KI Daily Brief – March 8, 2016

Trump Tower Funded by Rich Chinese Who Invest Cash for Visas
Bloomberg Politics

Kushner Companies, which is run by Donald Trump’s son-in-law, is courting Chinese investors for a Trump-branded residential development in New Jersey. A Chinese-subtitled video encourages them to take advantage of the EB-5 visa program, whereby foreigners investing more than $50,000 in real estate projects receive expedited two-year visas with the chance of obtaining permanent residency. In 2014, 85% of the 10,692 EB-5 visas issued were to Chinese investors. 

EU to Extend Sanctions Against Russia with No Debate on March 10
Ukraine Today

On March 4, 2016 the EU Council extended sanctions against 16 former senior officials of Ukraine, including Ukraine’s former president Viktor Yanukovych. The sanctions were prolonged for one year against those who are “responsible for embezzlement or power abuse that led to the loss of public funds.” Besides individual sanctions, the European Council on December 21 agreed to extend sanctions against Russia until July 31, 2016, the EU press-service agency reports.

Shanxi Party Boss Dishes on Graft Scandals at NPC Press Conference
Caixin Online

Wang Rulin, Communist Party Secretary for Shanxi, provided a surprisingly candid insight into corruption in the northern province during a routine press conference. The senior official cited the cases of a president of a financial institution who demanded “consultation fees” from the firm’s debtors, a vice mayor who took 644 million yuan in bribes, and a businessman who offered a 30 million yuan bribe in exchange for assistance from officials.

Businessman Charged with Massive Money Laundering
Yahoo News
Anti-corruption prosecutors have charged one of Romania’s richest businessmen with money laundering and abusing his position as a chief executive of a leading insurance company. The anti-corruption prosecutors’ office charged Dan Adamescu on Monday with causing 800 million lei ($197 million) in damages from 2011 to 2013 to SC Astra Insurance company, where he was chairman of the board. Prosecutors questioned Adamescu about his role in the company’s 2015 bankruptcy.

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