CCP-Linked Firms May Have Received More Than $400 Million in Virus Relief Loans
Federal tax officials should launch a forensic audit and investigation of more than 125 U.S. firms with significant links to the Chinese Communist Party (CCP) that received up to $420 million in Paycheck Protection Program (PPP) loan funds last year, according to the founder of a citizens group devoted to government transparency.
“Communist Chinese defense contractors used a legal loophole to hijack up to $400 million meant for small businesses on Main Street at the peak of the pandemic. It’s time to forensic audit these firms. On behalf of the American taxpayer and mom and pop businesses everywhere, the IRS must investigate and claw back any ill-gotten gains,” Open the Books founder and Chief Executive Officer Adam Andrzejewski told The Epoch Times on May 3.
AVweb
Marlborough, MA – April 12, 2021 – Approach Aviation announced a new set of tools designed for proper installation, removal and testing of alternator drive couplings found on many Continental Aerospace Technologies piston engines.
The alternator drive coupling plays an important role in engines with direct-drive, gear-driven alternators. The coupling provides a shear point; protecting the engine from damage should the alternator fail. However, it is imperative that the coupling be installed properly and inspected every 500 hours or any time that the alternator is removed from the aircraft. This critical component has been the subject of several Service Bulletins (SBs) and Special Airworthiness Information Bulletins (SAIBs) because an out-of-tolerance or improperly installed coupling can lead to catastrophic engine failure.