Cathay Pacific suspends pilot for involvement in Hong Kong protests

Cathay Pacific shares fell more than 4% on Monday after the carrier announced it had suspended a pilot for his involvement in Hong Kong’s anti-government protests. The airline said Saturday that employees who “support or take part in illegal protests, violent actions, or overly radical behaviour” would be barred from crewing flights to mainland China. Hong Kong — a former British colony that was returned to Chinese rule in 1997 — has been struggling to end weeks of protests that have in recent w


Cathay Pacific shares fell more than 4% on Monday after the carrier announced it had suspended a pilot for his involvement in Hong Kong’s anti-government protests. The airline said Saturday that employees who “support or take part in illegal protests, violent actions, or overly radical behaviour” would be barred from crewing flights to mainland China. Hong Kong — a former British colony that was returned to Chinese rule in 1997 — has been struggling to end weeks of protests that have in recent w
Cathay Pacific suspends pilot for involvement in Hong Kong protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: grace shao
Keywords: news, cnbc, companies, pacific, pilot, china, suspends, involvement, violent, kong, protests, weeks, turned, hong, unrest, mainland, cathay, flights


Cathay Pacific suspends pilot for involvement in Hong Kong protests

Cathay Pacific shares fell more than 4% on Monday after the carrier announced it had suspended a pilot for his involvement in Hong Kong’s anti-government protests.

The airline said Saturday that employees who “support or take part in illegal protests, violent actions, or overly radical behaviour” would be barred from crewing flights to mainland China. It also confirmed that one of its pilots was removed from his duties since July 30.

The pilot was reportedly among over 40 people charged with rioting, during clashes with police near Beijing’s main representative office in the city.

Hong Kong — a former British colony that was returned to Chinese rule in 1997 — has been struggling to end weeks of protests that have in recent weeks turned increasingly violent and disruptive.

The rallies, which were started to protest a bill that would have allowed people to be extradited to mainland China, have snowballed into a democracy movement, with some even demanding full autonomy from Beijing.

The unrest has frequently crippled the Asian financial hub’s transportation system and last Monday, Cathay cancelled hundreds of flights during a general strike.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: grace shao
Keywords: news, cnbc, companies, pacific, pilot, china, suspends, involvement, violent, kong, protests, weeks, turned, hong, unrest, mainland, cathay, flights


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Trump reportedly will threaten to curb intelligence sharing with UK over Huawei

President Donald Trump applauds while delivering the commencement address at the U.S. Air Force Academy’s graduation ceremony in Colorado Springs, Colorado, U.S., May 30, 2019. U.S. President Donald Trump plans to tell the British government in person that Washington may limit intelligence sharing with the U.K. if it allows Huawei to build part of its 5G high-speed mobile network, the Financial Times reported. Trump is set to embark on a three-day state visit to the U.K. in June, days before Bri


President Donald Trump applauds while delivering the commencement address at the U.S. Air Force Academy’s graduation ceremony in Colorado Springs, Colorado, U.S., May 30, 2019. U.S. President Donald Trump plans to tell the British government in person that Washington may limit intelligence sharing with the U.K. if it allows Huawei to build part of its 5G high-speed mobile network, the Financial Times reported. Trump is set to embark on a three-day state visit to the U.K. in June, days before Bri
Trump reportedly will threaten to curb intelligence sharing with UK over Huawei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, involvement, donald, curb, person, sharing, british, president, reportedly, threaten, uk, trump, intelligence, huawei, set


Trump reportedly will threaten to curb intelligence sharing with UK over Huawei

President Donald Trump applauds while delivering the commencement address at the U.S. Air Force Academy’s graduation ceremony in Colorado Springs, Colorado, U.S., May 30, 2019.

U.S. President Donald Trump plans to tell the British government in person that Washington may limit intelligence sharing with the U.K. if it allows Huawei to build part of its 5G high-speed mobile network, the Financial Times reported.

Trump is set to embark on a three-day state visit to the U.K. in June, days before British Prime Minister Theresa May is set to resign from her post.

According to American and British officials, Trump decided to raise the issue about Huawei after his aides had repeatedly failed to convince the U.K. government to restrict the involvement of the Chinese company, the newspaper said.

