Court slams 3-year business ban, $355m fine on Trump – Newstrends
Connect with us

International

Court slams 3-year business ban, $355m fine on Trump

Published

on

Former president Donald Trump

Court slams 3-year business ban, $355m fine on Trump

A New York judge, on Friday, ordered former United States President, Donald Trump, to pay $355 million over fraud allegations. The court also banned him from running companies in the state for three years.

Trump almost certain to be the Republican presidential nominee this November was found liable for unlawfully inflating his wealth and manipulating the value of properties to obtain favourable bank loans or insurance terms.

Trump’s defence lawyer, Alina Habba, called the ruling a “manifest injustice” and vowed to appeal.

As the case was civil, not criminal, there was no threat of imprisonment. But Trump said ahead of the ruling that a ban on conducting business in New York state would be akin to a “corporate death penalty.”

Trump, facing 91 criminal counts in other cases, has seized on his legal woes to fire up supporters and denounce his likely opponent, President Joe Biden, claiming that court cases are “just a way of hurting me in the election.”

However, Judge Arthur Engoron said the financially shattering penalties are justified by Trump’s behaviour.

“Their complete lack of contrition and remorse borders on pathological,” Engoron said of Trump and his two sons, who were also defendants, in his scathing ruling.

“They are accused only of inflating asset values to make more money… Donald Trump is not Bernard Madoff. Yet, defendants are incapable of admitting the error of their ways,” he added, referring to the perpetrator of a massive Ponzi scheme.

Trump’s sons – Eric and Donald Trump Jr., were also found liable in the case and ordered to pay more than $4 million each, prompting Don Jr. to claim on social media that “political beliefs” had determined the outcome.

READ ALSO:

Engoron also extended the mandate of retired judge Barbara Jones as an independent monitor of Trump’s business affairs, as well as ordering the appointment of an Independent Director of Compliance to the Trump Organization, with candidates to be nominated by Jones.

“Conditions that Judge Engoron imposed, such as having Judge Jones monitor the Trump companies, may be onerous. I do expect an appeal,” said Richmond University law professor Carl Tobias.

It was as a property developer and businessman in New York that Trump built his public profile which he used as a springboard into the entertainment industry and ultimately the presidency.

The judge’s order was a victory for New York state Attorney General Letitia James. She had sought $370 million from Trump to remedy the advantage he is alleged to have wrongfully obtained, as well as having him barred from conducting business in the state.

– Whirlwind legal week –
Trump has repeatedly attacked James, calling her a “lunatic,” as well as smearing Engoron, who decided the case without a jury, calling him “out of control.”

During highly technical testimony, the court heard that in one case Trump valued Mar-a-Lago, his exclusive Florida club, by using “asking prices,” rather than actual sales prices, for a comparison.

“From 2011-2015 defendants added a 30 per cent premium because the property was a ‘completed (commercial) facility,’” the prosecution said, arguing it unlawfully distorted its true value.

Trump’s lawyer Chris Kise said that “there is no clear and present evidence establishing intent by Donald Trump.”

Kise acknowledged there could be errors in Trump’s corporate financial statements but none “lead to the conclusion there was fraud.”

The ruling caps a whirlwind legal week for Trump.

Trump appeared in a New York court Thursday ahead of a criminal trial, where he faces charges of illegally covering up hush money payments. This will be the first criminal trial of a former US president.

Trump’s lawyers were also representing him in Atlanta, Georgia, where he is accused of conspiracy to overturn the 2020 election, which he lost to Biden.

The prosecutor, in that case, responded with barely concealed outrage Thursday to efforts to have her removed from the case for inappropriate behaviour, testifying that her relationship with another lawyer on the case was aboveboard.

A separate trial on Trump’s attempts to overturn the 2020 election is on hold in Washington, DC, while Trump attempts to assert presidential immunity.

The twice-impeached former president is due to go on trial in Florida in May on charges of taking troves of highly secret documents when he left the presidency and thwarting officials trying to recover them.

Just last month, another New York court ordered Trump to pay $83.3 million to compensate writer E. Jean Carroll, whom he was found in a civil trial to have sexually assaulted and then defamed.

Court slams 3-year business ban, $355m fine on Trump

AFP

International

Ceasefire negotiations: Trump ‘very angry’ with Putin

Published

on

Russian President Vladimir Putin and U.S President Donald Trump

Ceasefire negotiations: Trump ‘very angry’ with Putin

Donald Trump has said he is “very angry” and “pissed off” with Russian President Vladimir Putin after weeks of attempting to negotiate a ceasefire in Ukraine.

In an NBC News interview, the US president criticised Putin for attacking Ukrainian President Volodymyr Zelensky’s credibility, and threatened to impose a 50% tariff on countries buying Russian oil if he did not agree to a ceasefire.

Last week, Putin suggested the possibility of a UN-run government in Ukraine to organise new elections and then begin peace talks.

