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US President-elect Donald Trump to retain high-profile Indian American Prosecutor Preet Bharara appointed by Obama

Bharara has the reputation of being a crusader against financial institutions

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President Barack Obama meets with President-elect Donald Trump at the White House, Nov. 10, 2016. (Photo: J. Oni / VOA)

New York, Dec 1 2016: US President-elect Donald Trump is going to keep Indian American Preet Bharara in his job as a high-profile federal prosecutor with charge of Wall Street and important security matters in New York.

Bharara, who was appointed by President Barack Obama, told reporters after meeting with the president-elect on Wednesday that Trump asked him to continue as the US District Attorney for Southern New York and “I agreed to stay on.”

Bharara has the reputation of being a crusader against financial institutions that have been blamed for the recent great recession and have been attacked by Trump for causing economic hardship around the nation.

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 He has taken action against major banks like Citibank and JP Morgan Chase, forcing them to pay billions of dollars to the government to settle the cases.

He has prosecuted over 100 of Wall Street executives for criminal activities like stock trading irregularities using insider information.

Trump retains officer from Obama administration
Prosecutor Preet Bharara, Wikimedia

They include several Indians like Rajat Gupta, the former head of the consulting company McKinsey and Goldman Sachs director, who served two years in jail for colluding with the Sri Lankan American hedge fund operator Raj Rajaratnam in a stock market scam.

The meeting with Trump and the offer to have Bharara is unusual both because he is a Democrat and an Obama appointee – the only one so far that the Republican has said he will keep on – and because despite its visibility, the job is not of the high-level that Trump is currently trying to fill.

Therefore, it shows the importance Trump attaches to the areas of potential prosecution that Bharara oversees.

Like Bharara, Trump is highly critical of Wall Street manipulations and irregularities, saying: “Wall Street has caused tremendous problems for us.”

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“I’m not going to let Wall Street get away with murder,” Trump has declared, and Bharara would be his minion to ensure that.

Bharara has prosecuted several New York politicians for corruption. The senior-most among them is state assembly Speaker Sheldon Silver, a Democrat, who was given a 12-year sentence for corruption.

Bharara, whose full name is Preetinder Preet Singh Bharara, was born in Ferozepore in 1968 and immigrated to the US as a child.

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 He sparked a diplomatic stand-off between India and the United States in 2013 when he had a Dalit Indian diplomat, Devyani Khobragade, arrested and strip-searched over allegations that she had made a false statement in the visa application for her maid.

Other diplomats accused of similar offenses were not similarly treated by Bharara and the humiliating action against Khobragade, the Deputy Consul General in New York, brought retaliatory action against by India against US diplomats in India.

Secretary of State John Kerry expressed regret for the incident and the matter was diplomatically resolved with her being allowed to leave the US without prosecution.

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Citibank paid a $158 million fine to settle a case Bharara brought against it for misleading the government about loans and in another case made a $7 billion payment to the government after Bharara began investigating its Mexican unit.

JP Morgan Chase was made to forfeit $7 billion for failing to inform authorities about a massive investment fraud by a client. (IANS)

Next Story

Donald Trump Trolled on Twitter after He Says Moon is a Part Of Mars

As soon as Trump tweeted, people from around the world started trolling him with witty one-liners, jokes and memes

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Donald Trump, Trolled, Twitter
Trump's remarks came a day after NASA Administrator Jim Bridenstine told USA Today that US astronauts would not be able to make a lunar landing . VOA

US President Donald Trump has left people astonished with his knowledge of space and the universe and has become a laughing stock yet again after he claimed that the moon is a part of Mars.

In a tweet on Friday, he said: “For all of the money we are spending, NASA should NOT be talking about going to the Moon – We did that 50 years ago. They should be focused on the much bigger things we are doing, including Mars (of which the Moon is a part), Defence and Science.”

Trump’s remarks came a day after NASA Administrator Jim Bridenstine told USA Today that US astronauts would not be able to make a lunar landing by 2024 unless Trump administration’s $1.6 billion budget increase request is not approved by the US Congress.

As soon as Trump tweeted, people from around the world started trolling him with witty one-liners, jokes and memes.

Donald Trump, Trolled, Twitter
US President Donald Trump has left people astonished with his knowledge of space . VOA

“Sigh! His dad must have paid his way through astronomy class too!” wrote American long-distance runner Ryan Hill.

“Trump’s knowledge on this matter is one small step for man, one giant leap backwards for mankind,” said Emmy-nominated filmmaker Jeremy Newberger.

“Based on the President’s track record here on Earth, I don’t think NASA needs his input on how to handle space,” tweeted Sam Vinograd, national security analyst at CNN.

Earlier in May, Trump, who is infamous for making controversial statements, war threats and spelling errors on his Twitter handle, confessed that he uses Twitter as a “typewriter”.

Also Read- Don’t Stand and Eat, it May Up Stress and also Mute Taste Buds

Later, Twitter Co-founder, Ev Williams called Trump “master” of the platform, arguing the potential negative effects of the President’s tweets on the country’s political discourse are “trivial compared to the effect of the broader media”.

Mars has two moons – Phobos and Deimos – however, the Moon which orbits the Earth is not a part of the Red Planet. (IANS)