A person involved in planning the trip told the FT that Trump was ready to make his objections known both in public and in private: “The president is preparing to repeat the message that Chinese involvement in 5G could pose significant challenges for US-UK intelligence co-operation.”

The White House did not immediately respond to an emailed request for comment sent outside regular office hours.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, involvement, donald, curb, person, sharing, british, president, reportedly, threaten, uk, trump, intelligence, huawei, set


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Saudi Arabia denies involvement in leak of Jeff Bezos’ messages to the National Enquirer

Saudi Arabia rejected the suggestion it played a role in leaking Amazon CEO Jeff Bezos’ intimate messages to the National Enquirer. “Absolutely not,” Jubeir said when quizzed over whether his government had any involvement in the leaking of messages to AMI, the tabloid’s publisher. His remarks come after Bezos lashed out at AMI for alleged blackmail and extortion in a stunning blog post last week. In the post, Bezos said the National Enquirer threatened to post sexual pictures he had texted to h


Saudi Arabia rejected the suggestion it played a role in leaking Amazon CEO Jeff Bezos’ intimate messages to the National Enquirer. “Absolutely not,” Jubeir said when quizzed over whether his government had any involvement in the leaking of messages to AMI, the tabloid’s publisher. His remarks come after Bezos lashed out at AMI for alleged blackmail and extortion in a stunning blog post last week. In the post, Bezos said the National Enquirer threatened to post sexual pictures he had texted to h
Saudi Arabia denies involvement in leak of Jeff Bezos’ messages to the National Enquirer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: ryan browne, jim watson, afp, getty images
Keywords: news, cnbc, companies, enquirer, post, leaking, denies, national, involvement, ami, arabia, leak, week, saudi, ceo, bezos, messages, jeff, amazon


Saudi Arabia denies involvement in leak of Jeff Bezos' messages to the National Enquirer

Saudi Arabia rejected the suggestion it played a role in leaking Amazon CEO Jeff Bezos’ intimate messages to the National Enquirer.

Adel al-Jubeir, the country’s minister of state for foreign affairs, told CBS’ “Face the Nation” on Sunday that the Arab kingdom had “nothing to do with” the episode.

“Absolutely not,” Jubeir said when quizzed over whether his government had any involvement in the leaking of messages to AMI, the tabloid’s publisher.

“This sounds to me like a soap opera,” he added. “I’ve been watching it on television and reading about it in the paper. This is something between the two parties. We have nothing to do with it.”

His remarks come after Bezos lashed out at AMI for alleged blackmail and extortion in a stunning blog post last week. In the post, Bezos said the National Enquirer threatened to post sexual pictures he had texted to his mistress, Lauren Sanchez, including a “below the belt selfie.”

Bezos alluded to claims that AMI and CEO David Pecker have links to the Saudi government. The Amazon chief also mentioned his ownership of The Washington Post, noting that the newspaper’s “essential and unrelenting coverage of the murder of its columnist Jamal Khashoggi is undoubtedly unpopular in certain circles.”


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: ryan browne, jim watson, afp, getty images
Keywords: news, cnbc, companies, enquirer, post, leaking, denies, national, involvement, ami, arabia, leak, week, saudi, ceo, bezos, messages, jeff, amazon


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Foreign involvement in Taiwan independence is ‘intolerable,’ China’s Xi says

On the commemoration of the 40th anniversary of a thaw in Beijing’s relationship with Taiwan, Chinese President Xi Jinping emphasized his position that the island is part of China and that foreigners should not interfere in the matter of Taiwanese independence. “The issue of Taiwan is part of China’s domestic politics. It is a core interest of China, and the … feelings of the Chinese people, and foreign interference is intolerable,” Xi said, according to an official English-language translatio


