War Capital: Blackwater Founder Draws Scrutiny for $1 Trillion China Deal

Business

A former US Navy Seal-turned businessman who has seen his global mercenary moves continually turn a profit has gone for broke in China following massive investment from Beijing.

US businessman Erik Prince, described as America’s foremost mercenary executive, is drawing increasing scrutiny for signing his guns-for-hire corporation out to a state-run Beijing company investing in building what are thought to be concentration camps in the deep central desert of China.

Associated with a seemingly ever-growing list of mercenary businesses including Blackwater, Xe and Academi, Prince’s latest gambit, the Hong Kong-based Frontier Services Group (FSG), has inked a deal to enter into a trillion-dollar set of agreements that will worsen what many note is an ongoing human rights disaster in central China, according to Bloomberg.

Prince stepped down as the head of FSG in December 2018, allowing Beijing’s powerful state-run financial services company CITIC — formerly China International Trust Investment Corporation — to take the reigns of the company, although the US-born war profiteer retains a deputy-chairmanship and a nine-percent stake.

FSG’s new contract with Beijing to build alleged prison camps in central China to house an estimated 1 million ethnic detained by the current regime of the country’s president, Xi Jinping, has drawn deep criticism, including from within the infrastructure of the US…

Continue Reading This Article At Sputnik News

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