Global IP is investigating Boeing 's links to US start-up Global IP , which is backed by Chinese lender China Orient Asset Management . The inquiry follows a report in December by China Orient Asset Management about a contract between the Wall Street Journal and Boeing to build a satellite, which it was feared could later come under Chinese military control. In a letter to the Los Angeles-based startup Global IP, the SEC requested that the company retain all documents about its work with Boeing and a number of other individuals and entities, including state-owned Chinese lender China Orient Asset Management Co. ... US law prohibits the selling of satellites to US . Shortly after the WSJ story was published, Boeing said it had scrapped the contract, and the Commerce Department’s Bureau of Industry and Security revoked Boeing 's export licence.
Global IP is investigating Boeing 's links to US start-up Global IP , which is backed by Chinese lender China Orient Asset Management . The inquiry follows a report in December by China Orient Asset Management about a contract between the Wall Street Journal and Boeing to build a satellite, which it was feared could later come under Chinese military control. US law prohibits the selling of satellites to US . Shortly after the WSJ story was published, Boeing said it had scrapped the contract, and the Commerce Department’s Bureau of Industry and Security revoked Boeing 's export licence.