reSee.it #47970

reSee.it

Token #47970

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Token ID	reSee.it #47970
𝕏 Link	https://x.com/_/status/1755346684882686226
Token URI	ipfs://bafybeig4g7qfyoztvjrbeaha64d2pknsq65erq3qr7eyrsw2o5gq2pidza
Saved Media	ipfs://bafybeihks5yp6m4hcp354spi23hwivxfyevztqivbty5ixaks7jr5jy2c4
Post ID	1755346684882686226
Embedded Post IDs	1755249026415427585
Tweet Created
Author	@S7gril
Author Name	Ava
Author Profile	https://x.com/S7gril
Chain	Polygon
Tweet Saved
First Archiver	@MarsNAO
Contract Address	0xe16ebd042074b7c971d62e544146d141c725f618

reSee.it

Token #47970

reSee.it AI Summary

I wonder how big corporations, including law firms, accounting firms, consultancy, big techs, and media, managed to secure so many CCP state-owned or CCP kleptocrats-controlled or -linked companies as clients. Connections are crucial in communist China, so how did they establish these connections with top CCP kleptocrats?

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@S7gril - Ava

Senator Hawley’s question needs to be answered by all big corporations, including law firms, accounting firms, consultancy, big techs, and media; How did they manage to get so many CCP state-owned or CCP kleptocrats-controlled or -linked companies located in China or beyond as their clients? We all know you need connections to make big bucks in communist China. So how did they establish the connection with the top CCP Kleptocrats?

@S7gril - Ava

McKinsey's last name is Communism, and its first name is Chinese Communist Party. https://t.co/96MhQD6BS1

Video Transcript AI Summary

The senator questions the speaker about their firm's client selection policy, specifically regarding their clients who are state-owned Chinese corporations. The speaker defends their rigorous selection process and claims to primarily work with multinational and private sector companies. However, the senator highlights that the firm has advised state-owned enterprises involved in activities contrary to US security interests. The speaker denies advising these specific companies but fails to provide satisfactory answers. The senator criticizes the firm for making substantial profits from both US enemies and the American taxpayer. The senator proposes a law to prohibit such activities and vows to push for a vote on it.

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Speaker 0: Did I hear you say in your opening statement, I'm gonna quote you now, we have the industry's most rigorous client selection policy. Did I get that right? Speaker 1: We believe that to be true, senator. Speaker 0: How is it then that you end up with so many clients who are state owned Chinese corporations hostile to the United Speaker 1: States? Thank you, Senator. So the basis for my answer was we've invested over $700,000,000 over the last several years to put in place a rigorous client selection process that looks at a whole series of factors. Speaker 0: Well, let's talk about some of your clients. Like the China Communications Construction Company, this is a firm that is blacklisted by the United States government. This is a state owned enterprise that is responsible for building artificial islands in the South China Sea, probably in direct contravention of international law, Certainly, in direct contribution to United States' security interests, you helped them develop their 5 year plan. Why is that a good idea? Speaker 1: Senator, our work in China, overwhelmingly works with, multinational companies, including many of those being US, and private sector No. Speaker 0: Actually, you've advised 22 of the 100 biggest state owned companies in in China. That's according to the New York Times. Let's talk about another one, the the Chinese Ocean Shipping Company. That's a state owned conglomerate that's played a key role in China's naval expansion I'm quoting from NBC News here and Beijing's bid to extend its global reach. This company has been given special status by the CCP and forms the core of China's defense industrial base. This company has provided logistical support to the Chinese Navy's escort operations in the Gulf of Aden, and experts say, I'm still quoting, It serves as the maritime logistical arm for the People's Liberation Army. You're advising them. How much money did you make on that contract? Speaker 1: No, senator. We're not advising them. Speaker 0: Neither Did you ever advise them? Speaker 1: Historically, we advised on none of the topics that, you had highlighted. Speaker 0: You you didn't advise the Chinese Ocean Shipping Company? Speaker 1: Not on the topics you described, sir. Speaker 0: Why is it a good idea to advise them at all? They're a state owned enterprise engaged in activity directly contrary to the security interest of this nation. Speaker 1: They are no longer a client of ours, sir. Speaker 0: Why did you advise on 22 of the 100 biggest Chinese state owned enterprises? Speaker 1: That number I don't believe is accurate, senator. Speaker 0: To do with money, does it? Speaker 1: I don't believe that number is accurate, senator. Speaker 0: How much money do you make off the United States government? Speaker 1: I don't know the size of our work with the US government, senator. Speaker 0: In 2021, you made more than $850,000,000 in consulting work for the federal government with Department of Defense is your top client. When you bid for those government contracts, did you disclose your work for these Chinese state owned enterprises that were conducting activity adverse to our national security? Did you disclose it to the Department of Defense? Speaker 1: Senator, we take, OCI incredibly seriously and have even gone beyond what is required around disclosures. So that's Speaker 0: a yes? Speaker 1: We take it incredibly seriously. We made all appropriate disclosure, senator. I'm happy to come back to you on any details, Specific to the work that we do on the Department of Defense. Speaker 0: That's not what that is not what news reports have found and news agencies who've looked into this. In fact, To quote NBC News again, in bidding on contracts with the Department of Defense, the US Navy, Customs and Border Protection, you did not disclose your work with Chinese enterprises in apparent conflict of interest. A report in 2021 showed, December of 2021, that you admitted to providing services only for provincial and local governments in China, But not for the central government in China. My question is, why should you be able to get any contracts in the United States government if you're gonna advise Foreign nations who are hostile to us and make gobs of money off of them. Why should you be getting US government contracts? Speaker 1: Senator, we've never worked with the Chinese Communist Party or the central government in China to the best of my knowledge. Speaker 0: You're working with state owned enterprises. This is this is China's not a democracy. They own these companies. These companies are doing the bidding of the Chinese military, and you're making money off of it hand over fist. My question is, I guess if you wanna do that, I I guess it doesn't violate the law. But I just wonder why is it that you should then be able to turn around and make 800 $50,000,000 in 1 year alone off the American taxpayer. I mean, explain that to me. Speaker 1: Senator, our work with the federal government, we stand behind. We bring Speaker 0: Well, I'm sure you do. It's incredibly lucrative. That's the problem. You make gobs of money off of our enemies, and then you turn around, you make gobs of money off of us. It's outrageous, frankly. Listen, you shouldn't be doing any work with the Chinese Communist Party, and any enterprise that they own or have have some share in. You shouldn't. And if you were serious about ethics, you wouldn't be doing it. But it's particularly outrageous that you then make money, Almost $1,000,000,000 in a year off the United States government, including the Defense Department. Now I am go I have introduced a law that would prohibit you from doing just this, And I will continue to push it until we get a vote on it.

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Details

Token ID	reSee.it #47970
𝕏 Link	https://x.com/_/status/1755346684882686226
Token URI	ipfs://bafybeig4g7qfyoztvjrbeaha64d2pknsq65erq3qr7eyrsw2o5gq2pidza
Saved Media	ipfs://bafybeihks5yp6m4hcp354spi23hwivxfyevztqivbty5ixaks7jr5jy2c4
Post ID	1755346684882686226
Embedded Post IDs	1755249026415427585
𝕏 Post Created
Author	@S7gril
Author Name	Ava
Author Profile	https://x.com/S7gril
Chain	Polygon
𝕏 Post Saved
First Archiver	@MarsNAO
Contract Address	0xe16ebd042074b7c971d62e544146d141c725f618

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