On the commemoration of the 40th anniversary of a thaw in Beijing’s relationship with Taiwan, Chinese President Xi Jinping emphasized his position that the island is part of China and that foreigners should not interfere in the matter of Taiwanese independence. “The issue of Taiwan is part of China’s domestic politics. It is a core interest of China, and the … feelings of the Chinese people, and foreign interference is intolerable,” Xi said, according to an official English-language translatio
Foreign involvement in Taiwan independence is ‘intolerable,’ China’s Xi says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: evelyn cheng, marcos brindicci, -xi jinping, president of china
Keywords: news, cnbc, companies, chinese, independence, xi, thaw, translation, island, taiwanese, views, involvement, state, china, intolerable, foreign, taiwan, chinas


Foreign involvement in Taiwan independence is 'intolerable,' China's Xi says

On the commemoration of the 40th anniversary of a thaw in Beijing’s relationship with Taiwan, Chinese President Xi Jinping emphasized his position that the island is part of China and that foreigners should not interfere in the matter of Taiwanese independence.

“The issue of Taiwan is part of China’s domestic politics. It is a core interest of China, and the … feelings of the Chinese people, and foreign interference is intolerable,” Xi said, according to an official English-language translation broadcast on state media.

Beijing views Taiwan as a province that has gone astray and has no right to international recognition as a separate political entity. Chinese authorities would like to bring the island under their control and they have indicated they would use force, if needed. In the last year or so, the Communist government has increased its pressure on multinational companies to refer to Taiwan as a part of China.


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: evelyn cheng, marcos brindicci, -xi jinping, president of china
Keywords: news, cnbc, companies, chinese, independence, xi, thaw, translation, island, taiwanese, views, involvement, state, china, intolerable, foreign, taiwan, chinas


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Mueller kept asking about Michael Cohen’s Trump campaign involvement

Cohen did not have a formal role with the Trump campaign, but he often appeared in the media as a surrogate for Trump. People who were questioned about Cohen told CNBC that they told investigators they had no knowledge of any personal business the former Trump lawyer may have done while an employee of the Trump Organization. There is increasing curiosity about the nature of what information Cohen could offer Mueller. The FBI’s investigation into Cohen also has exposed another key Trump Organizat


Cohen did not have a formal role with the Trump campaign, but he often appeared in the media as a surrogate for Trump. People who were questioned about Cohen told CNBC that they told investigators they had no knowledge of any personal business the former Trump lawyer may have done while an employee of the Trump Organization. There is increasing curiosity about the nature of what information Cohen could offer Mueller. The FBI’s investigation into Cohen also has exposed another key Trump Organizat
Mueller kept asking about Michael Cohen’s Trump campaign involvement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: brian schwartz, getty images
Keywords: news, cnbc, companies, michael, campaign, cohen, mueller, special, asking, kept, cohens, organization, trump, told, information, payments, involvement, lawyer


Mueller kept asking about Michael Cohen's Trump campaign involvement

The latest details about the special counsel’s interest in Cohen emerged a week after the former Trump lawyer pleaded guilty to eight federal counts, including campaign finance charges. Cohen implicated Trump in his confession about arranging payments to two women during the campaign, saying that his former boss ordered him to move ahead with the payoffs to influence the election. Cohen did not have a formal role with the Trump campaign, but he often appeared in the media as a surrogate for Trump.

The special counsel continued asking witnesses about Cohen into at least May, according to sources. In June, Ukrainian politician Andrii Artemenko, who testified before a grand jury in the Mueller probe, told ABC News that he believed Mueller’s team was still interested in Cohen.

“My personal opinion is that Michael Cohen is the target of this investigation,” Artemenko said in the interview. “I can’t share with you the details of the questions, but from my understanding, they’re keeping going with this investigation.”

People who were questioned about Cohen told CNBC that they told investigators they had no knowledge of any personal business the former Trump lawyer may have done while an employee of the Trump Organization.

A spokesman for the special counsel’s office declined to comment. Cohen’s spokesman and attorney Lanny Davis also declined to comment.

Legal experts say Mueller’s continued interest in Cohen suggests that he could still be a pivotal source of information for the larger probe into whether Russian operatives colluded with Trump campaign officials to interfere in the 2016 presidential election. Some said that the special counsel is likely trying to verify assertions being made by Trump’s former attorney.

