Trump ally sought millions in UAE investments: prosecutors

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Al-Araby

A billionaire fundraiser for former US President Donald Trump’s campaign sought investment from two United Arab Emirates sovereign wealth funds at the same time he was illegally lobbying for the country, prosecutors said on Tuesday. In a new indictment filed in federal court in Brooklyn, prosecutors said an investment management firm run by Thomas Barrack received capital commitments from the unnamed UAE funds totaling $374 million in 2017, after receiving no new funds from the country from 2009 to 2016. New superseding indictment: Trump ally and inaugural committee chair Tom Barrack sought hu…

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