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April 12, 2010
Congressman's Letters to Timothy Geithner and David Stern on Prokhorov and Zimbabwe
via Develop Don't Destroy Brooklyn
Press Release from NJ Congressman Bill Pascrell:
Rep. Pascrell Calls Upon Treasury Department To Investigate Mikhail Prokhorov's Business Dealings In Zimbabwe; Asks Nba Commissioner If Issue Was Raised During Vetting Of Russian Billionaire Vying To Buy The N.J. Nets
Prokhorov's interests in Zimbabwe in violation of U.S. sanctions, according to The New York Post
PATERSON—U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today called upon U.S. Treasury Secretary Timothy Geithner to investigate would-be New Jersey Nets owner Mikhail Prokhorov upon revelations in today's edition of The New York Post that the Russian billionaire has been doing business in Zimbabwe. Prokhorov's dealings in the nation oppressed by dictator Robert Mugabe's regime are in apparent violation of U.S. economic sanctions that have been in place since 2003.
The congressman also wrote today to NBA Commissioner David Stern asking if the basketball league became aware of Prokhorov's business interests in Zimbabwe during the thorough background check it pledged to conduct.
Click thru for the full text of the letters.
Posted by eric at April 12, 2010 11:38 PM