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FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo
April 26, 2019
By Tom Arnold
LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.
Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.
Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.
Vettivetpillai could not be reached for a comment.
Naqvi, in a statement released through a PR firm, has pleaded innocent.
The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.
Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.
Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.
(Editing by Jane Merriman)
Source: OANN


Former Arkansas Governor Mike Huckabee said Friday that Deputy Attorney General Rod Rosenstein’s rare public criticism of the Obama administration was a “soft” way of accusing the previous administration of covering up Russia’s attempts at hacking the 2016 presidential election.
While speaking Thursday in New York at the Public Servants Dinner of the Armenian Bar Association, Rosenstein said that the Obama administration “chose not to publicize the full story about Russian computer hackers and social media trolls and how they relate to Russia’s broader strategy to undermine America.”
During an appearance on “America’s Newsroom” Friday morning, Huckabee called the comments an “unusually candid moment for Rosenstein.”
“I thought it was a soft way of him saying there was a cover-up,” Huckabee said. “They knew the Russians were attempting to influence the election and attempting to hack the election but they didn’t fully disclose that to the American people and certainly didn’t disclose it to the Trump campaign.
SWALWELL NOT CERTAIN TRUMP ISN’T A ‘RUSSIAN ASSET’
“Instead they tried to set a trap for them. It failed. The Trump team did not take the bait. And that’s the one conclusion that we can certainly come away with from the $35 million worth of investigation,” Huckabee continued.
Next week, Attorney General William Barr will testify before Congress and is expected to answer questions about Special Counsel Robert Mueller’s investigation of President Trump, which found that there was not adequate evidence to conclude that President Trump and his administration colluded with Russia, though the president could not be exonerated in terms of the possibility that he obstructed justice.
Barr will testify to the Senate Judiciary Committee next Wednesday and to the House Judiciary Committee the following day.
“It is going to be a theater, an absolute show,” Huckabee said of the hearings. “Just like the Kavanaugh hearings were and like everything else is in Congress. We ought to close the curtain on them and can’t come back until after the election. They aren’t doing their job anyway. We aren’t paying them because they’re doing a wonderful service to the country and spare us the hypocrisy of thinking they’re interested in getting to the bottom of the facts,” he continued.
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Ultimately, Huckabee argued, if Americans “took their partisan hats off,” they would see that President Trump was exonerated by the investigation.
Source: Fox News Politics