“It is too easy to poke holes in an unreliable corroborating witness who is cooperating to get as low a sentence as possible,” said Nick Gravante, a white-collar defense attorney at Boies Schiller Flexner in New York. “That means as a prosecutor you have to get others to corroborate Cohen’s story in order to combat any doubt being thrown toward the prosecution by defense attorneys.”

There is increasing curiosity about the nature of what information Cohen could offer Mueller. In a Washington Post story published Sunday, his lawyer Davis walked back earlier claims he made to various media outlets that Cohen has information to share that Trump knew about Russia’s efforts to torpedo Democratic presidential nominee Hillary Clinton. “I should have been more clear — including with you — that I could not independently confirm what happened,” Davis told the Post. “I regret my error.”

According to other former Trump employees, Cohen’s closeness with the president could be seen as a gateway to pivotal information for investigators – particularly when it comes to the business dealings of the Trump Organization and any possible agreements it made with foreign banks.

“We know he’s given testimony for a plea deal, and we don’t know what Michael is going to do in connection with that,” said Barbara Res, a former executive vice president at the Trump Organization who worked there for 18 years until 1996.

“In my mind, Mueller wants to see any connection Donald may have had with Russian banks” and Cohen, along with other associates, could have knowledge about that, she added.

The FBI’s investigation into Cohen also has exposed another key Trump Organization employee to scrutiny. Chief Financial Officer Allen Weisselberg was granted immunity in the Cohen case.

Weisselberg was described anonymously in the Cohen indictment last week as the point person for reimbursing the former Trump attorney for expenses, including payments he made to quiet one woman who claimed to have had an affair with Trump. The White House has denied the affair.

Starting in January 2017, Weisselberg, on behalf of the Trump Organization, doled out monthly payments to Cohen that eventually totaled $420,000, according to court documents.

A spokeswoman for the Trump Organization did not return a request for comment.


Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: brian schwartz, getty images
Keywords: news, cnbc, companies, michael, campaign, cohen, mueller, special, asking, kept, cohens, organization, trump, told, information, payments, involvement, lawyer


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Pompeo spotlights Pakistan as latest tension point between Washington and Beijing

U.S. Secretary of State Mike Pompeo has issued some warning words over Chinese involvement in Pakistan, shedding light on what could be another growing point of contention between the world’s two largest economies. In an exclusive interview with CNBC on Monday, Pompeo criticized the idea of an International Monetary Fund (IMF) bailout for Pakistan, whose economy is on the brink of crisis. The remarks were specifically pointing to China and how it would benefit from such a deal. “There’s no ratio


U.S. Secretary of State Mike Pompeo has issued some warning words over Chinese involvement in Pakistan, shedding light on what could be another growing point of contention between the world’s two largest economies. In an exclusive interview with CNBC on Monday, Pompeo criticized the idea of an International Monetary Fund (IMF) bailout for Pakistan, whose economy is on the brink of crisis. The remarks were specifically pointing to China and how it would benefit from such a deal. “There’s no ratio
Pompeo spotlights Pakistan as latest tension point between Washington and Beijing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-31  Authors: natasha turak, aaron p bernstein, rizwan tabassum, afp, getty images
Keywords: news, cnbc, companies, imf, involvement, economy, point, spotlights, pompeo, worlds, chinese, dollars, washington, tension, latest, beijing, growing, countries, pakistan


Pompeo spotlights Pakistan as latest tension point between Washington and Beijing

U.S. Secretary of State Mike Pompeo has issued some warning words over Chinese involvement in Pakistan, shedding light on what could be another growing point of contention between the world’s two largest economies.

In an exclusive interview with CNBC on Monday, Pompeo criticized the idea of an International Monetary Fund (IMF) bailout for Pakistan, whose economy is on the brink of crisis. The remarks were specifically pointing to China and how it would benefit from such a deal.

“Make no mistake, we will be watching what the IMF does,” the diplomat said, in response to reports that Pakistan is planning to request a bailout package of up to $12 billion to shore up its depleted currency reserves and indebted economy.

“There’s no rationale for IMF tax dollars — and associated with that, American dollars that are part of the IMF funding — for those to go to bail out Chinese bondholders or China itself.”

Washington has voiced its disapproval of growing Chinese involvement in Pakistan and other developing countries, accusing the world’s second-largest economy of overwhelming smaller countries with loans and being part of the problem rather than the solution.


