OTHER THINGS YOU MAY HAVE MISSED – OCTOBER 6

6th October 2018

PAKISTAN ARRESTS OPPOSITION LEADER, NAWAZ SHARIF’S BROTHER FOR ALLEGED GRAFT

OCCRP on 5th October reported that Pakistani authorities had arrested Shehbaz Sharif, 67, opposition leader and younger brother of ousted prime minister Nawaz Sharif in connection with alleged corruption in a social housing scheme, the country’s anti-graft agency said.  Nawaz Sharif was ousted from his post last year by the Supreme Court after Panama Papers leaks revealed he and his family owned several apartments in London.

https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/8702-pakistan-arrests-nawaz-sharif-s-brother-for-alleged-graft

US: DOJ INVESTIGATING SOME PART OF MAJOR LEAGUE BASEBALL FOR POSSIBLE FCPA VIOLATIONS RELATED TO RECRUITMENT OF INTERNATIONAL PLAYERS

On 5th October, Buckley Sandler reported that the DoJ is seemingly investigating some part of MLB for possible FCPA violations related to recruitment of international players, particularly related to immigration issues for players from Latin America.

https://buckleysandler.com/blog/2018-10-05/doj-reportedly-investigating-major-league-baseball-potential-fcpa-violations

TURKEY: US CONGRESS REPORT AND ECONOMIC SANCTIONS

On 31st August, the US Congressional Research Service published a report about US-Turkey relations.  It says that bilateral ties have reached historic lows in the summer of 2018.  The major flashpoint, it says, has been a Turkish criminal case against American pastor Andrew Brunson.  It says that US sanctions on Turkey related to the Brunson case and responses by Turkey and international markets appear to have seriously aggravated an already precipitous drop in the value of Turkey’s currency.  Amongst other things it refers to the question of the Kurds and the larger Syria situation, Turkey’s relationship with Russia and its other foreign policy positions, its importance as a regional energy hub, and the effects of the currency decline, US sanctions and the “crisis” in US-Turkey relations.

https://fas.org/sgp/crs/mideast/R41368.pdf

See also, for a Turkish viewpoint –

https://www.yenisafak.com/en/columns/leventyilmaz/the-us-congress-report-and-economic-sanctions-2046670

SEC CHARGES VIRGINIA REAL ESTATE DEVELOPER WITH FRAUD IN PROJECT TIED TO COMMUTER RAIL STATION

On 5th October, Monod Visione published a release from the SEC saying that the SEC had charged a Virginia real estate developer with skimming investor funds that were intended for use in purchasing an office building near the site of a planned commuter rail station on the Washington Metropolitan Area Transit Authority’s Silver Line.   The complaint also alleges commingling and misappropriation of investments in various real estate and other projects.  It says that over at least a 4-year period, Todd Elliott Hitt used 2 of his companies – Kiddar Capital LLC and Kiddar Group Holdings, Inc. – to raise more than $20 million from investors.

http://www.mondovisione.com/media-and-resources/news/sec-charges-real-estate-developer-with-fraud-in-project-tied-to-new-commuter-rai/

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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