Gingrich Backer Sheldon Adelson Faces Questions About Chinese Business Affairs

105942373 Gingrich Backer Sheldon Adelson Faces Questions About Chinese Business Affairs

Former Speaker of the House Newt Gingrich

Republican presidential candidate Newt Gingrich is having a tough enough time with front-runner Mitt Romney surging in the polls prior to the upcoming Florida primary. Now he may also have to contend with pesky questions about a government probe into the overseas business affairs of Las Vegas billionaire Sheldon Adelson, who may be the financial savior of  Mr. Gingrich’s campaign.

Mr. Adelson’s Las Vegas Sands Corporation has been under federal investigation since early 2011 by the Department of Justice and the Securities Exchange Commission for possible violations of the Foreign Corrupt Practices Act (FCPA). ABC News reports that corporate documents contain allegations of bribing officials on the Chinese island of Macau.

A separate civil suit filed in Nevada in 2010 alleges Mr. Adelson ordered Steven Jacobs, the former C.E.O. of Las Vegas Sands Corp’s Chinese affiliate, to stay quiet about alleged entanglements “with Chinese organized crime groups, known as Triads.” Mr. Jacobs’s suit characterized Adelson’s demands as “repeated and outrageous.” Mr. Jacobs also claimed Mr. Adelson wanted him to essentially manipulate Macau officials to assist company business interests in the region.

Mr. Adelson, a long-time backer of conservative causes and Republican candidates, has given as much as $10 million to “Winning Our Future,” a Super PAC supporting Gingrich’s presidential campaign.

Mr. Adelson has appeared unruffled by the investigation, stating publicly that the lawsuit was “not a serious case” and he was “1,000 percent positive” that once the smoke has cleared “there won’t be any fire below it.” He also told the Wall Street Journal that Mr. Jacobs was “fired for cause” and the ex-CEO’s charges are “outright lies an fabrications” originating “in delusion.”

The Gingrich campaign didn’t respond ABC’s requests for comment on the story.

[ABC]

Comments

  1. I wonder if any of this is  “Political” ?

    Newt is fighting the GOP Establishment and their allies the (RICO”S) Republicans in Checkbook Only.

    Who are writing checks his Super Pac faster than the Super Pac can spend the money.

    The Super Pac put Romney back together with “SUPER PAC  GLUE”
    So now you see the power of “SUPER PAC GLUE”

    But we all know once something has broken it will break again.

    Go Newt Go

    Before there was the “Oracle at Delphi” there was Count Vampire J. Machiavelli

    VJ Machiavelli
    Power to the People who “VOTE”

  2. John Balzer says:

    Adelson is the king of bribery. Gingrich will be lucky to keep the dirt off of him. New Yorkers should know that Adelson is competing in Florida with Genting on building a big casino. Genting is the same benevolent company engaged by the Governor to turn the blighted area of Queens into a visitors masterpiece. So . . . the reverberations of this will be felt by us all.

  3. Sheep Organs says:

    Adelson only bribes politicians in other countries so nothing to see here,

    The Foreign Corrupt Practices investigation of  Las Vegas Sands is almost a year old.  It would be great if a reporter could dig some actual “news” on the inquiry.