Connect with us

International News

Trump Receives Reprieve As Court Cuts Bond Demand In Fraud Case

Published

on

Former President Donald Trump was granted a significant reprieve on Monday as an appeals court reduced a potentially crippling demand for a nearly half-billion-dollar bond payment and extended his deadline by 10 days.

The development came during Trump’s attendance at a separate hearing for his impending criminal trial related to payments made to a prominent porn star.

Previously facing a looming deadline to pay a substantial bond in his New York civil fraud case, Trump expressed difficulty in meeting the $454 million requirement, risking seizure of parts of his property empire by New York state.

With the court’s decision, he now has an extended timeframe of 10 days to pay a reduced sum of $175 million.

On his Truth Social app, Trump announced his intention to comply with the Appellate Division’s decision, committing to post either a bond, equivalent securities, or cash.

The 77-year-old Republican commenced a day marked by dual legal challenges in a Manhattan courtroom, where a hearing was convened to reschedule his trial concerning payments made to porn star Stormy Daniels just before the 2016 presidential election to prevent the disclosure of a sexual encounter.

Addressing reporters outside the courtroom, Trump denounced the proceedings as a “witch hunt” before proceeding inside.

The hush money trial, originally slated to commence on Monday, faced an eleventh-hour delay due to the belated production of tens of thousands of pages of potential evidence by prosecutors.

Manhattan District Attorney, in discussions with Judge Juan Merchan, indicated a willingness to accommodate a postponement of up to 30 days for the trial’s commencement.

Conversely, Trump’s legal team has petitioned for a more substantial delay, seeking a minimum of three months to adequately prepare for the proceedings.

On his Truth Social platform, Trump vehemently condemned both legal cases as politically motivated assaults, strategically timed ahead of the November 5 presidential election, where he is expected to once again contend against Democratic incumbent Joe Biden.

In a fiery post, Trump asserted, “These are Rigged cases, all coordinated by the White House and DOJ for purposes of Election Interference. No crime. Our Country is CORRUPT!”.

Trump remains a vocal critic of a judicial system he perceives as stacked against him, consistently decrying it as “fixed.”

He has singled out New York Attorney General Letitia James, accusing her of racism, and Judge Arthur Engeron, whom he has branded as “crooked,” particularly in the context of his civil fraud case.

However, amidst these legal challenges, Trump received a financial boon last week with the announcement that Truth Social is poised to go public through a merger. This transaction holds the potential to generate billions of dollars for Trump.

Although Trump will be unable to access the funds for six months, the upcoming public debut of Truth Social could potentially bolster his ability to secure a bond.

Nevertheless, in the event of non-payment, New York Attorney General Letitia James retains the authority to freeze Trump’s bank accounts or initiate proceedings to seize some of his properties in New York.

Trump’s legal team has consistently sought to delay his numerous trials, with the ultimate aim of postponing them until after the presidential election.

One such trial involves adult film actress Stormy Daniels, known legally as Stephanie Clifford. In this case, Trump faces allegations of unlawfully using campaign funds to ensure her silence regarding an alleged 2006 sexual encounter.

Had Stephanie Clifford spoken out, the consequences for Trump’s presidential aspirations could have been devastating, particularly following closely on the heels of another scandal.

This previous incident involved a leaked recording in which the married businessman boasted about his ability, as a celebrity, to inappropriately touch women.

Trump stands accused of orchestrating the hush money payments in a manner that allegedly involved falsifying business records, constituting illegal conduct.

If convicted, the former president could potentially face a prison sentence of up to four years, underscoring the gravity of the charges against him in this ongoing legal saga.

3 Comments
0 0 votes
Article Rating
Subscribe
Notify of
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
mostbet np mobile app
9 months ago

665131 627772I surely didnt know that. Learnt one thing new these days! Thanks for that. 891503

mostbet update
9 months ago

142817 85498Music started playing anytime I opened this web internet site, so annoying! 421650

browse this site
9 months ago

620313 118620Heya just wanted to give you a brief heads up and let you know several with the pictures arent loading properly. Im not certain why but I think its a linking concern. Ive tried it in two different web browsers and both show the same outcomes. 818342

International News

Bangkok Underwater: Nearly 4,900 Evacuated as Floods Hit Thailand Capital

Published

on

Heavy rains have triggered severe flooding across parts of Bangkok, Thailand, forcing nearly 4,900 residents to evacuate to shelters as floodwaters swept through roads and residential areas.

The flooding has disrupted movement across parts of the Thai capital, with motorists and pedestrians forced to navigate submerged roads and seek alternative routes.

SEE ALSO: NAFDAC Warns Nigerians As Fake Cowbell Milk Floods Market

According to the Bangkok Metropolitan Administration, about 52,000 households have been affected by the flooding, prompting authorities to declare a flood disaster and intensify emergency response efforts.

Emergency teams have been deployed to assist affected communities and move residents from vulnerable areas to safer locations as water levels rise.

Bangkok is accustomed to seasonal heavy rainfall, but intense downpours can overwhelm drainage systems, particularly in low-lying areas, resulting in widespread flooding and disruption.

