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Trump Organisation, CFO indicted by grand jury for tax crimes

People familiar with the case said the charges were related to allegations of unpaid taxes on benefits for Trump Organization executives, reports Asian Lite News

A grand jury in Manhattan has filed criminal indictments on Wednesday against former US President Donald Trump’s company and its longtime chief financial officer Allen Weisselberg, according to two people familiar with the indictments.

According to Washington Post, the indictments against the Trump Organization and its CFO, Allen Weisselberg, will remain sealed until Thursday afternoon, leaving the specific charges against them unclear. People familiar with the case said the charges were related to allegations of unpaid taxes on benefits for Trump Organization executives.

Weisselberg is expected to surrender on Thursday morning at the office of Manhattan District Attorney Cyrus R Vance Jr, two people familiar with the plan said. The Trump Organization will also be arraigned, represented in court by one of its attorneys.

The case against Trump Organization and Weisselberg represents a dramatic turn in the long-running probes. In an interview on Fox News, Trump called the myriad investigations and impeachments against him “all nonsense”.

“New York radical left prosecutors come after me — you gotta fight,” he said.

Trump himself is not expected to be charged this week, the people said, and no others in his orbit are expected to face imminent charges. But the indictments could mark a significant escalation in his legal problems — both by exposing his company to potential fines and by raising the pressure on Weisselberg, according to Washington Post.

ALSO READ: Biden looks to rebuild NATO shaken by Trump

Weisselberg, who has worked for Trump since the 1980s, is considered the most important figure in the Trump Organization. He has been involved in even minor financial transactions, including coordinating Trump’s personal gifts to charity.

Weisselberg was a key figure in the investigations by Vance and New York Attorney General Letitia James, as both are trying to determine whether Trump broke the law by misleading lenders or taxing authorities, or by evading taxes on forgiven debts or fringe benefits for employees, according to court papers and people familiar with the cases.

Michael Cohen, who spent years as Trump’s attorney and his aggressive defender, turned on Trump in 2018 after coming under investigation himself and pleaded guilty to making hush-money payments during the 2016 presidential campaign to women who said they’d had affairs with Trump years before.

Vance’s office opened an investigation in 2018, responding to Cohen’s charges that Trump had directed the illegal payoffs, Washington Post reported.

Trump and his organization have never faced criminal charges, but he has been the target of civil lawsuits from the office of the New York attorney general. In one case, he was sued for allegedly defrauding students at Trump University.

That case and others against Trump University ended with Trump paying a USD 25 million settlement in 2016. In 2018, Trump was sued for misusing money in a charity he controlled, a case that resulted in a judge ordering Trump to pay USD 2 million in damages. (ANI)

ALSO READ: Trump attacks Biden in first post-presidential rally

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Trump slams Biden for bowing down to China

Speaking at the North Carolin Republican convention, Trump said: “Always put America first. We don’t put America second….reports Asian Lite News

Taking a dig at President Joe Biden, former President Donald Trump slammed the current administration for bowing down to China, calling it the ‘most radical left-wing administration in history’.

Speaking at the North Carolin Republican convention, Trump said: “Always put America first. We don’t put America second. As we gather tonight, our country is being destroyed before our own eyes. Crime is exploding, police departments are being ripped apart and defunded… Is that good politics, defund our police?”

“Illegal immigration is skyrocketing at a level we haven’t seen before. And this is over a period of few months. Gas prices are soaring. Our industries are being pillaged by foreign cyber attacks. That’s a lack of respect for our country and for our leaders. And speaking of our leaders, they are bowing down to China, America is being demeaned and humiliated on the world stage. Our freedom is being overtaken by left-wing cancel culture. And the Biden administration is pushing toxic critical race theory and illegal discrimination into our children’s race theory,” he added.

He also praised some of his former administration’s ‘America first’ policies.

“We were putting American first, ahead of China, ahead of all these countries… Before the pandemic came into our shores, were doing numbers — in history… And then we had this horrible thing come in from China… That was an easy one, Wuhan… We’ve done an incredible job. and so many things have happened. And we built the economy not once, we built it twice. We had the highest stock market ever, the best job numbers. Then we had to regroup. We became the ventilator factory of the world,” he said.

ALSO READ: Biden announces vaccine sharing plan

The former President further termed Biden and Democrats as the most ‘radical left-wing administration in history’, adding that the survival of America depends on electing Republicans at every level.

“…We’re not going to let it go any longer. We have to stand up for our values. And we’re going to take back our country and take it back at a level that is very, very good for our country. And it’s good for our citizens because we can’t allow bad things to happen to our country,” Trump said.

