Indian-American Lawyer Preet Bharara Fired After Refusing To Quit

March 12, 2017

Washington, Mar 12: Preet Bharara, one of the most high-profile federal prosecutors in the country, said he was fired Saturday after refusing to submit a letter of resignation as part of an ouster of the remaining U.S. attorneys who were holdovers from the Obama administration, according to people familiar with the matter.

PreetBharara's dismissal was an about-face from President Donald Trump's assurances to the Manhattan-based prosecutor in November, weeks after the election, that he wanted him to stay on the job following a meeting at Trump Tower, according to Bharara.

Two people close to Trump said the president's chief strategist, Stephen Bannon, and Attorney General Jeff Sessions wanted a clean slate of federal prosecutors and were unconcerned about any perception that the White House changed its mind about Bharara. The removal of former president Barack Obama's federal prosecutors is about asserting who's in power, the two said.

The departure of Bharara, the U.S. attorney for the Southern District of New York, capped a confusing sequence of events, beginning Friday, when acting deputy attorney general Dana Boente began making calls to 46 prosecutors asking for their resignations by the end of the day. Requests for resignation are a normal part of a transition of power from one administration to another, although both the Bush and Obama administrations let their U.S. attorneys leave gradually.

During Friday's call with Bharara, the New York prosecutor asked for clarity about whether the requests for resignations applied to him, given his previous conversation with Trump, and did not immediately get a definitive answer, according to a person familiar with the exchange.

When asked Friday whether Bharara was also being asked for a resignation letter, one White House official not authorized to speak publicly said, "Everybody's gone," and would not engage further on the issue.

On Saturday morning, when the administration had still not received Bharara's resignation, Boente attempted to call the U.S. attorney to find out why, but the two men did not immediately connect, according to people familiar with the discussions.

When they finally did speak shortly before 2:30 p.m., Boente informed Bharara that the order to submit his resignation indeed applied to him because he was a presidentially appointed U.S. attorney, according to a Justice Department official with knowledge of the conversation.

Bharara asked Boente if he was firing him and Boente replied that he was asking him to submit his resignation, the official said.

Minutes later, Bharara announced on Twitter that he was out. "I did not resign," Bharara said. "Moments ago I was fired. Being the US Attorney in SDNY will forever be the greatest honor of my professional life."

Bharara sent an email to his staff, asserting again that Boente had removed him from his job.

"Needless to say it is personally very sad for me," the note said. "This is the greatest place on Earth and I love you all. Even on a day when your U.S. Attorney gets fired it is still Thanksgiving because you all still get to do the most honorable work there is to do."

Bharara added that the office "could not be in better hands" than with the deputy U.S. attorney for the Southern District of New York, Joon Kim, whom he called "a tremendous leader and public servant and who loves the office just as much as I do."

Within the Justice Department, some are questioning whether a recent phone call from Trump to Bharara may have contributed to the decision to remove the Obama holdovers, according to a person familiar with the matter.

On Thursday, a White House aide called and left a message for Bharara, saying the president wanted to speak with him, though the prospective topic of discussion was unclear. Bharara consulted his staff and determined that it would probably be a violation of Justice Department protocols for him to speak directly to the president, this person said. That protocol exists in order to prevent political interference - or the appearance of political interference - with Justice Department work.

Bharara then contacted the chief of staff for the attorney general, Jody Hunt, told him of his own determination, and the two agreed that it would be a violation of the Justice Department protocol for Bharara to call the president back. Bharara then called the White House staffer who had left the message and said he wouldn't be talking to the president, and explained why, this person said.

It's unclear whether the Trump call and its aftermath had anything to do with Friday's decision.

Bharara, who was born in India and came to the United States as a child, had a particularly powerful perch in the criminal justice system. The Southern District of New York has 220 assistant U.S. attorneys, making it one of the largest federal prosecutors' offices in the country.

During his tenure, Bharara indicted 17 prominent New York politicians for malfeasance - 10 of them Democrats. Along with his bipartisan prosecutions, Bharara developed a reputation for being tough on insider trading, although he was criticized for the lack of prosecutions that followed the financial crisis.

Bharara was an outspoken man in a job that has been held by vocal and politically aspirant predecessors, including former New York mayor Rudolph Giuliani, FBI Director James Comey and former Supreme Court justice Felix Frankfurter.

There is no indication that the ouster of Bharara stems from a disagreement about a particular case or investigation. While the FBI has been conducting a counterintelligence inquiry looking for evidence of contacts between agents of the Russian government and Trump campaign advisers, and a former campaign adviser to Trump has been part of an investigation into possible overseas corruption, there have been no signs that Bharara's office has been involved in either of those probes or any other inquiries that might touch on the president or people close to him.

