House GOP Conference Chairwoman Elise Stefanik (R-NY) has called on U.S. Attorney General Pam Bondi to open a full-blown federal investigation into Standard Chartered Bank (SCB) and to scrutinize New York Attorney General Letitia James’ complicity in a billion-dollar terrorist financing scandal.
House Republican Chairwoman Elise Stefanik’s urgent letter to Bondi comes on the heels of a bombshell Gateway Pundit report into the Standard Chartered Bank sanctions evasion case, now before the U.S. Second Circuit Court of Appeals.
That case uncovered at least $9.6 billion in illegal payments by the bank to Iranian and Hezbollah entities—payments that directly violate U.S. Treasury sanctions and undermine national security.
These transactions were allegedly concealed from mandatory disclosures under a deferred prosecution agreement overseen by the Southern District of New York and the U.S. Attorney’s Office for Washington, D.C.
Even more disturbing, the case implicates New York Attorney General Letitia James and the Federal Reserve for ignoring these billions in illicit transactions and failing to enforce sanctions already designated by the Treasury Department.
The Gateway Pundit previously reported:
At least $9.6 billion of specifically identified illicit payments were made by SCB from its NYC branch to OFAC and known terrorist names. The $9.6 billion was found in internal trade reports turned over by bank whistleblowers and represents the first batch from SCB Dubai office that cleared through SCB NYC. There are estimated over $100 billion more of illegal payments that are more recent and from SCB China where it has 53 mainland branches that facilitate dollar trade payments for oil and war-making materials.
These payments were hidden by SCB from required disclosure in its ongoing Deferred Prosecution Agreement now under the jurisdiction of DCUSA Pirro and SDNY Clayton where both were briefed on SCB after their appointments. There are career blockers at each jurisdiction.
Involvement by the NYAG
In early 2024, NYAG was briefed by terrorist financing experts and the whistleblowers in detail on the illicit payments yet did nothing about it other than reapprove SCB annual license.
NYAG was briefed in two meetings in February and March 2024 about the $9,6 billion of illegal payments and did nothing but approve the annual renewal of SCB State banking license.
One of meetings was recorded and clearly shows that NYAG officials recognized the payments were not previously known and not in prior SCB sanctions settlements.
Five NYAG senior staff including Letitia James Deputy Scott Spiegleman were in all meetings. In late 2024, Spiegleman went to work for IBM which has a large tech contract running the SWIFT platform. IBM Promontory advised SCB to hide currency trade data.
Read more here.
Without further action, the case against Standard Chartered Bank will expire on Tuesday, August 19th.
Now, Stefanik is urging Bondi to appoint the Acting U.S. Attorney for the District of New Jersey as Special Attorney to oversee all matters involving Standard Chartered Bank, citing the immediate national security threat.
The letter singles out far-left New York Attorney General Letitia James. Public reports reveal that in 2024, James and her top aides were briefed by terrorist financing experts and whistleblowers about the illicit payments.
Instead of taking action, James greenlit the bank’s annual license, effectively allowing Standard Chartered to keep operating without consequences.
Stefanik wants to know: Was James coordinating with the Biden administration to cover up terrorist financing?
“Alarmingly, public reports indicate that in 2024 New York’s Attorney General Letitia James and her top lieutenants were briefed by terrorist financing experts and whistleblowers about these payments.
NYAG James not only did nothing about this but she then approved the bank’s annual license. NYAG James’ failure to act raises many concerning questions including what else did she know about these illicit payments and was she coordinating with the Biden Administration to ignore these payments.
Through reports from whistleblowers we also know that Standard Chartered Bank used servers based in Newark, New Jersey to execute these payments.
Due to the immediate national security risks presented by Standard Chartered Bank’s activity and NYAG James’ failure to act I ask that you appoint the Acting U.S. Attorney for the District of New Jersey as Special Attorney to the Attorney General in charge of all matters involving Standard Chartered Bank.”
Here is the full letter sent out on Thursday by Chairwoman of the House Republican Leadership, Elise Stefanik.
The post BIG DEVELOPMENT: House GOP Conference Chairwoman Elise Stefanik Demands AG Pam Bondi Launch a Full Investigation into Standard Chartered Bank’s Terrorist Financing and Letitia James’ Role in the Explosive Scandal appeared first on The Gateway Pundit.