Trump’s comments mark a change in tone towards Putin. Over the past six weeks, Trump has publicly harangued Zelensky and demanded numerous concessions from Ukraine’s president.

In turn, he has flattered Putin and largely given in to the Russian president’s demands.

European leaders had worried that Trump was cosying up to Putin.

But Trump’s comments on Sunday appeared to be a departure from that dynamic. It is the first time the US has seriously threatened Russia with consequences for dragging its feet in ceasefire negotiations, which would seem to put the diplomatic ball back in Moscow’s court.

NBC News reported that, in a 10-minute phone interview, Trump said he was very angry and “pissed off” when Putin criticised the credibility of Zelensky’s leadership, although the president has himself called Ukraine’s leader a dictator and demanded that he hold elections.

“You could say that I was very angry, pissed off, when… Putin started getting into Zelensky’s credibility, because that’s not going in the right location,” Trump said.

“New leadership means you’re not gonna have a deal for a long time,” he added.

READ ALSO:

When speaking about Putin, Trump said that the Kremlin knew of his anger, but noted that he had “a very good relationship” with the Russian leader and “the anger dissipates quickly… if he does the right thing”.

If Russia does not follow through with a ceasefire, Trump threatened to target its economy further if he thought it was Putin’s fault.

“If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russia’s fault – which it might not be… I am going to put secondary tariffs… on all oil coming out of Russia,” he said.

“There will be a 25% tariff on oil and other products sold in the United States, secondary tariffs,” Trump said, noting that the tariffs on Russia would come in a month without a ceasefire deal.

Secondary tariffs are sanctions on countries that do business with another country. They could constitute up to 50% on goods entering the US from countries still buying oil from Russia. The biggest such buyers by a long margin are China and India.

Zelensky wrote on social media following the interview that “Russia continues looking for excuses to drag this war out even further”.

He said that “Putin is playing the same game he has since 2014”, when Russia unilaterally annexed the Crimean peninsula.

“This is dangerous for everyone – and there should be an appropriate response from the United States, Europe, and all our global partners who seek peace.”

Trump said he would speak to Putin later in the week.

Moscow says the current Ukrainian authorities are illegitimate as President Zelensky has stayed in power beyond the end of his term and is therefore not a valid negotiating partner.

But Zelensky has stayed because elections have been put on hold, legally by martial law and practically by the chaos of war.

It would be almost impossible to hold a valid election with more than five million Ukrainian citizens displaced overseas and many hundreds of thousands away from home fighting on the front line.

READ ALSO:

Russia launched a full-scale invasion of its neighbour, Ukraine, in February 2022. It currently controls about 20% of Ukrainian territory.

More than 100,000 people fighting for Russia’s military have now died as the war in Ukraine enters the fourth year, according to data analysed by BBC Russian, independent media group Mediazona and volunteers who have been counting deaths since the war began.

Ukraine last updated its casualty figures in December 2024, when President Volodymyr Zelensky acknowledged 43,000 Ukrainian deaths among soldiers and officers. Western analysts believe this figure to be an under-estimate.

Also in the NBC interview on Sunday, Trump said he was “not joking” when he said he would not rule out seeking a third term in the White House, despite it being prohibited by the US Constitution.

“A lot of people want me to do it,” Trump said. “But, I mean, I basically tell them we have a long way to go.”

During the call with NBC, he also again threatened to bomb Iran if it did not agree to a nuclear deal. Trump earlier this month sent a letter to the regime demanding negotiations.

“It will be bombing the likes of which they have never seen before,” he said, noting he would also impose secondary tariffs.

On Sunday, Iran’s president Masoud Pezeshkian said the country would not enter into direct negotiations with Washington concerning their nuclear programme, but indirect talks were possible.

“We don’t avoid talks; it’s the breach of promises that has caused issues for us so far,” he said. “They must prove that they can build trust.”

Ceasefire negotiations: Trump ‘very angry’ with Putin

BBC

Continue Reading

International

In pictures: Eid celebrations around the world

Published

on

In pictures: Eid celebrations around the world

Muslims around the world are celebrating Eid al-Fitr, one of the biggest celebrations in the Islamic calendar.

Eid al-Fitr – which means “festival of the breaking of the fast” – is celebrated at the end of Ramadan, a month of fasting for many adults, as well as spiritual reflection and prayer.

 

Reuters Dozens of men standing up getting ready to prayer while one man spreads a prayer mat.

Here in Moscow, worshippers are seen preparing for prayer.

 

Reuters Overhead show of tens of people with their heads bowed towards the ground in prayer

Hundreds took part in prayers at Tononoka grounds, in Mombasa, Kenya

 

Getty Images Dozens of men and women, separated, facing towards the camera with their heads bowed down and hands clasped in front.

Prayers were also observed at a stadium in Port Sudan in the east of the country

READ ALSO:

Getty Images At least 16 men and boys wearing socks and on prayer mats with their arms clasped in front of them for prayer.