Authorities are continuing to monitor affected locations while coordinating evacuations and other emergency measures.

For thousands of residents, the immediate priority remains securing safe shelter and protecting homes and livelihoods as authorities work to manage the situation and restore normal activities once the floodwaters recede.

Continue Reading

International News

‘They Are Dying’ — Trump Explains Why He Rejected Iran’s Hormuz Proposal

Published

on

US President Donald Trump has explained his decision to reject Iran’s latest proposal to reopen the Strait of Hormuz, saying Tehran was seeking an agreement because it was losing revenue.

Speaking to reporters at the White House, Trump said Iran wanted to immediately reopen the strategically important waterway but argued that the proposal was not acceptable to his administration.

“They want to make a deal, and I think that’s fine. I like making a deal, too, but that deal would not be acceptable,” Trump said.

SEE ALSO: How the Strait of Hormuz Attack Could Trigger a Fresh Global Oil Shock

According to the US president, Iran’s push to reopen the strait was driven by the economic pressure it was facing.

“What they want to do is immediately open the Hormuz Strait. Do you know why? Because they are dying,” Trump said.

“You know why they’re dying? Because they have no money coming in, because they get their money from the Hormuz Strait.”

Trump also claimed that the US had established an unprecedented naval blockade against Iran, describing it as “a wall of steel.”

“So they outsmarted themselves. We put up the greatest blockade ever in military history. It’s a wall of steel,” he said.

“And guess what? They don’t have any money now because they wanted to close the strait.”

The Strait of Hormuz is a major global energy shipping route, and disruption to traffic through the waterway has significant implications for international oil markets and countries that depend on energy imports.

Trump’s remarks came amid continued tensions between Washington and Tehran over the reopening of the strategic waterway and negotiations involving Iran.

Continue Reading

International News

‘Another Oil Shock Is Coming’ — Badenoch Calls for North Sea Drilling Amid Middle East Supply Disruptions

Published

on

Conservative Party leader Kemi Badenoch has warned that another global oil shock could be looming amid disruptions to key energy infrastructure and shipping routes in the Middle East.

Badenoch made the warning in a post on X on Sunday, September 20, while pointing to the recent drone attack on Saudi Arabia’s East-West oil pipeline, restrictions affecting the Strait of Hormuz and threats to shipping around the Red Sea.

“Saudi Arabia’s East-West oil pipeline has been damaged by drone attacks. The strait of Hormuz is restricted, Houthi bandits threaten shipping routes into the Red Sea. Another oil shock is coming,” Badenoch wrote.

SEE MORE: Middle East Crises Pump Fuel Prices Upwards with Attacks on Iran, Saudi Arabia

She criticised the UK government’s handling of the situation and argued that Britain should increase domestic oil and gas production.

“Yet our Prime Minister and his Cabinet are behaving like a flock of ostriches, heads buried so deep in the sand they could strike oil themselves,” she added.

“The answer is simple: DRILL OUR OWN OIL AND GAS IN THE NORTH SEA.”

Saudi oil pipeline hit by drone attack

The warning comes after Saudi Arabia’s critical East-West oil pipeline was damaged in a drone attack earlier this month.

The 1,200-kilometre pipeline, operated by Saudi Aramco, transports crude oil across Saudi Arabia to the Red Sea port of Yanbu, providing an alternative export route when shipping through the Strait of Hormuz is disrupted.

Saudi officials said the September 11 attack involved drones coming from Iraq. No group had claimed responsibility for the attack in initial reports.

A subsequent Reuters analysis of satellite imagery found that three pumping stations, rather than two previously identified, had been damaged.

Industry sources disclosed that repairs could take between five and six weeks, although partial operations could resume sooner.

The pipeline had been carrying around 4 million to 5 million barrels of crude oil per day, equivalent to approximately 4% to 5% of global oil supply. Its shutdown has therefore raised concerns about additional pressure on already-disrupted global energy supplies.

The attack also affected Saudi oil exports.

Reuters reported on September 18 that Saudi Aramco had informed at least two European refining customers that they would receive no Saudi crude deliveries in October, following the pipeline disruption.

Hormuz and Red Sea disruptions

The pipeline attack has occurred against the backdrop of continuing disruption around the Strait of Hormuz, a major route for global oil shipments.

The East-West pipeline had become particularly important because it allowed Saudi Arabia to move crude to the Red Sea without relying entirely on the Strait of Hormuz. Reuters reported that the pipeline had served as a major alternative route while the strait was largely shut by the ongoing conflict.

Shipping through the Red Sea is also facing renewed security concerns following advances and attacks by Yemen’s Iran-aligned Houthi movement.

According to report on September 17, there is continued tensions involving the Houthis and Saudi Arabia were adding to concerns over regional energy infrastructure and shipping.

Earlier today, there are fresh Houthi claims of missile and drone attacks targeting strategic sites in Riyadh, with the developments contributing to renewed pressure on Saudi and Gulf markets.

 

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

3
0
Would love your thoughts, please comment.x
()
x