Company: cnbc, Activity: cnbc, Date: 2018-07-31  Authors: natasha turak, aaron p bernstein, rizwan tabassum, afp, getty images
Keywords: news, cnbc, companies, imf, involvement, economy, point, spotlights, pompeo, worlds, chinese, dollars, washington, tension, latest, beijing, growing, countries, pakistan


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UK reels from second nerve agent poisonings, Russia denies involvement

They are now seriously ill in hospital; police said Thursday that they had been exposed to Novichok, a nerve agent developed in the Soviet Union in the 1970s. The incident has brought up barely settled tensions between the U.K. and Russia. As with the Skripal attack, Russia has denied any involvement in the latest incident. The Russian embassy in the Netherlands tweeted that Britain was “dumb” if it thinks Moscow would stage a nerve agent attack during the World Cup soccer tournament, which it i


They are now seriously ill in hospital; police said Thursday that they had been exposed to Novichok, a nerve agent developed in the Soviet Union in the 1970s. The incident has brought up barely settled tensions between the U.K. and Russia. As with the Skripal attack, Russia has denied any involvement in the latest incident. The Russian embassy in the Netherlands tweeted that Britain was “dumb” if it thinks Moscow would stage a nerve agent attack during the World Cup soccer tournament, which it i
UK reels from second nerve agent poisonings, Russia denies involvement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-05  Authors: holly ellyatt, chris j ratcliffe getty images
Keywords: news, cnbc, companies, russia, latest, poisonings, attack, tournament, agent, nerve, involvement, uk, denies, russian, reels, second, lawmaker, skripal, soccer


UK reels from second nerve agent poisonings, Russia denies involvement

They are now seriously ill in hospital; police said Thursday that they had been exposed to Novichok, a nerve agent developed in the Soviet Union in the 1970s.

The incident has brought up barely settled tensions between the U.K. and Russia. British Security Minister Ben Wallace has called on Russia to provide more details about the Skripal attack so that authorities can “keep people safe,” while one senior Russian lawmaker called on the U.K. to ask Russian experts to take part in the latest investigation.

As with the Skripal attack, Russia has denied any involvement in the latest incident.

The Russian embassy in the Netherlands tweeted that Britain was “dumb” if it thinks Moscow would stage a nerve agent attack during the World Cup soccer tournament, which it is hosting currently. Another Russian lawmaker Sergei Zheleznyak said the latest incident looked like an attempt to spoil England soccer fans’ positive perception of the tournament, Reuters reported.


Company: cnbc, Activity: cnbc, Date: 2018-07-05  Authors: holly ellyatt, chris j ratcliffe getty images
Keywords: news, cnbc, companies, russia, latest, poisonings, attack, tournament, agent, nerve, involvement, uk, denies, russian, reels, second, lawmaker, skripal, soccer


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Russia to expel UK diplomats as row over spy attack escalates

Johnson defended the measures announced on Wednesday and suggested that there could be further consequences for wealthy Russians with assets in Britain. “We will go after the money and actually we are going after the money,” he said, adding that the National Crime Agency and Economic Crimes Unit were investigating a wide range of individuals. Johnson also said he had been heartened by strong expressions of support from the United States and other allies — although it remains unclear whether the


Johnson defended the measures announced on Wednesday and suggested that there could be further consequences for wealthy Russians with assets in Britain. “We will go after the money and actually we are going after the money,” he said, adding that the National Crime Agency and Economic Crimes Unit were investigating a wide range of individuals. Johnson also said he had been heartened by strong expressions of support from the United States and other allies — although it remains unclear whether the
Russia to expel UK diplomats as row over spy attack escalates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-15  Authors: sergei karpukhin, stefan rousseau-pool, getty images news, getty images
Keywords: news, cnbc, companies, diplomats, attack, row, uk, russian, ally, expel, wide, wanted, united, escalates, involvement, russia, wealthy, wealth, money, vladimir, spy


Russia to expel UK diplomats as row over spy attack escalates

Johnson defended the measures announced on Wednesday and suggested that there could be further consequences for wealthy Russians with assets in Britain.

