The US Securities and Exchange Commission is investigating Boeing's links to Los Angeles start-up Global IP, which is backed by Chinese lender China Orient Asset Management. Boeing has said it will not comment on the investigation. 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 China. 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.
The US Securities and Exchange Commission is investigating Boeing's links to Los Angeles start-up Global IP, which is backed by Chinese lender China Orient Asset Management. Boeing has said it will not comment on the investigation. US law prohibits the selling of satellites to China. 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.