Tag Archives: corruption

Ex-New York Assembly Speaker Silver found guilty in second corruption trial

Ex-New York Assembly Speaker Silver found guilty in second corruption trialBy Brendan Pierson NEW YORK (Reuters) – Former New York Assembly Speaker Sheldon Silver was found guilty of corruption charges on Friday by a jury in Manhattan federal court after an appeals court threw out an earlier conviction. Silver, 74, was charged with directing state money to a prominent cancer researcher and supporting a real estate developer’s interests on rent legislation in exchange for about $ 4 million in bribes and kickbacks. Silver was found guilty of all seven counts against him, including honest services fraud and extortion.



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Jury convicts ex-Assembly leader in public corruption trial

Jury convicts ex-Assembly leader in public corruption trialNEW YORK (AP) — A jury convicted former New York Assembly Speaker Sheldon Silver of public corruption charges Friday, dashing the 74-year-old Democrat's second attempt to avoid years in prison after a decades-long career as one of the most powerful politicians in state government.



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Saudi Arabian corruption detainees may face terrorism-focused courts

Saudi Arabian corruption detainees may face terrorism-focused courtsSaudi Arabia’s public prosecutor has begun processing the cases of 56 men detained in the country’s sweeping anti-corruption purge late last year, an official said on Sunday. The 56 are still in Saudi government custody after failing to be exonerated or reach financial settlements with the government. The shock crackdown in November 2017 saw a new Supreme Anti-Corruption Committee round up 381 corruption suspects on Crown Prince Mohammed bin Salman’s orders, with many confined and interrogated. Just 30 or so of the men’s identities were released. The list of names included top officials, members of the Saudi royal family, and global investor Prince Alwaleed bin Talal. More than 2,000 bank accounts were frozen and private jets were grounded as detainees were rounded up and, in many cases, held in Riyadh’s opulent Ritz-Carlton hotel. In January, Saudi Arabia’s attorney general released a statement saying it had completed its review of cases and would release all those who had paid settlements or against whom it did not have enough evidence. The rise of MBS It estimated the value of settlements at 400 billion Saudi riyals (more than £75 billion) “represented in various types of assets, including real estate, commercial entities, securities, cash and other assets.” On Sunday, the Saudi government announced that the public prosecutor had begun investigations and opening arguments in the corruption cases of the 56 men still in custody. According to deputy attorney general for investigations Saud al-Hamad, the charged men will be referred to court for prosecution in cases related to money laundering or terrorism. Mr Hamad said some of those under investigation hadn’t respected confidential agreements, while others committed further, as yet unspecified, offences. The anti-corruption campaign was framed as part of Mohammad bin Salman’s push to transform Saudi’s oil-dependent economy, which has been long plagued by graft, and make it more modern, diversified, and capable of withstanding diving oil prices. But critics say the blanket of secrecy that has cloaked proceedings, as well as the lack of detail on financial settlements reached, suggests it was more about gathering cash and shoring up the crown prince’s growing authority than tackling corruption.



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Rep. Ted Lieu Urges Trump To Keep Pruitt As Symbol Of Administration's Corruption

Rep. Ted Lieu Urges Trump To Keep Pruitt As Symbol Of Administration's CorruptionWhile Rep. Ted Lieu (D-Calif.) has railed against Scott Pruitt, he quipped



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Rep. Ted Lieu Urges Trump To Keep Pruitt As Symbol Of Administration's Corruption

Rep. Ted Lieu Urges Trump To Keep Pruitt As Symbol Of Administration's CorruptionWhile Rep. Ted Lieu (D-Calif.) has railed against Scott Pruitt, he quipped



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Israeli police question Netanyahu in corruption case

Israeli police question Netanyahu in corruption caseBy Maayan Lubell JERUSALEM (Reuters) – Israeli police questioned Prime Minister Benjamin Netanyahu and his wife Sara on Friday for the first time in a corruption case that involves the country’s largest telecommunications company, Israel Radio said. Israeli police confirmed that an anti-corruption unit had questioned the couple for several hours each, but did not say whether the questioning was in connection with the case of Bezeq Israel Telecom. The case is one of at least four investigations surrounding the four-term prime minister or his associates announced last month, which have put his political survival in jeopardy.