“We will go after the money and actually we are going after the money,” he said, adding that the National Crime Agency and Economic Crimes Unit were investigating a wide range of individuals. He declined to give details, citing legal reasons.

“What people want to see is some of the very rich people … whose wealth can be attributed to their relationship with Vladimir Putin, it may be that the law agencies, that the police will be able to put unexplained wealth orders on them, to bring them to justice for their acts of gross corruption,” he said.

Johnson also said he had been heartened by strong expressions of support from the United States and other allies — although it remains unclear whether there will be a coordinated international response to the Novichok attack.

France, which on Wednesday had said it wanted proof of Russian involvement before deciding whether to take action against Russia, appeared to change its position on Thursday, saying it agreed with the assessment of its NATO ally Britain.

“France agrees with the United Kingdom that there is no other plausible explanation (than Russian involvement) and reiterates its solidarity with its ally,” President Emmanuel Macron’s office said.


Company: cnbc, Activity: cnbc, Date: 2018-03-15  Authors: sergei karpukhin, stefan rousseau-pool, getty images news, getty images
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Indian billionaire jeweller denies involvement in $1.8 billion bank fraud case

Indian billionaire jeweller Nirav Modi has denied allegations that he was involved in a $1.8 billion loan fraud at Punjab National Bank (PNB), his lawyer told Reuters on Tuesday. Indian federal police have alleged that Modi and others conspired with several employees of the second-largest state-run bank to fraudulently obtain advances for paying overseas suppliers. Last week, PNB had said it detected fraudulent transactions worth $1.77 billion. Indian authorities had said they will probe the pos


Indian billionaire jeweller Nirav Modi has denied allegations that he was involved in a $1.8 billion loan fraud at Punjab National Bank (PNB), his lawyer told Reuters on Tuesday. Indian federal police have alleged that Modi and others conspired with several employees of the second-largest state-run bank to fraudulently obtain advances for paying overseas suppliers. Last week, PNB had said it detected fraudulent transactions worth $1.77 billion. Indian authorities had said they will probe the pos
Indian billionaire jeweller denies involvement in $1.8 billion bank fraud case Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-20  Authors: chandran khanna, afp, getty images
Keywords: news, cnbc, companies, fraud, billionaire, case, billion, transactions, bank, strategy, jeweller, 18, resulted, pnb, involvement, denies, modi, told, indian, letter


Indian billionaire jeweller denies involvement in $1.8 billion bank fraud case

Indian billionaire jeweller Nirav Modi has denied allegations that he was involved in a $1.8 billion loan fraud at Punjab National Bank (PNB), his lawyer told Reuters on Tuesday.

Indian federal police have alleged that Modi and others conspired with several employees of the second-largest state-run bank to fraudulently obtain advances for paying overseas suppliers.

Last week, PNB had said it detected fraudulent transactions worth $1.77 billion. Indian authorities had said they will probe the possibility of money laundering in the case.

Vijay Aggarwal, a lawyer for Modi, said all transactions with PNB were documented and allegations made by the Central Bureau of Investigation were completely wrong.

“Everything is documented,” Aggarwal told Reuters over the phone.

Asked about his legal strategy, he said: “Until there is no chargesheet, there is no strategy. When there is a chargesheet, there will be a strategy.”

Separately, Modi has accused Punjab National Bank of having “jeopardised” his ability to pay the bank back the dues — by making this case public, according to a report in business daily Economic Times which cited news agency PTI.

Nirav Modi reportedly wrote in a letter that his companies owe the bank under 50 billion rupees ($775.25 million) — much lower than the amount pegged by the bank.

Referring to the companies he own, Modi said in the letter: “The erroneously cited liability resulted in a media frenzy which led to immediate search and seizure of operations, and which in turn resulted in Firestar International and Firestar Diamond International effectively ceasing to be going-concerns.”

“This thereby jeopardised our ability to discharge the dues of the group to the banks,” he added, in a letter reportedly addressed to PNB’s management.

Modi and his representatives were not immediately reachable for comment.

The fraud allegedly involved firms controlled by Modi and his relatives and sparked raids across Mumbai and New Delhi, targeting offices and homes linked to Modi.

