Tuesday, July 17, 2012

POLITICS - Bribery? GOP Money

"Did GOP Money Man Sheldon Adelson Violate Bribery Law?" PBS Newshour 7/16/2012

Excerpt

SUMMARY: One of the largest Republican donors in the 2012 election, gambling magnate Sheldon Adelson, is now under investigation for violating the Foreign Corrupt Practices Act, an anti-bribery law. Ray Suarez discusses the charges against Adelson with ProPublica managing editor Stephen Engelberg.

JEFFREY BROWN (Newshour): And to our second money and politics story, this focused on an investigation of a leading Republican donor.

Ray Suarez has the story.

RAY SUAREZ (Newshour): You may not know him by name, but gambling magnate Sheldon Adelson is one of the largest Republican donors in the 2012 election.

Adelson and members of his family are reported to have given more than $20 million to GOP-leaning super PACs, including some backing Newt Gingrich during the primary. Now Adelson is donating to the Restore Our Future super PAC. That group supports Mitt Romney and collected $20 million in June, a record month for a super PAC.

A new investigation finds Adelson may have violated the Foreign Corrupt Practices Act by paying a Macau lawyer hundreds of thousands of dollars, all in a bid to get approval for his projects in Macau, a special administrative region in China. Billions in profits were on the line.

China bans casino gambling in the rest of the country. The story was filed by "Frontline," ProPublica and the investigative reporting -- investigative reporting program at the University of California.

No comments: