Suspicious $3M Donation From Chinese Shell Company to UPenn Raises Questions
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SpanishThe Washington Free Beacon reported that the University of Pennsylvania Public records show that a Hong Kong shell company closely tied to the Chinese government, Nice Famous Corporation, funneled $3 million to the Ivy League school.
The Hong Kong shell company is owned by a Shanghai businessman with deep ties to Chinese government officials.
The donation came from Xu Xeuqing, who has no apparent connection to the University of Pennsylvania and was previously embroiled in a Shanghai public corruption scandal, raises questions about the true source of the money. Documents reviewed by the Washington Free Beacon show Xeuqing has close ties to the Chinese Communist Party.
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