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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP Mega-Donor Sheldon Adelson Admits His Company ‘Likely’ Bribed Foreign Officials
Sheldon Adelson, the casino magnate and billionaire financier of Republican candidates and causes, admitted in an SEC filing submitted Friday that his company probably broke a federal anti-bribery law through its business dealings in China.
In an annual regulatory report by Adelsons Las Vegas Sands Corporation, the company wrote that an internal audit determined it had, likely violated a federal law against bribing foreign officials. The report did not go into specifics, but said the company was cooperating with investigators who are looking into the matter.
The company is under investigation by the Department of Justice, the Federal Bureau of Investigation and the SEC for their shady business dealings in China. Yet until Friday, the company had given no admission or indication of wrongdoing.
Adelson aggressively moved to tap the emerging Chinese economy over the past decade, striking deals with the government, opening two casinos and pushing other profitable ventures there. While those endeavors made Adelson fabulously wealthy, there was much speculation that those operations were not entirely on the level. Specifically, the company is suspected of bribing officials for sweetheart land deals and donating cash to an organized crime gang to drive business to their casinos.
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http://www.rawstory.com/rs/2013/03/03/gop-mega-donor-admits-his-company-likely-bribed-foreign-officials/
patrice
(47,992 posts)malaise
(268,717 posts)Was he bribing ReTHUGs as well??
Throw away the effin' keys.
patrice
(47,992 posts)quite likely be going on with this WHOLE thing, including the toxic derivatives as an intentionally strategic type of extortion that legally encumbered American real estate.
Cali_Democrat
(30,439 posts)but he tried to bribe the Republicans.
He's filthy.
malaise
(268,717 posts)to his crimes?
They don't care as long as they get the cash for their campaigns.
I hope the Justice Department digs into these donations.
Where there's smoke, there's fire.
malaise
(268,717 posts)DonViejo
(60,536 posts)have some explaining to do. And Adelson accompanied Mittens on his trip to meet Netanyahu.
malaise
(268,717 posts)Cali_Democrat
(30,439 posts)He was hoping to have a friendly Justice Department and get the case quashed.
DonViejo
(60,536 posts)and it would have been quashed, too!
patrice
(47,992 posts)Trillo
(9,154 posts)That $60 million was paid out for specific purposes. Why can't poor people have equivalently "blind justice"?