Little children joined adults at the Moskee Essalam in Rotterdam, Netherlands

 

Getty Images More than 10 children in a warmly-lit room with balloons and a bookshelf with Arabic books standing around a table full of paper bags with sweets.

Gifts are handed out to Muslim children in Lviv, Ukraine, as Russia’s war on the country continues

 

Reuters Dozens of men kneeling on prayer rugs surrounded by the rubble of a mosque facing towards an imam holding a microphone. A white tarp with the Unicef logo is seen hanging above the congregation.

Palestinians in Jabaliya in the northern Gaza Strip pray amidst the rubble of a mosque destroyed in the current war between Israel and Hamas

 

Getty Images A man holding the hands of two boys who are holding a balloon of a lion and tiger while walking past the al-Aqsa mosque

Families gather at al-Aqsa mosque in Jerusalem – the third holiest site in Islam

 

Reuters A boy in a blue and red vest jacket sits on the floor and yarns while dozens of men attending prayer stand

A boy yawns during prayers at a stadium in Qatar

 

EPA Two men wearing Islamic hats smiling and embracing each other.

Muslims greet each-other at Martim Moniz Square in Lisbon, Portugal

 

Getty Images More than 10 women with their hands clasped in front and heads bowed down in prayer

Women worshippers gather in Burgess Park, London, for an outdoor prayer

 

EPA Dozens of worshippers kneeling with their heads bowed to the ground in prayer with dozens of pairs of shoes strewn on the side outside Plebiscito Square.

There were also worshippers gathered outside Plebiscito Square in Naples, Italy

 

Reuters Dozens of women in hijabs smile and take selfies or video outside the  Hagia Sophia Grand Mosque

Some women took pictures after attending prayers at the Hagia Sophia Grand Mosque in Istanbul, Turkey

 

Getty Images Tens of men kneeling with their hands held towards them in prayer.

Afghan refugees pray at a mosque on the outskirts of Peshawar, Pakistan

In pictures: Eid celebrations around the world

BBC

Continue Reading

International

Search for survivors continue as death toll in Myanmar earthquake exceeds 1,600

Published

on

Search for survivors continue as death toll in Myanmar earthquake exceeds 1,600

The death toll in Myanmar earthquake hit 1,644, the military government said on Saturday, according to BBC, CNN, Reuters and other reports.

In neighbouring Thailand, where the quake rattled buildings and brought down a skyscraper under construction in the capital Bangkok, at least nine people were killed.

Survivors in Mandalay, Myanmar’s second-biggest city, dug with their bare hands on Friday in desperate attempts to save those still trapped, lacking heavy machinery and with authorities absent.

In Bangkok on Saturday, rescue operations continued at the site of the 33-storey tower’s collapse, where 47 people were missing or trapped under the rubble – including workers from Myanmar.

The US Geological Service’s predictive modelling estimated Myanmar’s death toll could exceed 10,000 and losses could exceed the country’s annual economic output.

A day after making a rare call for international assistance, Myanmar’s junta chief, Senior General Min Aung Hlaing, travelled to hard-hit Mandalay near the epicentre of the quake, which brought down buildings and triggered fires in some areas.

Chairman of the State Administration Council instructed authorities to expedite search and rescue efforts and address any urgent needs,” the junta said in a statement on state media, referring to Min Aung Hlaing.

Airports closed

An initial assessment by Myanmar’s opposition National Unity Government said at least 2,900 buildings, 30 roads and seven bridges had been damaged by the quake.

“Due to significant damage, Naypyitaw and Mandalay international airports are temporarily closed,” said the NUG, which includes remnants of the elected civilian government ousted by the military in a 2021 coup that triggered the civil war.

The control tower at the airport in Naypyitaw, Myanmar’s purpose-built capital city, collapsed, rendering it inoperable, a person with knowledge of the situation told Reuters.

Hospitals in central and northwestern Myanmar were struggling to cope with the influx of injured people, the U.N. Office for the Coordination of Humanitarian Affairs said, warning that damage to roads was hindering access.

Seventeen cargo trucks of shelter and medical supplies were due to arrive on Sunday to address shortages of medicines, including blood bags and anaesthetics, the agency added.

Chinese President Xi Jinping spoke by phone with the junta chief, China’s embassy in Myanmar said on Saturday, and said Beijing would provide $13.77 million worth of aid, including tents, blankets and emergency medical kits.

The United States, which has a testy relationship with the Myanmar military and has sanctioned its officials, including Min Aung Hlaing, has said it would provide some assistance.

Relief supplies from India on a military aircraft also landed in Yangon, according to Myanmar state media, and India’s government said it was also dispatching ships with 40 tonnes of humanitarian aid.

Russia, Malaysia and Singapore were also sending planeloads of relief supplies and personnel.

Continue Reading

Trending