Even with Trump warning, Mueller likely to probe finances

Robert Mueller. (AP file photo)
Updated 21 July 2017
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Even with Trump warning, Mueller likely to probe finances

WASHINGTON: President Donald Trump’s growing anxiety about the federal Russia probe has spilled into public view with his warning that special counsel Robert Mueller would be out of bounds if he dug into the Trump family’s finances. But that’s a line that Mueller seems sure to cross.
Several of Trump’s family members and close advisers have already become ensnared in the investigations, including son Donald Trump Jr. and son-in-law and White House senior adviser Jared Kushner. Probing the family’s sprawling business ties would bring an investigation the president has called a partisan “witch hunt” even closer to the Oval Office.
Trump told The New York Times it would be a “violation” of Mueller’s formal charge if he looked into the president’s personal finances.
That comment came amid news reports that the special counsel is interested in Trump’s business transactions with Russians and with one of his main lenders, Deutsche Bank.
In the same interview with the Times, Trump also lashed out at Attorney General Jeff Sessions; James Comey, the FBI director he fired; Andrew McCabe, the acting FBI director who replaced Comey, and Deputy Attorney General Rod Rosenstein, who appointed the special counsel. The president’s comments were a reminder of Trump’s willingness to target his own appointees and blur lines that have traditionally existed between the White House and Justice Department investigations.
White House spokeswoman Sarah Huckabee Sanders said Thursday that Trump had no intention of firing Mueller “at this time,” but she did not rule out doing so in the future. She also reiterated Trump’s concern about the scope of Mueller’s investigation, saying it “should stay in the confines of meddling, Russia meddling, and the election and nothing beyond that.”
California Rep. Adam Schiff, top Democrat on the House intelligence committee, said Mueller has the authority to investigate any ties the Trump family has to Russia, “including financial, and anything that arises. That is his duty.”
William Jeffress, a longtime defense attorney at Baker Botts who represented former President Richard Nixon, said Mueller’s inquiry will almost certainly involve examining financial information as he looks for any connections between Trump associates and Russia. And he said Trump’s threats toward Mueller aren’t helping his case.
“If I were his lawyer, I would be telling him to dial it down,” Jeffress said.
The White House push against the special counsel’s probe comes as the outlines of the investigation are beginning to become clearer.
Bloomberg reported Thursday that Mueller’s investigators are looking into Trump business transactions with Russians including apartment purchases in his buildings, a controversial New York development project, the multimillion-dollar sale of a Florida home and the 2013 Miss Universe pageant held in Moscow.
The Times also reported that federal investigators have been in talks with Deutsche Bank about obtaining records related to his finances, and that the bank expects it will have to provide information to Mueller.
Deutsche Bank has been one of the few major institutions willing to regularly lend to Trump, who alienated large banks in New York with his past financial troubles and confrontational behavior as a borrower. Over the years, the bank’s cumulative loans to Trump add up to billions, and loans originally worth $300 million remain outstanding.
But lending to Trump hasn’t always been easy for Deutsche Bank. In 2008, he sued the bank for $3 billion after he defaulted on a loan for Trump Tower Chicago, using a novel legal theory that he shouldn’t be held to the terms of his contract due to Deutsche Bank’s involvement in the broader financial crisis.
That eventually led the bank to grant Trump some concessions on the loan, but the suit scarred his relationship with its commercial lending division. Afterward, Deutsche’s Trump relationship was transferred to Rosemary Vrablic, a banker in Deutsche’s private wealth division.
Democrats have seized on Trump’s relationship with the bank. Rep. Maxine Waters of California, the ranking Democrat on the House Financial Services Committee, has called for the Treasury Department to turn over any documents related to the relationship between the bank and Trump or his family members. She also called on Treasury to turn over any evidence of financial dealing between Trump and Russian banks or government officials. So far, her requests have been rebuffed because Republicans have not signed on.
Trump has denied having any financial dealings with Russia, though the spotlight on his business connections there has intensified since the revelation that a meeting between members of the Trump’s campaign’s inner circle and a Russian lawyer was brokered by a wealthy family involved in Trump’s 2013 Miss Universe contest in Moscow.
The Associated Press reported in June that Mueller’s investigation already included the financial dealings of former Trump campaign chairman Paul Manafort.
Trump Jr., Kushner and Manafort are being called before Senate committees next week to talk about the 2016 campaign, though it’s not yet clear if all three will agree to appear. They will almost certainly face questions about their attendance at the June 2016 meeting arranged via e-mails that advertised it would reveal damaging information about Trump’s Democratic rival, Hillary Clinton.
According to e-mails released by the younger Trump, the meeting was put together at the request of Emin Agalarov, a Moscow-based pop singer, whose real-estate tycoon father, Aras, paid $20 million for Trump to stage the Miss Universe contest in Moscow in 2013.
Trump spent considerable time with the Agalarovs while in Moscow, attending the younger Agalarov’s birthday party and appearing alongside him in a music video. Trump also explored the idea of partnering with Aras Agalarov in a Trump Tower in Moscow, though the deal never materialized.
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Associated Press writers Ken Thomas, Jeff Horwitz, Jonathan Lemire and Eric Tucker in Washington and David Pitt in Des Moines, Iowa, contributed to this report.


