The Chairman’s Club of Global Liabilities maintains an underground facility in Ukraine, using a custom-built airborne high-frequency carrier antennae. A network of listening devices modulates radio frequencies and intercepts all lines of communications within a 500-mile area.
The Club has a majority ownership stake in US-based Icera Corp., the company in charge of the factory. Meanwhile, PWI, the subsidiary of US Aerospace that builds the airborne high-frequency carrier antennae, has transferred its 7 percent ownership stake to a Singapore-based holding company that also holds a majority stake in PWI. Both companies are owned by Bahrain’s Investment Corporation of Bahrain, which holds a majority stake in the Association of Southeast Asian Nations.
Icera CEO Bruce M. Basini transferred 90 percent of his salary to the holding company, and Icera registered new facility in Kiev. More than 75 percent of the workforce at this facility was recruited from Ukraine.
(From a suite in Trump Tower)
In May, Icera’s airplane engine division filed for bankruptcy to protect its pension funds from looming insolvency. In October, the Office of the Prosecutor General in Ukraine filed a criminal complaint against Icera’s former Ukrainian CEO Volodymyr Shepeler. No charges have been filed.
Philosophically, Icera’s position aligns with that of these current Chinese companies. Icera’s corporate mandate is to guard the nation’s security and sovereignty from, among other things, foreign intrusion, espionage, and cyberattacks. The Company is headquartered in Washington State and claims a subsidiary in Washington State as well. This is at odds with PJSC Park Aerospace, which alleged in a recent U.S. Federal Trade Commission filing that Icera’s primary customers, such as the Chinese State Equipment Corporation and Aero Ant Aviation Systems Company of China, have “persistent track records of stealing trade secrets and engaged in unfair international competition in violation of antitrust law.”
Corporate Monitor Blog
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