posted on Nov, 28 2003 @ 09:38 AM
A leaked court transcript published in US newspapers on Tuesday includes details of Neil Bush's consultancy contract signed in August last year with
a computer chip firm, Grace Semiconductor Manufacturing of Shanghai, whose main investors include Jiang Mianheng, son of Jiang Zemin, the former
Chinese president, who held a summit with President Bush in Texas in October last year and who remains chairman of China's powerful Central Military
The consultancy was proposed by Winston Wong, a founder of Grace Semiconductor who is the son of Wang Yung-ching, founder of Taiwan's biggest
business group, Formosa Plastics. Mr Wong had been an investor since 2000 in an Austin, Texas, company started by Neil Bush to provide internet
Under the contract, Neil Bush, 48, is to receive $US2 million worth of Grace Semiconductor preferred stock paid in annual instalments of $US400,000
over five years, in return for providing the company "from time to time with business strategies and policies; latest information and trends of the
related industry, and other expertised advices".
In a deposition filed with the Houston court in March, a lawyer asked Neil Bush: "You have absolutely no educational background in semiconductors,
do you?" "That's correct,"
Mr Bush said.
DOn't forget CIA Spook-in-Charge, Poppa Bush being a "diplomat" to China under Nixon.
Or Uncle Prescott:
He was criticized in 1989 for visiting China to meet with business and government leaders just three months after the Tiananmen Square massacre, in
which army troops fired at pro-democracy demonstrators.
His Shanghai partnership with the Japanese firm Aoki in 1988 proved embarrassing when revelations surfaced that Aoki at the same time was allegedly
trying to get business contracts by bribing Panamanian leader Manuel Noriega, whom the first President Bush later ousted from power.
His connections to an American firm, Asset Management, came into question in 1989, when the company was the only U.S. firm able to skirt U.S.
sanctions and import communications satellites into China.
When Asset Management went bankrupt later that year, Bush's deal to arrange a buyout through West Tsusho, a Japanese investment firm, raised
eyebrows. Newspapers reported that Japanese police were investigating West Tsusho's alleged ties to organized crime.
And don't forget Prescott being in China, negotiating business deals with the Chinese President
, while our plane & it's crew
hostage by the CHICOM.
Family values, morals, patriotism...Bushes? If it's good for business.