Report: Adelson’s Company Investigated for Bribery
The casino company owned by American billionaire Sheldon Adelson, a close ally of Prime Minister Benjamin Netanyahu, has been under federal investigation for the last year for alleged bribery of foreign officials, ABC News is reporting.
Adelson, the main donor to U.S. presidential candidate Newt Gingrich and the owner of the Israeli daily Israel Hayom, holds 49% of the Sands casino company, and according to reports, is directly involved in the company’s operations. The casino that the company set up in the Chinese island of Macau turned it into the largest gambling company in the world.
Last year, the Department of Justice and the Securities Exchange Commission launched an investigation into Adelson’s alleged bribery of Chinese officials.According to ABC, Sands casinos was allegedly cooperating with Chinese organized crime groups, known as triads, who allegedly organized high stakes gambling and sex junkets.
Chinese press reported at the time that more than 100 prostitutes were found in the casino, during a raid by local authorities. A former manager at the casino, Steven C. Jacobs, sued Sands, claiming that Adelson told him to remain silent regarding investigation taking place against the company.
Read the Forward’s groundbreaking story about the Adelson–Gingrich alliance.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