Sri Lanka’s former defense secretary Gotabaya Rajapaksa greets his supporters after his return from the United States, in Katunayake, Sri Lanka April 12, 2019. REUTERS/Dinuka Liyanawatte
April 26, 2019
By Sanjeev Miglani and Shihar Aneez
COLOMBO (Reuters) – Sri Lanka’s former wartime defense chief, Gotabaya Rajapaksa, said on Friday he would run for president in elections this year and would stop the spread of Islamist extremism by rebuilding the intelligence service and surveilling citizens.
Gotabaya, as he is popularly known, is the younger brother of former President Mahinda Rajapaksa and the two led the country to a crushing defeat of separatist Tamil rebels a decade ago after a 26-year civil war.
More than 250 people were killed in bomb attacks on hotels and churches on Easter Sunday that the government has blamed on Islamist militants and that Islamic State has claimed responsibility for.
Gotabaya said the attacks could have been prevented if the island’s current government had not dismantled the intelligence network and extensive surveillance capabilities that he built up during the war and later on.
“Because the government was not prepared, that’s why you see a panic situation,” he said in an interview with Reuters.
Gotabaya said he would be a candidate “100 percent”, firming up months of speculation that he plans to run in the elections, which are due by December.
He was critical of the government’s response to the bombings. Since the attacks, the government has struggled to provide clear information about how they were staged, who was behind them and how serious the threat is from Islamic State to the country.
“Various people are blaming various people, not giving exactly the details as to what happened, even people expect the names, what organization did this, and how they came up to this level, that explanation was not given,” he said.
On Friday, President Maithripala Sirisena said the government led by premier Ranil Wickremesinghe should take responsibility for the attacks and that prior information warning of attacks was not shared with him.
Wickremesinghe said earlier he was not advised about warnings that came from India’s spy service either, presenting a picture of a government still in disarray since the two leaders fell out last October.
Gotabaya is facing lawsuits in the United States, where he is a dual citizen, over his role in the war and afterwards.
The South Africa-based International Truth and Justice Project, in partnership with U.S. law firm Hausfeld, filed a civil case in California this month against Gotabaya on behalf of a Tamil torture survivor.
In a separate case, Ahimsa Wickrematunga, the daughter of murdered investigative editor Lasantha Wickrematunga, filed a complaint for damages in the same U.S. District Court in California for allegedly instigating and authorizing the extrajudicial killing of her father.
Gotabaya said the cases were baseless and only a “little distraction” as he prepared for the election campaign. He said he had asked U.S. authorities to renounce his citizenship and that process was nearly done, clearing the way for his candidature.
‘DISMANTLE THE NETWORKS’
He said that if he won, his immediate focus would to be tackle the threat from radical Islam and to rebuild the security set-up.
“It’s a serious problem, you have to go deep into the groups, dismantle the networks,” he said, adding he would give the military a mandate to collect intelligence from the ground and to mount surveillance of groups turning to extremism.
Gotabaya said that a military intelligence cell he had set up in 2011 of 5,000 people, some of them with Arabic language skills and that was tracking the bent towards extremist ideology some of the Islamist groups were taking in eastern Sri Lanka was disbanded by the current government.
“They did not give priority to national security, there was a mix-up. They were talking about ethnic reconciliation, then they were talking about human rights issues, they were talking about individual freedoms,” he said.
President Sirisena’s government sought to forge reconciliation with minority Tamils and close the wounds of the war and launched investigations into allegations of rights abuse and torture against military officers.
Officials said many of these secret intelligence cells were disbanded because they faced allegations of abuse, including torture and extra judicial killings.
Muslims make up nearly 10 percent of Sri Lanka’s population of 22 million, which is predominantly Buddhist.
(Reporting by Sanjeev Miglani; Editing by Frances Kerry)
Source: OANN


FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid
April 26, 2019
NEW YORK (Reuters) – The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.
This would mark the third such “technical” adjustment on the interest on excess reserves (IOER) following cuts last June and December.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
Source: OANN


In response to the news that the U.S. economy rose 3.2 percent in the first quarter of 2019, White House National Economic Council Director Larry Kudlow said that this “prosperity cycle” will continue if President Trump‘s policies stay in place.
Calling the advance in gross domestic product a “blow-out number,” Kudlow told “America’s Newsroom” Friday that it serves as concrete proof Trump’s measures to grow the economy have been successful.
“I’ll just say, Trump’s policies to rebuild the economy, lower taxes, regulations, opening energy, trade reform. Look, this stuff is working,” he said.
“It tells me, among other things, that the prosperity cycle we have entered into is continuing, it is strong. It has legs and momentum and frankly it is going to go on for quite some time,” he continued. “This is the new Trump economy. Some people don’t like that or they don’t agree with that. I respect the differences but I’ll tell you it’s working.”
STUART VARNEY: THANKS TO TRUMP, AMERICANS ARE FEELING BETTER ABOUT THEIR FINANCES
39 MILLION ADULTS CANNOT AFFORD A SUMMER VACATION
Kudlow added that Trump has “ended the war” on business and success, and is rallying for the small business owners of America.
“The president is rebuilding incentives, he is rebuilding confidence, he the rebuilding optimism,” he said. “He is basically saying you should keep more of what you earn. He is basically saying to small businesses we’ll cut the paperwork back and make it easier for you to start a business and prosper.”
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Kudlow said the Trump administration is also working with House Speaker Nancy Pelosi and other Democratic leaders to implement bipartisan deals to ensure the continuation of the GDP’s success.
“If the policies and the principles remain in place — and I believe they will — then I believe this new prosperity expansion cycle is going to go on for a whole bunch of more years,” he said.
Source: Fox News Politics












































































































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