REPORT: Russians Gave $35 Million to Clinton-Affiliated Company

  • 04/05/2019 12:00 AM
  • Source: AAN
  • by: AAN Staff
REPORT: Russians Gave $35 Million to Clinton-Affiliated Company
Voice of America [Public domain]
John Podesta, Hillary Clinton's 2016 campaign manager, finds himself at the center of a potential Russian collusion scandal that almost no one has investigated.

From January 2011 to January 2014, Podesta served on the board of Joule Unlimited, a now-defunct producer of alternative energy technologies. Podesta resigned after accepting the job of Counselor to President Barack Obama. He previously served President Bill Clinton as his chief of staff.

Somehow during Podesta's three-year tenure at Joule Unlimited, a substantial investment by a Russian state-run firm escaped scrutiny by the Committee on Foreign Investment in the United States (CFIUS). 

Breitbart's Michael Patrick Leahy reports:

In September 2011, eight months after Podesta joined the board of Joule Unlimited, Rusnano, a venture capital fund wholly owned by the Russian government, announced it was investing one billion Russian rubles, $35 million, in the company, which accounted for 46 percent of the $75 million invested in it up to that time from its launch in 2007. Founders Afeyan Noubar and Dr. David Berry invested an estimated $10 million in the 2007 first round. The venture firm Noubar heads, Flagship Ventures – now known as Flagship Pioneering – led a second-round investment of  $30 million in 2010, as the Boston Globe reported.

Curiously, the CFIUS failed to initiate a review of the transaction despite statutory and administrative guidelines that any such transaction in which a foreign country or foreign company obtained more than a ten percent interest in an American company was reviewable.


That failure of CFIUS to scrutinize the Russian government’s investment in Joule Unlimited fit the pattern established by the Russian “reset” established by Hillary Clinton when she was confirmed as Secretary of State, as an August 2016 report from the Government Accountability Institute noted:

Technological cooperation and investment deals seemed to be the sort of “win-win” deals President Obama said he sought. But as we will see, the Clintons and close aides appear to have personally benefitted from such deals. And these deals also raised serious questions from the FBI, the U.S. Army, and foreign governments that the Russian military was benefitting from them as well.

While employed by Joule Unlimited, Podesta served alongside Anatoly Chubais, one of Vladimir Putin's top lieutenants, according to a press release still available today.
 Source: AAN
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