China’s Bank of Terrorism
Bank of China is accused of transferring millions of dollars to Hamas and Palestine Islamic Jihad.
Why is Bank of China involved in so many dubious activities? After the 1949 revolution, the bank became the financial window for the People’s Republic. Last decade, it formally gave up that specialized role but has remained the country’s main foreign exchange bank. This decade, Bank of China has sold large strategic stakes to foreign banking institutions and shares to the investing public, but the Chinese government still controls its operations. If Beijing deals with a rogue leader or terrorist somewhere in the world, it most always funnels cash through Bank of China, which has operations in about thirty nations. The central government may say that it does not control the bank, but in reality it does.
And that brings us back to the Los Angeles case. “Most of the banks of the world are not doing business with terrorist organizations,” says Federico Castelan Sayre, a lawyer for the plaintiffs in Zahavi vs. Bank of China. Yet referring to Bank of China, he said, “They chose to do so willingly.” Perhaps it is more precise to say that the Chinese government chooses to do business with terrorist organizations and that the country uses Bank of China to implement its reprehensible tactics.
Washington declined to sanction that bank when it was dismantling North Korea’s international banking networks a few years ago. American officials apparently hoped to quietly persuade the bank to rid itself of its Pyongyang connections. It may have done so, but Bank of China appears to have continued with other activities of an even worse nature.
The sensitive Chinese government hates the spotlight on its questionable relationships, and the case in Los Angeles is bound to expose Beijing’s connections to Middle East terrorism. So going after Beijing’s international banker in the California case is essentially an attack on the Chinese government. The stakes, therefore, will be high in California’s Superior Court.
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Gordon G. Chang is the author of Nuclear Showdown: North Korea Takes On the World and The Coming Collapse of China.
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11 Comments
1. Joshua:Liars, cheats & cons! From China to Russia to North Korea to Iran to Venezuela to Syria and on and on and on the world is straining under the load of despicable people running despicable regimes. Our only hope in America is to defeat the Godless liberal socialists and marxists who control so much of our government and university systems. I’m not advocating a theocracy, I’m advocating the Judeo-Christian mindset that our country was founded upon. The U.S. constituion outlines these ideals very clearly.
Who is going to stand firm against despicable human rights violations, murder and brutality in the name of communism and totalitarianism? Show me one liberal socialist in America that is willing to fight and die for their social theories and I will show you 1000 God fearing christians who will fight and die for freedom and liberty for ALL mankind. We may be closer to this proving this point than any of us like.
Even the wild eyed muslims in Iraq grew tired of the stupidity and senslessness of their barbarism. They rightly called it the “Awakening” for good reason. A global awakening is on the horizon and it will come on the heels of global tribulation of biblical proportions. The Axis of Evil has become the Network of Evil around the globe!
Aug 31, 2008 - 11:06 am 2. colleen:“Gordon G. Chang is the author of The Coming Collapse of China”
Published 2001
lol lol lol
Aug 31, 2008 - 8:22 pm 3. Gordon G. Chang:colleen, The Coming Collapse of China predicts the failure of the Communist Party by the end of this decade, 2011. So you may want to hold off your laughing for a few years.
Sep 1, 2008 - 6:26 am 4. kabud:Gordon G. Chang:
thank you very much for this article
We know for a fact that Al Zawahiri, a real intelectual leader of Al Quada did his banking in China(PRP).
What do you think about this:
Sep 1, 2008 - 9:41 am 5. Gordon G. Chang:http://en.epochtimes.com/n2/united-states/flushing-1876.html
a good analysis is presented here- search page for JRN- he answers my questions just just above JRN on this link:
http://pajamasmedia.com/blog/defending-taiwan-is-defending-america/
kabud, many thanks for the link.
The Chinese government has for decades maintained networks of operatives in the United States to watch over Chinese nationals here and to organize them to protest and engage in other activities intended to influence American opinion. Intimidation has been one of Beijing’s favorite tactics. Washington needs to tell the Chinese government to stop these activities immediately.
Sep 1, 2008 - 2:15 pm 6. Our friends, the Chinese « Blogging for a free world:[...] Our friends, the Chinese September 1, 2008 Posted by Claudia in Islamism, economy, politics, terrorism. Tags: Bank of China, China, Hamas, Islamism, Palestine Islamic Jihad, terrorism, terrorism financing trackback After the magnificency of Chinese Olympic Games and the lack of world opposition to Chinese continous violation of Human Rights during them (if anyone voiced that opposition, he would be expelled from Chinese soil, now we get another news of what China is doing: [...]
Sep 1, 2008 - 2:51 pm 7. kabud:well, analysis of Chinese political and economical situation and Beijing secret union with Kremlin, well not that secret,
actually proves serious war preparation
and the goal of Chinese government is obviously the same as a goal of kremlin was and remains for decades:
total military destruction of USA and annexing our land
I am surprised you did not pay enough attention to the very insightful material
Chinese government will be wiped out by popular protests in the case of serious economical crisis
so the war with united states- is their ONLY way to survive
Same we can witness TODAY in the first phase of the war against strategic US interest in Georgia
Sep 1, 2008 - 4:48 pm 8. Douglas Bogle:Once again the American people and Gov,t reward our enemies. How, unions destroy our manuf, govt refuse to place tarifs on imported goods, and finally, everyone wants to buy cheap for inferior goods.
We shoot our on foot.
Stand up and fight.
Sep 2, 2008 - 10:45 am 9. Gordon G. Chang:Douglas Bogle, and there’s one more thing: the Bush administration is lax in enforcing the trade deals we have made with China. There’s no need for more agreements until we enforce the ones we have.
Sep 2, 2008 - 12:00 pm 10. Brian:Joshua-Right with you friend.We make a stand now and not wait for debate from the Left.
Sep 3, 2008 - 1:03 am 11. Pajamas Media » Disarming North Korea: Once-in-a-Generation Opportunity:[...] the United States (lasering our satellites, conducting daily cyber attacks, helping North Korea counterfeit our currency, etc.). We can stop our support for Beijing’s membership in international [...]
Oct 28, 2008 - 8:18 am