CCP's Global Influence - Credit Suisse (General)

by dulan drift, Thursday, September 09, 2021, 06:59 (139 days ago) @ dulan drift

Here's a typical one:
TAIPEI (Taiwan News) — The Chinese dissident artist Ai Weiwei (艾未未) has made public that Credit Suisse is closing his foundation’s bank account due to the artist’s supposed criminal record — which in fact does not exist.

While Ai was detained in China for 81 days in 2011, he was never formally charged with a crime. He described his arrest and detention as Beijing “applying its normal techniques of persecuting political opponents.”

“Just a bit of homework could have shown them that I was never formally charged, let alone convicted of a crime.”

Ai explained what he considered to be the real reason for the bank’s actions: “Not long ago the institution announced that it was accelerating its recruitment of employees in China. It wanted to triple their numbers in five years.”

The artist noted that the bank had already been fined US$77 million (NT$2.1 billion) by American regulators in 2018 for violations of the Foreign Corrupt Practices Act. The fines were for the bank hiring the offspring of wealthy Chinese communists to gain influence in the country.

The employment of so-called 'princelings' is rife amongst big companies as a way to gain favour with the CCP. If you want to understand the massive extent of corruption at the highest echelons of power and money in the world - this story is a great example.


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