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Netanyahu confidants named as suspects in new corruption probe

Netanyahu confidants named as suspects in new corruption probeBy Jeffrey Heller and Tova Cohen JERUSALEM (Reuters) – Israeli police revealed on Tuesday they had arrested the controlling shareholder and CEO of the country’s biggest telecoms company, as well as two former officials with close ties to Prime Minister Benjamin Netanyahu, in a corruption case. The arrests in the investigation dubbed “Case 4000″ came just days after police recommended Netanyahu himself be indicted for bribery and fraud in other cases, known as “1000″ and “2000″. Shaul Elovitch, a family friend of Netanyahu’s who controls telecoms firm Bezeq through his Eurocom holding company, was arrested along with his wife, his son and Bezeq’s CEO Stella Handler.



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Guilt, fines remain hazy as Saudi corruption purge draws to close

Guilt, fines remain hazy as Saudi corruption purge draws to closeBy Stephen Kalin and Reem Shamseddine RIYADH (Reuters) – Saudi Arabian media magnate Waleed al-Ibrahim was found innocent in an anti-corruption purge, a source at his company said on Monday, part of a wider campaign against graft whose secrecy could hurt the country’s effort to win foreign investment. Ibrahim, who controls influential regional broadcaster MBC, was one of at least half a dozen top businessmen freed from more than two months of detention at the weekend after being interrogated by officials who said they aimed to recover $ 100 billion of illicit funds. The officials said all of the men, who included billionaire global investor Prince Alwaleed bin Talal, had agreed to financial settlements after admitting to unspecified “violations”.



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Saudi Ritz Carlton to reopen after being used as luxury prison in corruption purge

Saudi Ritz Carlton to reopen after being used as luxury prison in corruption purgeThe luxury Riyadh hotel used as a prison during Saudi Arabia's crackdown on corruption will reopen for business next month, suggesting authorities are close to settling the cases of many suspects. Dozens of princes, senior officials and top businessmen were detained and confined in the five-star Ritz-Carlton Riyadh as the government launched the purge in early November. The some 200 detainees occupied half the hotel's 492 rooms. The rest was closed to business. The hotel's website now accepts bookings from Feb. 14, quoting a nightly rate for its cheapest room of 2,439 riyals (£480). Saudi authorities have said they expect the vast majority of suspects to agree to financial settlements of charges against them, and that Riyadh hopes to recover about $ 100 billion of illicit funds. A small number are expected to be prosecuted. Construction giant Saudi Binladin Group said on Saturday that some of its shareholders might transfer part of their holdings to the state in a settlement with authorities. Chairman Bakr Bin Laden and several family members were detained in the crackdown. In late November, senior Saudi Prince Miteb bin Abdullah, once seen as a leading contender to the throne, was freed after reaching a settlement with authorities that involved paying more than $ 1 billion, according to a Saudi official. Another top businessman who has been held at the Ritz-Carlton is billionaire Prince Alwaleed bin Talal, chairman and owner of global investment firm Kingdom Holding. A Saudi official said this week that he was negotiating a possible settlement but so far had not agreed on terms. It has been rumoured, Mr Talal, one of the world’s richest men, could be forced to pay as much as $ 7bn. Saudi Arabia is in the midst of a massive political and economic shake-up, marked by the sudden appointment of Prince Mohammed bin Salman as crown prince in June. The 32-year-old son of the king has spearheaded the unprecedented crackdown on corruption among members of the government and royal family, as he consolidates his grip on power in the kingdom.



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Saudi Arabia to seek extradition of corruption suspects

Saudi Arabia to seek extradition of corruption suspectsSaudi Arabia’s public prosecutor has said he will pursue extradition for corruption suspects living abroad as part of a two-month-old crackdown that has already netted princes and tycoons. Evidence is being collected against “fugitives” in order to issue indictments against them and request that foreign governments return them to the kingdom, Saud al-Muajab told Arrajol magazine in an interview published on Thursday. Saudi security forces have rounded up dozens of members of the political and business elite, holding them in Riyadh’s opulent Ritz Carlton hotel on the orders of Crown Prince Mohammed bin Salman.



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