As he looks forward to mark his return in the 2024 presidential elections, Trump exuded confidence that the people of North Carolina will decisively reject Joe Biden and the “radical Democrats”.

He also praised some of his former administration’s ‘America first policies. “We were putting American first, ahead of China, ahead of all these countries… Before the pandemic came into our shores, were doing numbers — in history… And then we had this horrible thing come in from China… That was an easy one, Wuhan… We’ve done an incredible job. and so many things have happened. And we built the economy not once, we built it twice. We had the highest stock market ever, the best job numbers. Then we had to regroup. We became the ventilator factory of the world,” he said.

Trump made his first public speech after leaving the Oval Office in January, after Biden assumed the presidency of the United States.

ALSO READ: Biden reinvigorates tariff war against India

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Trump to remain banned from Facebook for two years

According to the facebook’s new regulations on heightened penalties for public figures during times of civil unrest and ongoing violence, violators may be restricted from creating content for a period of one month to two years, reports Asian Lite Newsdesk

Facebook on Friday suspended US former President Donald Trump for two years, the maximum penalty under a newly revealed set of rules for suspending public figures, from its former indefinite ban set on January 7, 2021.

“We are today announcing new enforcement protocols to be applied in exceptional cases such as this, and we are confirming the time-bound penalty consistent with those protocols which we are applying to Mr. Trump’s accounts… We believe his actions constituted a severe violation of our rules which merit the highest penalty available under the new enforcement protocols. We are suspending his accounts for two years, effective from the date of the initial suspension on January 7 this year,” Nick Clegg, vice president of global affairs at Facebook, said in an announcement.

Facebook

The company also said that it will reevaluate the ban and make the decision whether to end or extend it. According to Clegg, the company will look to experts to assess whether the risk to public safety has receded at the end of the two-year suspension.

“If we determine that there is still a serious risk to public safety, we will extend the restriction for a set period of time and continue to re-evaluate until that risk has receded,” Clegg said.

“When the suspension is eventually lifted, there will be a strict set of rapidly escalating sanctions that will be triggered if Mr. Trump commits further violations in future, up to and including permanent removal of his pages and accounts,” he noted, adding that any penalty the company apply – or choose not to apply – will be controversial.

According to the company’s new regulations on heightened penalties for public figures during times of civil unrest and ongoing violence, violators may be restricted from creating content for a period of one month to two years. Violations after initial restrictions are subject to heightened penalties up to and including permanent removal.

Facebook Oversight Board (FOB) voted against reinstating Trump’s Facebook and Instagram accounts in May while saying it was not appropriate for Facebook to impose an “indefinite” suspension.

The FOB required Facebook to revisit the case, either restore Trump’s accounts, make the ban permanent or define a suspension for a set period of time.

The FOB is a panel of about 20 former political leaders, human rights activists and journalists picked by Facebook to deliberate the company’s content decisions, according to media reports. (Xinhua/IANS)

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Social Media USA

Trump closes his social media site

On May 5, Facebook’s Oversight Board decided to uphold the ban on Trump’s account….reports Asian Lite News

Former US President Donald Trump has shut down his personal social media platform launched less than a month ago in lieu of Twitter.

Trump’s senior aide Jason Miller confirmed to US media on Wednesday that the webpage, dubbed “From the Desk of Donald J. Trump,” has been shuttered permanently. “It was just auxiliary to the broader efforts we have and are working on,” he said, Xinhua reported.

“Hoping to have more information on the broader efforts soon, but I do not have a precise awareness of timing,” Miller was quoted by CNBC as saying.

Miller later replied to a tweet asking whether the move was a “precursor” to the former president joining “another social media platform,” saying, “Yes, actually, it is.”

Launched on May 4, the platform much resembles Twitter, which alongside Facebook banned Trump from posting messages in the aftermath of the January 6 Capitol riot that the former president was accused of inciting.

On May 5, Facebook’s Oversight Board decided to uphold the ban on Trump’s account.

ALSO READ: Biden revokes Trump order on immigrants’ healthcare costs

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Biden revokes Trump order on immigrants’ healthcare costs

Biden said that the previous proclamation “does not advance the interests of the United States”, reports Asian Lite News

US President Joe Biden on Friday (local time) revoked a 2019 proclamation issued by former President Donald Trump preventing immigrants from obtaining visas unless they proved they could obtain health insurance or pay for health care.

In a statement, Biden said that the previous proclamation “does not advance the interests of the United States”.

