May 13, 2008

Adelson Questioned by Israeli Detectives As Part of Olmert Bribery Probe

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Las Vegas casino mogul Sheldon Adelson was questioned today by Israeli fraud squad detectives in connection with their fast moving probe of possibly illegal payments from an American businessman to Israeli prime minister Ehud Olmert. Israeli newspaper Ha’aretz reports:

Fraud squad detectives on Tuesday questioned American real estate mogul Sheldon Adelson in connection to the new corruption investigation into Prime Minister Ehud Olmert.

Adelson, 73, earned his fortune developing huge hotel, convention and gambling properties in Las Vegas and, recently, in China.

The billionaire was asked whether Olmert had requested he acquire for his hotels mini-bars marketed the key witness in the probe, American Jewish businessman Morris Talansky, from whom the prime minister is suspected of illicitly accepting large sums of cash.

Adelson is one of the owners of the free Israeli daily Israel Hayom paper and is considered a close associate of opposition leader Benjamin Netanyahu.

Israeli media report that a second American businessman, Daniel Abrams, has also been questioned by Israeli fraud police as part of the same investigation. “Daniel Abrams is suspected of transferring money from New York financier Morris Talansky to Olmert,” the Jerusalem Post reported. “Abrams, a broadcast executive and former news correspondent, is also allegedly involved in two other scandals involving the prime minister – the Bank Leumi affair and the case of Olmert’s Jerusalem home purchase.”

World leaders including President Bush are descending on Israel these days for events to mark the country’s 60th anniversary, including a conference slated to feature Bush and Olmert hosted by Israeli president Shimon Peres.

(Photograph of Adelson via Ha’aretz).

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WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

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