Time: Wed Jul 09 16:19:43 1997
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Date: Wed, 09 Jul 1997 16:14:39 -0700
To: (Recipient list suppressed)
From: Paul Andrew Mitchell [address in tool bar]
Subject: SLS: Huang Firm May have funneled funds from Lippo group (fwd)
<snip>
>
> Huang Firm May Have Funneled Funds From Lippo
>
> WASHINGTON (Reuter) - A real estate holding company run by former
> Commerce Department official John Huang while he worked for financial
> conglomerate Lippo Group apparently was used to funnel money from
> Indonesia into U.S. election campaigns, the Washington Post reported
> in its Monday editions.
>
> The newspaper, quoting sources close to a Senate probe into campaign
> finance activities, said Senate investigators had found documents that
> showed Hip Hing Holdings Ltd., part of the Lippo Group, received
> regular injections of foreign funds, and gave about $79,000 in
> political contributions.
>
> Another report, in Monday's New York Times, said President Clinton
> took a personal interest in the hiring of Huang.
>
> Huang, a former fund-raiser for the Democratic National Committee, has
> emerged as a central figure in the campaign fund-raising scandal. He
> formerly headed Lippo's U.S. operations and was Hip Hing's vice
> president, before joining the Commerce Department.
>
> Tennessee Republican Sen. Fred Thompson and his Senate Governmental
> Affairs Committee will begin hearings Tuesday to determine whether
> China and other foreign interests sought to influence U.S. foreign
> policy by helping Clinton and the Democratic Party with illegal
> political contributions.
>
> It is illegal under U.S. election law for noncitizens or nonlegal
> residents to contribute to campaigns, or for anyone to contibute in
> someone else's name. Any money donated by corporations must come from
> income generated in the United States.
>
> The documents obtained by Senate investigators showed that Hip Hing
> Holdings did not generate enough income to cover the political
> contributions it made to local, state and federal campaigns from 1991
> to 1993, the Post said.
>
> The investigators were also examining whether funds from Hip Hing
> might have been used to reimburse Lippo executives for political
> contributions, according to the newspaper report.
>
> Huang and Charles Yah Lin Trie, a former Arkansas restaurant owner and
> longtime friend of Clinton, raised nearly $4 million from
> Asian-American sources during the 1996 presidential campaign, but the
> Democratic National Committee has returned $1.6 million in
> questionable contributions raised by Huang and $645,000 donated or
> raised by Trie.
>
> Huang has made clear he would invoke the Fifth Amendment against
> self-incrimination if called to testify, but he still might be forced
> to appear.
>
> In New York, the Times reported in Monday's editions that President
> Clinton approached the Democratic National Committee on behalf of
> Huang, and administration officials strongly urged the committee to
> hire Huang so he could begin soliciting funds from Asian-Americans.
>
> Clinton took personal interest in the hiring of Huang, going so far as
> to ask the committee's finance chairman in November 1995 whether Huang
> would be hired, the newspaper said.
>
> The paper attributed the information to Congressional investigators.
>
> Five days after the conversation in which Clinton told the finance
> chairman that Huang had come "highly recommended", Huang was hired as
> the committee's vice chairman of finance, the Times reported.
> _________________________________________________________________
>
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========================================================================
Paul Andrew Mitchell : Counselor at Law, federal witness
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