Accusations of the Asian Investment Bank being biased towards China; Beijing responds

(AFP)
A former executive director of the Asian Infrastructure Investment Bank (AIIB) said that this institution “serves the interests” of China, and accused the Chinese Communist Party of exercising “excessive” influence in it, while Beijing defended the bank’s “transparency”.
Canadian Bob Picard added to “Agence France Presse”, Thursday, that the bank, which is supposed to be multilateral, is not, considering that it is “a resource for the geopolitical goals of the People’s Republic of China (…) in practice, I think it serves the interests of China.”
He stated that “members of the Chinese Communist Party dominate the institution, which mainly finances projects in the interest of Beijing.”
Picard, 58, who was in charge of communications at the bank, made these accusations after he recently resigned from his job and left China quickly to ensure his security, he told AFP.

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Bob Pickard
@BobPickard

I have tendered my resignation as the global comms chief of

. As a patriotic Canadian, this was my only course. The Bank is dominated by Communist Party members and also has one of the most toxic cultures imaginable. I don’t believe that my country’s interests are served by its AIIB membership.

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