“My Administration is committed to expanding access to quality, affordable healthcare. We can achieve that objective, however, without barring the entry of noncitizens who seek to immigrate lawfully to this country but who lack significant financial means or have not purchased health insurance coverage from a restrictive list of qualifying plans,” he said.

Biden
US President Joe Biden

“NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of the United States, by the authority vested in me by the Constitution and the laws of the United States of America,… hereby find that the unrestricted entry into the United States of noncitizen immigrants based solely on the reasons articulated in Proclamation 9945 is not detrimental to the interests of the United States,” he added.

The US President also said that senior administration officials shall review any regulations, orders, guidance documents, policies, and any other similar agency actions developed pursuant to Proclamation 9945 and, as appropriate, issue revised guidance consistent with the policy set forth in this proclamation.

Earlier, the Biden administration also issued an executive order revoking the “National Garden of American Heroes” that Trump ordered built last year.

Upon taking office, Biden signed executive orders upholding the Obama-era Deferred Action for Childhood Arrivals (DACA) program and repealing Trump’s travel ban targeting Muslim-majority nations, reported The Hill.

Former US President Donald Trump

Trump’s proclamation in 2019 required that visa applicants verify they will be covered by an approved health insurer within 30 days of entering the US or have the ability to pay for “reasonably foreseeable medical costs.” The order included some exceptions, including refugees and children of US citizens.

“Immigrants who enter this country should not further saddle our health care system, and subsequently American taxpayers, with higher costs,” read Trump’s proclamation. (ANI)

Also Read – QUAD concerned over China’s moves in Kiribati

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Republican Party becoming a Trump franchise

A similar takeover of a ruling party took place in India in 1969, writes Prof. Madhav Nalapat

SARS-CoV-2, the pandemic which was revealed in its horror to the world in Wuhan towards the close of 2019, has the capability of killing not just human beings but the political careers of leaders who thought themselves unmatched by their opponents. President Donald Trump was headed for victory until the virus struck his country and damaged his reputation as a manager, a perception that had overshadowed the reality that the Trump presidency gave a bonanza to exactly the same segment of society in the US that had benefitted hugely from multiple Presidents from Reagan onwards.

The US Supreme Court under Chief Justice John Roberts has ensured that Big Money remains the dominant influence in electoral contests, and this has ensured success to several candidates who place the interests of the hyper-wealthy few above that of the rest. President Joe Biden has put forward a plan of action that can transform the US for the better, much as Franklin D. Roosevelt did. This is in danger of being stillborn as a consequence of the power of Democrats in Name Only (DINOs) such as Joe Mancin to block the legislation needed to bring Biden’s vision of Opportunity for All to fruition

In his final months as President of the US, Donald Trump understood that it was not just the billionaires that counted but ordinary citizens as well. Had he put forward the same measures as Joe Biden is now placing before the US Senate, the Republicans in that august body would have supported them. Because it is no longer a Trump but a Biden presidency, they oppose the very measures that Trump had veered around to suggesting. After having given trillions of dollars in tax breaks and subsidies to the hyper-rich, Trump was prepared to spend as lavishly on the rest of society.

US President Joe Biden

After all, it was not his money that was going to be spent, but more of the dollars printed by the Federal Reserve Board. Despite this willingness to play the role of Santa Claus, Trump was defeated because of the Covid-19 pandemic that seemed out of control throughout much of the final year of his term in the White House. The spread of the pandemic ensured the victory of Joe Biden. It is true that vaccines were developed at warp speed because of the huge amounts of money thrown in the direction of Big Pharma by President Trump. Had he directed such funds to universities and research institutes instead, more and better vaccines would have been the result. But few universities or institutes have the lobbying capacity of Big Pharma, which has long profited out of the research of others and the blocking of substitutes that are either imported from countries such as India or produced domestically.

ALSO READ:Biden hopes to meet Putin in June

The other country that could have emerged as a vaccine superpower is India, had the regulatory and other bottlenecks to output and innovation been removed sooner than many of them were during March 2021 through the intervention of Prime Minister Narendra Modi. The country he has led since 2014 awaits the bringing to justice of those responsible for so many deaths and so much misery that has clouded the first months of 2021 in India. If the cause is a bio-terror attack, it came from a predictable source, and barriers to disaster ought to have been built, such as a sufficient number of oxygen concentrators dispersed across the country as well as substantially more vaccines and medication than had been the situation even after the pandemic had struck.

It is difficult, often very difficult, to actually do something beneficial in India, but very easy for interested parties to block such actions from taking place, so dense are the constricting regulations and so immense are the powers of the officials administering them. After every failure caused by a surfeit of regulation that slows or stifles, the standard response is always more regulation. Cronies love such a system, while others despair.

