Riady family and is at the center of the Chinagate fund-raising scandal.

...
Senate financial-disclosure records show that, over the past four years, Chao has held a seat on the board of Protective Life Corp., which owns 50 percent of CRC Protective Life Insurance. Lippo co-owns the rest of the Hong Kong-based unit with China Resources Holdings Co., an intelligence-gathering front company for China's People's Liberation Army.
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