The recent sale of farmland in Texas has sparked concerns about national security and raised questions about the actions of local mogul David Frankens. Frankens is facing criticism for allegedly selling large amounts of land to Chinese billionaire Sun Guangxin at double the market value. Sun's extensive ties to the Chinese Communist Party have caused alarm, leading to concerns about the potential security risks associated with the deal. Adding to the controversy, Frankens has also been accused of assaulting a former ranch manager.
The land deal in question has been met with controversy and outrage. Local realtors claim that Frankens made millions of dollars in profit by purchasing the land and then quickly selling it to Sun at nearly double its market value, all on the same day. Sun, a former Chinese military captain known for his close ties to Beijing, acquired over 130,000 acres of farmland for approximately $110 million between 2016 and 2018. The transaction has raised concerns among ranchers in Val Verde County, and a report by former CIA officials has suggested that Sun's connections to the CCP could classify him as a national security risk.
In addition to the land deal, Frankens is now facing assault allegations from a former ranch manager. This coincided with the announcement of a Chinese firm taking over the ranch, further adding to the controversy surrounding Frankens' actions. Land deeds have revealed that Frankens quickly sold properties to Sun's subsidiary at double the market rate, generating substantial profits. This has led to questions about the motives behind these transactions and the potential impact on national security.
Governor Greg Abbott has responded to the situation by enacting the Lone Star Infrastructure Act, which prohibits businesses from "hostile nations," including China, from accessing state infrastructure. The extensive land ownership by a Chinese billionaire in Val Verde County has left local residents puzzled, but it has become clear that Frankens played a central role in facilitating these acquisitions. Frankens has denied the assault allegations and has stated that his initial deal with GH America, Sun's subsidiary, happened accidentally through a broker. He has also emphasized his belief in Sun's commitment and generosity, considering him a friend.
Overall, the sale of farmland to a Chinese tycoon has raised significant security concerns in Texas. The involvement of David Frankens and his alleged profiting from the transactions, along with his assault allegations, have added to the controversy surrounding the deal. The extent of Sun Guangxin's connections to the CCP and his potential threat to national security has also come under scrutiny. These issues highlight the importance of considering the implications of such
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