Last Updated: May 09, 2013
Treasury Department sued for records on suspicious approval of Chinese corporation takeover.
Judicial Watch, Inc. has sued the United States Department of Treasury to uncover documents that may confirm suspicious connections between Obama campaign donors and why the Obama Administration approved a recent corporate takeover. The takeover required the approval of the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by the secretary of the Treasury and includes the attorney general, the U.S. trade representative, and the secretaries of the Department of Homeland Security, Commerce, Defense, State, and Energy.
The Chinese government-owned Chinese National Offshore Oil Corporation (CNOOC) acquired the Canadian energy company Nexen Inc. This acquisition, with the Obama Administration approval, will allow CNOOC access to drilling for oil in northern Canada and the Gulf of Mexico. Because the oil industry is extremely profitable, the deal will provide a windfall of financial returns to major Obama campaign contributors.
Once our investigators ‘connected the dots’, we filed a Freedom of Information Act (FOIA) request to the Department of Treasury for documents related to the approval of the takeover. You can read the FOIA request here.
Judicial Watch, Inc. has yet to receive any response and it is well beyond the federal deadline of 20 business days that forces agencies to respond to FOIA requests. Now, Judicial Watch has sued once again in the interest of integrity, transparency, and accountability in government and fidelity to the rule of law. You can read the lawsuit here.
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