By Trend News Line 2024-06-23 11:36:39.
**Investigation into Egyptian Bank’s $10 Million Payment to Trump Ends with No Charges**
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Back in September 19, 2018, DC Chief Judge Beryl Howell denied a motion brought by an Egyptian bank to quash a subpoena for information on a suspected $10 million payment the bank made to then-candidate Trump in fall 2016. This decision set off litigation that continued for at least nine months across different court levels. Following the investigation, federal prosecutors were interested in understanding whether money flowing through an Egyptian state-owned bank could have backed the millions of dollars Donald Trump donated to his own campaign days before he won the 2016 election.
**Secret Investigation Uncovered**
The investigation into the Egyptian bank and its potential connection to Trump’s campaign contribution was kept so secret that investigators locked down an entire floor of a federal courthouse in Washington, DC. The probe, which lasted for more than three years, was one of the most prolonged efforts by federal investigators to understand the President’s foreign financial ties. Despite the intense scrutiny, the investigation closed this summer with no charges filed, leaving many questions unanswered.
**Legal Battles and Subpoena Compliance**
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It took months of legal battles before the Egyptian bank in question complied with the subpoena for information. Even after receiving the subpoena returns, prosecutors complained that the bank was still withholding critical information, leading to the reopening of the investigation with a new grand jury. The unsealed documentation from 2019 shed light on the extensive legal fight and the lengths prosecutors went to obtain the necessary information.
**Newly Unsealed Court Orders**
On August 17, 2023, while she was still Chief Judge, Beryl Howell ordered the government to post newly unsealed sets of some of the orders she issued during the litigation. Chief Judge Boasberg recently ordered the release of newly redacted versions of these court orders. The newly unsealed material reveals details about the fight over how much the law firm representing the Egyptian bank could disclose publicly and the objections raised by prosecutors under Robert Mueller.
**Revelations in Unsealed Documents**
Among the details newly unsealed in the original opinion are the names of two of the bank’s other lawyers: Ashraf Shaaban and Mona Zulficar. These lawyers were named in conjunction with declarations they submitted, arguing that compliance with the subpoena would be prohibited by Egyptian Anti-Money Laundering law and unspecified laws in a third country referred to as Country B. The newly unsealed passages also mention China as the third country whose laws might prevent lawyers from searching for responsive documents.
**End of a Prolonged Investigation**
The investigation into the Egyptian bank’s $10 million payment to Trump has come to an end with no charges filed. Despite the extensive legal battles and secrecy surrounding the probe, the exact nature of the relationship between the payment and Trump’s campaign remains unclear. The newly unsealed court orders provide a glimpse into the complex legal proceedings and the challenges faced by prosecutors in obtaining crucial information.
**Conclusion**
The investigation into the Egyptian bank’s payment to Trump sheds light on the intricate web of financial ties and potential foreign contributions to political campaigns. While the probe may have ended without charges, it underscores the importance of transparency and accountability in the political sphere. As the details continue to unfold, the public remains keen on understanding the full extent of foreign influence in US elections..
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