The Small Business Administration’s watchdog has been asked to investigate after a Virginia radio company that was paid millions of dollars to broadcast Chinese Communist Party propaganda received more than $100,000 through the Paycheck Protection Program.
Potomac Radio Group, which registered this month under the Foreign Agents Registration Act for its work for Chinese state-run China Global Television Network, received a loan for $106,228 through the SBA in April 2020, with the loan forgiven by the U.S. government eight months later. A source familiar with the matter told the Washington Examiner that SBA has had fraud experts undertake a post-forgiveness review of the loan and has also referred the controversy to the SBA inspector general to investigate.
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