California’s Highest-Paid Govt Employee Worked for Org Tied to Chinese Espionage


 

(From The Washington Free Beacon)

Meng Yu, former chief investment officer of the California Public Employees’ Retirement System (CalPERS), received more than $1.7 million in total pay and benefits in 2019, according to the latest financial disclosures obtained by Transparent California, a taxpayer watchdog group.

Meng took the lead at the pension fund after China’s Thousand Talents Program recruited him to serve as the deputy CIO of China’s State Administration of Foreign Exchange (SAFE), a state-controlled entity. The FBI considers the Thousand Talents Program an example of “China’s non-traditional espionage against the United States” that seeks to recruit people to transfer U.S. trade secrets and taxpayer-funded research into the hands of the Chinese government.

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This article was originally posted here: https://www.ac2news.com/2020/12/californias-highest-paid-govt-employee-worked-for-org-tied-to-chinese-espionage/.

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