On Wednesday, watchdog groups asked Bharara to probe whether Trump has received payments or other benefits from foreign governments through his business interests in violation of the Constitution's emoluments clause, which prohibits top officials from receiving favors or payments from foreign governments.

The president complained on Twitter earlier this month that Obama had ordered wiretapping of Trump Tower during the election season - an accusation that multiple federal law enforcement officials have said is untrue - partly because presidents cannot order the FBI to wiretap Americans, and also because no such surveillance was undertaken. But Bharara was not drawn into that debate, which principally revolved around the Justice Department and FBI headquarters.

Initially after Trump won the presidency, it looked as if Bharara's position was safe. Trump brought up Bharara's name in November during a phone conversation with Sen. Charles Schumer, D-N.Y., whom the president-elect was calling to congratulate on becoming the leader of the Senate Democrats, according to people familiar with the matter. In that conversation, Trump said he was thinking of keeping Bharara in his job, these people said. Schumer praised Bharara and Trump then arranged a meeting with Bharara at Trump Tower.

During the conversation, Trump told Bharara to call Sessions, his nominee for attorney general, who also asked Bharara to stay, people familiar with the conversation said.

When Bharara was leaving, according to one person, he asked the president-elect what he should tell the reporters in the lobby. Trump told Bharara to tell them he was staying on, this person said.

Bharara told reporters afterward that the president-elect, "presumably because he's a New Yorker and is aware of the great work that our office has done over the past seven years," asked to meet with him and discuss whether he would remain in his position.

"We had a good meeting," Bharara said. "I agreed to stay on."

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News Network
March 30,2020

Geneva, Mar 30: The number of confirmed COVID-19 cases worldwide has reached 634,835, among them 29,957 fatalities, the World Health Organization (WHO) said on Sunday.

Over the past 24 hours, 63,159 people were confirmed to be infected with the novel coronavirus and 3,464 people died, the WHO said.

According to the latest situation report, the majority of the confirmed cases - more than 361,000 - are presently concentrated in Europe, with Italy leading the tally with over 92,000 cases, followed by Spain with over 72,000 cases, and Germany with over 52,000 cases.

Italy and Spain are also the countries that top the worldwide death toll from COVID-19, with 10,023 and 5,690 fatalities, respectively.

The second most affected region is currently the Americas with over 120,000 verified COVID-19 cases, of which the majority - over 103,000 - have been found in the United States. The US is also the country with the highest single tally of COVID-19 cases at the moment.
The WHO declared COVID-19 a pandemic on March 11.

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Agencies
February 16,2020

Wuhan, Feb 16: The death toll from China's coronavirus epidemic has climbed to 1,665 after 142 more people died, mostly in the worst-hit Hubei Province, and the confirmed cases jumped to 68,500, officials said on Sunday, as top WHO experts scramble to assist Beijing contain the virus spread.

China's National Health Commission confirmed 2,009 new cases across the country.

Hubei and its provincial capital Wuhan, where the virus first emerged in December, reported 1,843 of the new cases. The latest report brought the total confirmed cases in Hubei to 56,249 cases.

Of the new deaths, 139 were in Hubei, two in Sichuan, and one in Hunan, the state-run Xinhua news agency reported.

The number of new cases, however, appears to have started dropping and a top Chinese health official has said efforts to control the outbreak have reached the “most crucial stage".

The report said 9,419 infected patients had been discharged from hospital after recovery so far.

The coronavirus has posed a severe threat to the medical staff as more than 1,700 Chinese health officials have been infected by the virus while treating the patients and six of them have died.

Experts from the World Health Organisation are expected in Beijing on Sunday to join Chinese health authorities in containing the virus, which has spread to several other countries forcing them to temporarily stop tourist arrivals from China.

The health commission said a joint mission with WHO experts will pay field visits to China's three provincial-level regions to learn the effectiveness of the epidemic control measures.

One task of the mission will be to come up with standard medicine to cure the disease, according to the health commission.

Several antiviral drugs are under clinical trials and Chinese researchers have narrowed down their focus to a few existing drugs, including Chloroquine Phosphate, Favipiravir and Remdesivir, said Zhang Xinmin, director of the China National Centre for Biotechnology Development.

Experts have asked people to frequently wash hands and face, and wear masks.

Authorities have begun quarantining large quantity of bank notes and coins in the affected areas and sanitising them with UV light before releasing them back into circulation to stop the virus from spreading.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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