North Korea troops in Ukraine war ‘extremely significant’ for east Asia security: Japan minister

Updated 3 sec ago
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North Korea troops in Ukraine war ‘extremely significant’ for east Asia security: Japan minister

“We are seriously concerned over this development, and strongly condemn it,” said Tokyo’s foreign minister Takeshi Iwaya

KYIV: Japan’s foreign minister warned Saturday that North Korean troops entering the Ukraine conflict would have an “extremely significant” effect on east Asian security, with Pyongyang reportedly deploying troops to Russia’s border Kursk region.
“This will not only deepen the severity of the Ukraine situation, but also have extremely significant implications for east Asia’s security situation,” Tokyo’s foreign minister Takeshi Iwaya said while on a visit to Kyiv, pledging further support. “We are seriously concerned over this development, and strongly condemn it.”

Iran ‘categorically’ denies envoy’s meeting with Musk

Updated 16 November 2024
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Iran ‘categorically’ denies envoy’s meeting with Musk

TEHRAN: Iran’s foreign ministry spokesman on Saturday “categorically” denied The New York Times report on Tehran’s ambassador to the United Nations meeting with US tech billionaire Elon Musk, state media reported.
In an interview with state news agency IRNA, spokesman Esmaeil Baghaei was reported as “categorically denying such a meeting” and expressing “surprise at the coverage of the American media in this regard.”
The Times reported on Friday that Musk, who is a close ally of President-elect Donald Trump, met earlier this week with Iran’s ambassador to the UN, Amir Saeid Iravani.
It cited anonymous Iranian sources describing the encounter as “positive.”
Iranian newspapers, particularly those aligned with the reformist party that supports President Masoud Pezeshkian, largely described the meeting in positive terms before Baghaei’s statement.
In the weeks leading up to Trump’s re-election, Iranian officials have signalled a willingness to resolve issues with the West.
Iran and the United Stated cut diplomatic ties shortly after the 1979 Islamic revolution that toppled the US-backed shah of Iran, Mohammed Reza Pahlavi.
Since then, both countries have communicated through the Swiss embassy in Tehran and the Sultanate of Oman.


Indian private university opens first international campus in Dubai

Updated 16 November 2024
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Indian private university opens first international campus in Dubai

  • Indian FM inaugurated the Dubai campus of Symbiosis International University on Thursday
  • Under national education policy, New Delhi wants to internationalize Indian education system

New Delhi: A private Indian university has opened its first international campus in Dubai this week, marking a growing education cooperation between New Delhi and Abu Dhabi. 

Symbiosis International University is a private higher education institution based in the western Indian city of Pune with at least five other campuses operating across the country, offering undergraduate, postgraduate and doctorate-level programs. 

It is considered one of the top private business schools in the South Asian country, ranking 13th in management in the Indian Ministry of Education’s National Institutional Ranking Framework. 

SIU’s Dubai campus, which will offer management, technology and media and communications courses, was officially inaugurated on Thursday by Indian Foreign Minister S. Jaishankar and Sheikh Nahyan bin Mubarak, the UAE minister of tolerance and coexistence. 

“I am sure that this campus will foster greater collaboration and research linkages between scholars of India and UAE, for mutual prosperity and global good,” Jaishankar said during the ceremony. 

