China-Prince-Ematum link confirmed – By Joseph Hanlon

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China-Prince-Ematum link confirmed – By Joseph Hanlon

2:18 CAT | 04 May 2018

Blackwater Chief Executive Erik Prince testifies before the House Oversight and Government Reform Committee on security contracting in Iraq and Afghanistan on Capitol Hill in Washington, October 2, 2007. Blackwater, under investigation over deadly incidents in Iraq, defended its role on Tuesday, but lawmakers took aim at the company's actions in a Sept. 16 shooting in which 11 Iraqis were killed. REUTERS/Larry Downing (UNITED STATES) - RTR1UID4

Eric Prince, founder of Balckwater (in file CoM)

As he said he would in November, Erik Prince’s Frontier Services Group (FSG) is to take half of Ematum, the secret debt fishing company; the joint company will be renamed Tunamar, Prime Minister Carlos do Rosario told parliament on 12 April. He said all Ematum boats would be operating by the end of the year. Prince founded the notorious Blackwater security company, and is chair of FSG. The biggest shareholder in FSG is Citic, a Chinese state investment company, and FSG’s literature stresses its alignment with China’s Belt & Road Initiative. Prince is also expected to partner with Proindicus, another of the secret loan companies. (Zitamar 12 Apr) Government gave $1 mn to Ematum in 2017, according to @Verdade (8 Jan).

By Joseph Hanlon

Source: News, reports & clippings