Now that the Republican Party has become the Party of Trump, the definition of Republicans in Name Only (RINOs) has been changed to those who objected to such a transformation. It needs to be remembered that a similar takeover of a ruling political party took place in India as well. In 1969, Indira Gandhi converted the Congress Party into a family-owned enterprise, and the other (once?) consequential national party besides the BJP has been a family enterprise ever since.

As Prime Minister, P.V. Narasimha Rao sought to bring his party back to where it had been before its complete takeover by the Nehru family, and was defeated at the polls in 1996 by the formation of the Tiwari Congress. The toxic effect of this on the Prime Minister combined with the incessant personal attack on Rao by what was called the Sonia Duo (Arjun Singh and N.D. Tiwari) that lasted from the time Ottavio Quattrocchi was permitted by Rao to leave India to almost the final days of Rao’s life, when he was not sure whether the next night would be spent at home or in jail as a consequence of criminal charges hanging over his head.

Donald Trump has a ruthless streak in him that has helped ensure that most of his party leaders remain faithful to him. Should the Republican Party escape being a Trump franchise, a beneficiary could be Ivanka Trump. She who will be helped by Jared Kushner’s success in fashioning the Abraham Accords, which represent a breakthrough as important as was the 1978 Sadat-Begin Camp David accord. Should the 2022 mid-term elections go badly for the Democrats as a consequence of sabotage of Biden’s plans by DINOs, Trump would dominate the Republican Party. This would weaken the GOP substantially. Despite the Roberts Supreme Court, folks in the US are not ready to move backwards rather than forwards societally.

More than her father seems to, Ivanka may understand that any effort at replicating the racial supremacy doctrine that has been woven into too much of the policies of the Trump administration would be futile. Even among white citizens in the US, the majority accept the reality of a multi-racial society. Friendships and marriages are now commonplace. US Presidents such as Lyndon B. Johnson and now Joseph R Biden are enacting measures that take account of such an inevitability. Biden Democrats winning in 2022 will be good for the US even as a loss for them would rescue Republicans from becoming a family-run enterprise. It was among the disappointments of the Clinton-suffused Obama era that the symbolism of the first black President of the US became a substitute for many of the actual steps that were needed to ensure social justice through good economic policy.

The wealthy were bailed out by Obama at the expense of the poor and the middle class in the way that first Hank Paulson and later Larry Summers wanted. Should President Biden succeed despite the DINOs, his societal legacy would be far more consequential than that of the first non-white US President. The US needs to fix its socio-economic issues, if it is to successfully confront the existential challenge posed by Cold War 2.0, just as India needs to do. Should the DINOs succeed in blocking the Biden plan, they would cripple their own presidency and the Democratic Party. Should the RINOs succeed after a 2022 Republican setback, they would ensure that the Republican Party gets oriented towards the future rather than remain fixated on the past.

ALSO READ:Biden’s Mideast Strategy And Its Geopolitical Implications

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Biden cancels Trump’s border wall projects

Former US President Donald Trump had diverted billions in defence and military construction funds toward building the wall. Now President Biden is using some funding to counter environmental damage from the wall’s construction, reports Asian Lite News.

US President Joe Biden is cancelling projects to build a wall along the southern border using diverted defence funds and will use some funding to counter environmental damage from the wall’s construction.

Then-President Donald Trump had diverted billions in defence and military construction funds toward building the wall, using emergency powers after Congress refused to fully fund the project directly, according to The Hill.

“Consistent with the President’s Proclamation terminating the redirection of funds for border wall, no more money will be diverted from other purposes to building a border wall,” a Biden administration official said on Friday (local time).

“Today, the Department of Defense will begin cancelling all wall projects using the diverted funds, and will take steps to return remaining unobligated military construction funds to their appropriated purpose as permitted by law.”

A Defense Department spokesperson said the funds would be returned to accounts designated for “schools for military children, overseas military construction projects in partner nations, and the National Guard and Reserve equipment account,” but added that the department was reviewing projects to determine priorities.

Also Read – Kamala pledges additional aid to tackle migrant crisis

Upon entering office, Biden canceled the state of emergency the former President had declared along the southern border and paused construction on the wall in order to conduct a review, though the 60 day period for the review’s completion has long passed.

Photo shows the border fence that divides the U.S. and Mexico in San Diego, California, the United States. (Xinhua/Zhao Hanrong/IANS)

Republicans in Congress have accused Biden of illegally halting congressionally approved funds, and the Government Accountability Office is preparing a report on whether the pause was legal under the Impoundment Control Act.

