Tuesday October 23, 2018
Home U.S.A. US President-...

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

0
//
162
President Barack Obama meets with President-elect Donald Trump at the White House, Nov. 10, 2016. (Photo: J. Oni / VOA)
Republish
Reprint

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.

Check out NewsGram for latest international news updates.

 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.”

NewsGram brings to you current foreign news from all over the world.

“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.

Check out NewsGram for latest international news updates.

 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.

NewsGram brings to you top news around the world today.

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)

Click here for reuse options!
Copyright 2016 NewsGram

Next Story

President Donald Trump Key Force In Driving The Midterms Elections

Trump’s name will not appear on the Nov. 6 ballots, but, he will clearly be front and center in the minds of voters

0
Donald Trump
President Donald Trump speaks at a rally endorsing the Republican ticket in Erie, Pennsylvania, VOA

Three weeks before a crucial U.S. midterm election, it would be difficult to find much that Democrats and Republicans agree on. Both parties, however, seem to agree on one thing: President Donald Trump will be the key issue in elections that will determine control of Congress for the next two years.

For many voters, the “Trump factor” could be a deciding consideration in this year’s midterms. And as the president campaigns on behalf of Republicans around the country, he is quick to remind his supporters that he has a huge personal stake in the outcome on Nov. 6.

“All of this extraordinary progress is at stake,” Trump told a recent rally in Southaven, Mississippi. “I’m not on the ballot. But in a certain way, I am on the ballot. So please, go out and vote. Go out and vote.”

Motivating Democrats

As much as Trump motivates his core supporters, he also energizes critics like Jenny Heinz, who helped organize a recent anti-Trump rally in New York City.

“There is an active resistance to this president, who is operating as if he is above the law.”

No question, Trump is the central figure in this year’s election, according to American University analyst David Barker.

“Yes, Democrats from the day after the election in 2016 have been waiting for this day, and it is all about Trump,” Barker told VOA. “Trump fully embraces that. He wants it to be all about him.”

Historically, midterm elections have been a mix of local issues, local candidates, and partly a referendum on the sitting president.

This year’s campaign seems to have accelerated a trend whereby midterm congressional elections have increasingly become nationalized.

“It really is now all national, and everyone is kind of looking at this as either a referendum for or against the president and his party,” said George Washington University expert Lara Brown.

Trump
supporters of President Donald Trump, wearing Mike Braun for Congress shirts, cheer as he arrives for a campaign rally at the Ford Center in Evansville, Ind. VOA

In the latest Washington Post-ABC News poll, a majority of voters in both parties said a congressional candidate who shares their view of Trump is an important consideration as they assess the coming midterms.

Seizing the spotlight

Unlike some presidents who have tried to resist the idea that the midterms are a presidential referendum, Trump has willingly embraced it.

Former Trump strategist Steve Bannon told Associated Press Television that he favors the approach.

“I think if you make this a national referendum and nationalize this election on the success of President Trump’s program, it is a clear winner, and I think the Democrats get crushed.”

Others are skeptical, including former Republican National Committee Chairman Michael Steele.

“All right, fine. You want it to be about you? Well, every candidate on the ballot now has to account for your behavior, has to account for your tweets,” said Steele, a recent guest on VOA’s Plugged In with Greta Van Susteren.

Climate Change, Trump
President Donald Trump speaks during a meeting in the Oval Office of the White House in Washington. VOA

Trump hopes to boost Republican turnout in November; but, Democrats argue he is likely to be just as effective in spurring their voters to the polls.

Maryland Democratic Representative Dutch Ruppersberger also spoke on Plugged In.

“When all you do is care about yourself and not about people, not about what they need – like your seniors needing medical care. And you just want to look good and knock them out (politically), which is happening, this is hurting. And this is why, I think, a lot of people will come out (to vote).”

Tending the base

Trump has been aggressive on the campaign trail courting his base, especially in Republican-leaning states where many of this year’s closer Senate races are taking place.

“They are focusing on their base, and they are trying to make sure that they are going to show up and vote. And it could make some difference in close midterm elections,” said University of Virginia analyst Larry Sabato.

Trump, USA
House Speaker Paul Ryan of Wis. administers the House oath of office to Rep. Dutch Ruppersberger, D-Md., during a mock swearing in ceremony on Capitol Hill in Washington, . VOA

Some Republicans have urged Trump to try and broaden his appeal beyond his base during campaign visits this year.

But Gallup pollster Frank Newport said the president has limited options.

Also Read: Obama On Why Its Important To Vote In This Midterm Elections

“He has kind of given up on attempting to broaden his appeal, it looks like. It fits more with his style,” said Newport. “He has, as we all know, a very combative style. He likes to have enemies because that gives him somebody to fight against. So, it would be hard for a president like Trump anyway to try and broaden his appeal.”

Trump’s name will not appear on the Nov. 6 ballots, but, he will clearly be front and center in the minds of voters, and the midterm results could determine the future of his presidency. (VOA)