“(The) ceremony is not just an inauguration of a new campus; it is a celebration of the growing educational cooperation between our two countries. Right now, Indian curriculum and learning is being imparted through more than 100 International Indian Schools in UAE, benefitting more than 300,000 students.”

Under India’s National Education Policy 2020, New Delhi aims to internationalize the Indian education system, including by establishing campuses abroad. 

Another top Indian school, the Indian Institute of Technology-Delhi, began its first undergraduate courses in September, after starting its teaching program in January with a master’s course in energy transition and sustainability. 

Initially launched in September with more than 100 students, the SIU Dubai Campus is the first Indian university in Dubai to start operations with full accreditation and licensing from the UAE’s top education authorities, including the Ministry of Education. 

“A university setting up a campus abroad is not just a bold step, but a concrete commitment to the goal of globalizing India. They certainly render an educational service, but even more, connect us to the world by strengthening our living bridges,” Jaishankar added as he addressed the students. 

Dr. Vidya Yeravdekar, pro-chancellor of Symbiosis International University, said that the school’s establishment in Dubai was in line with the UAE’s education goals. 

“Internationalization is central to the UAE’s educational vision,” Yeravdekar said on Friday. 

“By opening our campus in Dubai, we are creating a gateway for students from around the world to engage in a truly global academic experience, where they can benefit from international faculty, real-world industry collaborations, and a curriculum that meets the needs of a changing world.”


Russia captures two villages in eastern Ukraine, defense ministry says, according to agencies

Updated 16 November 2024
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Russia captures two villages in eastern Ukraine, defense ministry says, according to agencies

MOSCOW: Russian forces have captured the villages of Makarivka and Leninskoye in Ukraine’s Donetsk region, Russian news agencies reported on Saturday, citing the Russian Defense Ministry.


UN climate chief asks G20 leaders for boost as finance talks lag

Updated 16 November 2024
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UN climate chief asks G20 leaders for boost as finance talks lag

  • Negotiators at the COP29 conference in Baku struggle in their negotiations for a deal intended to scale up money to address the worsening impacts of global warming

BAKU: The UN’s climate chief called on leaders of the world’s biggest economies on Saturday to send a signal of support for global climate finance efforts when they meet in Rio de Janeiro next week. The plea, made in a letter to G20 leaders from UN Framework Convention on Climate Change Executive Secretary Simon Stiell, comes as negotiators at the COP29 conference in Baku struggle in their negotiations for a deal intended to scale up money to address the worsening impacts of global warming.
“Next week’s summit must send crystal clear global signals,” Stiell said in the letter.
He said the signal should support an increase in grants and loans, along with debt relief, so vulnerable countries “are not hamstrung by debt servicing costs that make bolder climate actions all but impossible.”
Business leaders echoed Stiell’s plea, saying they were concerned about the “lack of progress and focus in Baku.”
“We call on governments, led by the G20, to meet the moment and deliver the policies for an accelerated shift from fossil fuels to a clean energy future, to unlock the essential private sector investment needed,” said a coalition of business groups, including the We Mean Business Coalition, United Nations Global Compact and the Brazilian Council for Sustainable Development, in a separate letter.
Success at this year’s UN climate summit hinges on whether countries can agree on a new finance target for richer countries, development lenders and the private sector to deliver each year. Developing countries need at least $1 trillion annually by the end of the decade to cope with climate change, economists told the UN talks.
But negotiators have made slow progress midway through the two-week conference. A draft text of the deal, which earlier this week was 33-pages long and comprised of dozens of wide-ranging options, had been pared down to 25 pages as of Saturday.
Sweden’s climate envoy, Mattias Frumerie, said the finance negotiations had not yet cracked the toughest issues: how big the target should be, or which countries should pay.
“The divisions we saw coming into the meeting are still there, which leaves quite a lot of work for ministers next week,” he said.
European negotiators have said large oil-producing nations including Saudi Arabia are also blocking discussions on how to take forward last year’s COP28 summit deal to transition the world away from fossil fuels.
Saudi Arabia’s government did not immediately respond to a request for comment. Progress on this issue has been dire so far, one European negotiator said.
Uganda’s energy minister, Ruth Nankabirwa, said her country’s priority was to leave COP29 with a deal on affordable financing for clean energy projects.
“When you look around and you don’t have the money, then we keep wondering whether we will ever walk the journey of a real energy transition,” she said.