Shares in PNB fell for the fifth straight day on Tuesday. The stock, which has shed more than a quarter of its market capitalization since disclosing the fraud, was down 3.5 percent in early trading.


Company: cnbc, Activity: cnbc, Date: 2018-02-20  Authors: chandran khanna, afp, getty images
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Rosenstein: No allegation of American involvement or election impact – in this particular indictment

Rosenstein repeatedly emphasized that in this particular indictment, there is no allegation that these operatives had any effect on the outcome of the election. He also highlighted that Friday’s indictment does not allege that any American knowingly participated in the Russian operation. But the deputy attorney general’s comments were not an “all-clear” signal for the president, former assistant attorney general John Carlin told CNBC. Trump said in a tweet Friday that the latest indictment issue


Rosenstein repeatedly emphasized that in this particular indictment, there is no allegation that these operatives had any effect on the outcome of the election. He also highlighted that Friday’s indictment does not allege that any American knowingly participated in the Russian operation. But the deputy attorney general’s comments were not an “all-clear” signal for the president, former assistant attorney general John Carlin told CNBC. Trump said in a tweet Friday that the latest indictment issue
Rosenstein: No allegation of American involvement or election impact – in this particular indictment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-16  Authors: christine wang
Keywords: news, cnbc, companies, special, russian, federal, american, attorney, ohlin, general, indictment, impact, election, involvement, mueller, rosenstein, repeatedly, particular, counsel, allegation


Rosenstein: No allegation of American involvement or election impact – in this particular indictment

When Deputy Attorney General Rod Rosenstein spoke to the press Friday, he repeatedly made it clear that his comments were specific to the federal grand jury indictment the special counsel’s office had just announced.

Shortly before the news conference, the office of special counsel Robert Mueller said a federal grand jury had indicted 13 Russians and three Russian entities for their efforts to aid Donald Trump during the 2016 election.

Rosenstein repeatedly emphasized that in this particular indictment, there is no allegation that these operatives had any effect on the outcome of the election. He also highlighted that Friday’s indictment does not allege that any American knowingly participated in the Russian operation.

“The nature of the scheme was that the defendants took extraordinary steps to make it appear that they were ordinary American political activists,” he said.

Rosenstein explained that these individuals used a virtual private network to disguise their activities, “so if anybody traced them back to their first jump, they appear to be Americans.”

But the deputy attorney general’s comments were not an “all-clear” signal for the president, former assistant attorney general John Carlin told CNBC.

“What you saw at the press conference is not an ‘all-clear.’ Instead it’s a careful prosecutor sticking to the four corners of the indictment,” Carlin said on “Power Lunch.”

Carlin, who previously was chief of staff to Mueller when he was director of the FBI, said that the investigation is not over and that Americans will “have to just wait and see.”

Rosenstein also said the federal government will seek extradition of the Russian nationals through “normal channels.” The U.S. does not have an extradition treaty with Russia, which has not historically cooperated with such requests.

Cornell Law Vice Dean Jens Ohlin said, however, that the Kremlin won’t hand over Russian citizens anytime soon. But he explained that indictments can do more than catch principal perpetrators. Ohlin said that they can also be made “with an eye towards accomplices and conspirators, who may not even be identified yet.”

“If someone in the United States assisted them, though, they could be prosecuted for their participation in the criminal endeavor. We don’t know who those persons are, but as of today we know a lot more about the criminal enterprise they were involved in,” Ohlin said.

Trump said in a tweet Friday that the latest indictment issued by special counsel Robert Mueller showed that his presidential campaign “did nothing wrong” during the 2016 election. Trump has repeatedly denied collusion with Russian entities and has called the investigation a “hoax.”

Rosenstein, who appointed Mueller as special counsel, oversees the Russia probe because Attorney General Jeff Sessions recused himself from it last year.

— CNBC’s Michelle Fox contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-02-16  Authors: christine wang
Keywords: news, cnbc, companies, special, russian, federal, american, attorney, ohlin, general, indictment, impact, election, involvement, mueller, rosenstein, repeatedly, particular, counsel, allegation


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