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Monday, August 6, 2012

''Las Vegas Sands target of US money-laundering probe, WSJ says''

From Malaysian Insider

''Las Vegas Sands Corp, controlled by billionaire Republican donor Sheldon Adelson, is the target of a federal investigation into possible violations of US money-laundering laws, the Wall Street Journal reported today.

The Los Angeles US attorney’s office is looking into the casino company’s handling of the receipt of millions of dollars from a Mexican businessman, later indicted in the United States for drug trafficking, and a former California businessman, later convicted of taking illegal kickbacks, the Journal said, citing lawyers and others involved in the matter.

Adelson, who owns casinos in Las Vegas, Macau and Singapore, began this campaign season as a major donor to Newt Gingrich before Gingrich dropped out of the Republican presidential race. He has since switched his support to Romney and last month was in Jerusalem with the candidate when Romney met Israeli Prime Minister Benjamin Netanyahu, who Adelson also strongly supports.''

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