The Biden administration said on Friday it would use some of the USD 1.4 billion appropriated for constructing the wall towards repairing environmental damage from its construction, such as flood barriers in the Rio Grande Valley and soil erosion in San Diego.

Also Read – US to encounter 2mn migrants at southern border

Democrats, on the other hand, welcomed the move. “President Biden promised to not build one more foot of border wall under his watch, and I welcome this step by his Administration to begin repairing the damage caused by border wall construction,” said Representative Raul Girjalva who represents a border district in the US State of Arizona.

Biden
United States President Joe Biden

“The border wall has done nothing but militarize border communities, destroy precious environmental habitats, and desecrate Native American sacred sites. After such abuses of power, cancelling the contracts and repairing the environmental damage is the least we can do.”

According to The Hill, the issue of funding the wall, one the most symbolic policies of the Trump era, was a regular flashpoint between Democrats and Republicans over the past four years. Trump would regularly request north of USD 5 billion a year for the wall, much to the chagrin of Democrats.

In order to pass spending bills, which require 60 votes in the Senate, Democrats and Republicans typically compromised on a significantly lower figure, replete with caveats over what could be built or reinforced with the funds.

Former United States President Donald Trump (Source IANS)

In late 2018, however, Trump threatened to veto spending bills over lack of wall funding, leading to a 35-day government shutdown, the longest in the nation’s history, according to The Hill.

When it was over, he declared a state of emergency and announced he would redirect the defense funds and other sources of government money toward building the wall. Democrats and outside groups have challenged the diversion of military funds toward the wall in court with mixed success. (ANI)

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Trump’s social media comeback soon

Trump’s platform would “completely redefine the game” and rake in “tens of millions” of users,according to the former advisor…reports Asian Lite News

Former US President Donald Trump will make a social media comeback on “his own platform” in the next two or three months, an advisor has said.

The former advisor, Jason Miller, made the remarks on Sunday during an appearance on Fox News, The Hill news website reported.

According to Miller, the former President’s platform would “completely redefine the game” and rake in “tens of millions” of users.

He did not provide any further details of the supposed platform, but added that “everybody is going to be waiting and watching to see what exactly President Trump does”, the BBC rported.

Miller further said that Trump has had “high-powered meetings” with various teams regarding the venture at his Mar-a-Lago resort in Florida.

“This new platform is going to be big,” he added.

There was however no official comment from Trump representatives on the claims.

Trump was suspended from Twitter, Facebook and YouTube after the deadly January 6 Capitol riots.

But few days later, the micro-blogging platform said that it was permanently suspending the former President’s account “due to the risk of further incitement of violence”.

The was also suspended from gaming platform Twitch and multimedia messaging app Snapchat.

Also read:Pelosi slams Trump over ‘broken border system’

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Russia ‘prepared for worst’ over US ties

After a break, it seems like the Washington-Moscow relations are deteriorating to its worst as both the leaders are trading jabs after the release of US intelligence report, reports Asian Lite News

The Kremlin said that it hoped for the best regarding relations between Russia and the US, yet it was also “prepared for the worst”.

President Vladimir Putin has already made it clear that Russia wished to maintain its relations with the US as this would be of advantage for the rest of the world, Xinhua news agency quoted Kremlin spokesman Dmitry Peskov as saying on Friday.

Nevertheless, “we cannot fail to take into account” US President Joe Biden’s words, Peskov added.

Also Read – Putin invites Biden to virtual talks

The Kremlin’s remarks came amid escalating Moscow-Washington tensions after a US intelligence report on Tuesday, accusing Russia of “denigrating” Biden’s candidacy during the elections to increase support for former President Donald Trump.

US President Joe Biden (Photo – @POTUS)

Peskov has stressed once again that those claims of Russia’s alleged meddling in the 2020 US elections were baseless and regretful, calling them just another pretext for additional sanctions.

On Thursday, Putin told local media that he would like to invite Biden to an online meeting to continue their discussions of bilateral ties.

Also Read – Russia warns West of retaliation

“I want to invite President Biden to continue our discussions, but on the condition that we do this actually live, as they say, online,” he said.

The discussions could be held soon, and the Kremlin is ready at any time convenient for the White House, Putin said, adding that he would give relevant instructions to the Russian Foreign Ministry.

Russian President Vladimir Putin and then US President Donald Trump at the 2017 G20 Hamburg Summit

Earlier that day, Putin said that the US has to take into account Russia’s interests and Moscow is capable of protecting them.

He emphasised that Russia is prepared to work with the US in fields of mutual interest, but only on terms that are favourable for Moscow.

Also Read – EU sanctions Russian officials