US Election 2020 - final results will be days off: Tighter than expected vote may take days to resolve

Mr Trump, a Republican, claimed to have won and vowed to launch a Supreme Court challenge, baselessly alleging fraud, while Mr Biden, a Democrat, said he was "on track" to victory.

Read more at: US Election 2020: Tighter than expected vote may take days to resolve - BBC News

Turkey: Erdogan and AKP show their real faces following losses at the Municipal elections in Turkey. Local and foreign observers call Government sore losers and abusers of their powers

Mr Erdogan and his AKP party are showing their real manipulative faces following their losses in major Turkish cities during the municipal elections in Turkey by not accepting most of the results.

Protests have been lodged by the EU and the US to Turkey for this undemocratic manipulative behavior by the Erdogan Government following the Municipal Elections

Read more at:

https://www.bbc.com/news/world-europe-47799291

TURKEY MUNICIPAL ELECTIONS: Opposition sweeping all the big cities with AKP trying to fiddle with the votes in Istanbul

"Turkey's main opposition candidate says 'very clear' he won Istanbul" -

Read more at:
http://www.reuters.com/article/us-turkey-election-chp/turkeys-main-opposition-candidate-says-very-clear-he-won-istanbul-idUSKCN1RC0UX

French Pres.Elections: Macron launches legal suit after Le Pen repeats 'Bahamas bank account' rumours

Putin and Le Pen in Moscow

French prosecutors have opened an investigation after Marine Le Pen repeated rumours that Emmanuel Macron had a hidden offshore bank account in the Bahamas during Wednesday night's live TV debate. Macron said her suggestion was "defamation".

Macron's team had earlier announced that the candidate had lodged an official complaint over "the spreading of false information" to try to influence the result of an election.

The complaint was filed the morning after a memorable live TV debate between the two presidential election candidates.

During one particularly heated exchange in a debate marked by insults and invective the pair argued about the legal issues they faced.

After Macron said it wasn’t him that was under investigation by police, referring to the fake jobs allegations facing Le Pen, the far right candidate replied: “I hope we don’t discover you have an offshore account in the Bahamas.”

Macron warned her that her suggestion was "defamation".

Judicial sources told AFP prosecutors in Paris had opened a probe following the complaint from Macron, which comes three days before Sunday's presidential run-off vote.

A source close to the case told AFP, the complaint targets "information that circulated Wednesday night on the internet" (probably from Russian sources)  alleging tax evasion in the Bahamas.

Read more: Macron launches legal suit after Le Pen repeats 'Bahamas bank account' rumours - The Local

French Presidential Elections: EU MEPs act to strip Le Pen of immunity in fake jobs case

Le Pen and Putin during their recent meeting in Moscow

The European Parliament launched a procedure to lift immunity of French far-right leader Marine Le Pen on Wednesday (26 April) over claims she misused funds.

The assembly's president Antonio Tajani announced that a request from French judges had been forwarded to its legal affairs committee. The process is scheduled to begin in June.

The move comes as Le Pen, an anti-EU politician who has been an MEP since 2004, campaigns for the second round of the French presidential election on 7 May.

French judges requested her immunity be lifted at the end of March over claims of undue payments to members of her National Front (FN) party.

The parliament alerted the EU's anti-fraud office, Olaf, in 2015 after it discovered that about 20 people paid as assistants to FN MEPs were also listed as working at the party's headquarters near Paris.

According to a report leaked by French media earlier this year, Olaf found that Le Pen signed work contracts for her bodyguard and her head of cabinet assistant. It said the contracts could constitute a "misappropriation of funds, or fraud and use of fraud".

Last September, Le Pen was asked by the parliament to repay €339,946 to cover the salaries of the two assistants.

Paris judges opened a case against the FN over embezzlement, organised fraud, forgery, and undeclared work. They searched the party's headquarters in February.

Le Pen's head of cabinet, Catherine Griset, was charged a few days later.

According to Le Monde newspaper, judges found a document that could prove that the FN established a system to fund the party with EU parliament money.

"In the coming years, we can manage only by making large savings thanks to the European Parliament and if we obtain additional transfers," FN treasurer Wallerand de Saint Just wrote in a note to Le Pen, according to Le Monde.

On Thursday, the AFP press agency said parliament told judges the cost of the alleged fake jobs between 2012 and 2017 was €4,978,122.

Le Pen has denied any wrongdoing and said that the case was "persecution by political opponents".

She has so far refused to comply with court summonses, but losing her immunity would oblige her to obey.

The EU parliament already lifted her immunity in an unrelated case in March. She is under investigation in France after posting on Twitter, in 2015, pictures of men being tortured and killed by the Islamic State (IS) militant group, to protest against the comparison between IS and her National Front party by a journalist.

Le Pen, who came second in the election first round on Sunday, wants France to leave the euro and has promised to organise a referendum on the country's EU membership.

Read more: MEPs act to strip Le Pen of immunity in fake jobs case

Turkey Referendum Fraud: "Erdogan Uber Alles", as even the law is not sacred anymore in Turkey

Erdogan's Democracy In Action

Less than 24 hours after Erdogan declared "victory", Tana de Zulueta, head of the monitoring mission of the OSCE/ODIHR, offered a harsh analysis on the way the Turkish referendum was conducted.

In a damning statement, she said: "The legal framework for the referendum neither sufficiently provides for impartial coverage nor guarantees eligible political parties equal access to public media."

The ruling party and the president were given preference in the allocation of free airtime, she said. 

The campaign framework was described as "restrictive" and "imbalanced" because of the involvement of Erdogan and other national and local public figures in the "yes" campaign. 

De Zulueta also said that monitors saw 'No' supporters subjected to police intervention at events while also being equated to terrorists by senior officials in the 'Yes' camp, during a fractious campaign period. Monitors also said that the change in ballot validity rules was deemed to have undermined "an important safeguard and contradicting the law." 

The Turkish High Electoral Board at first said it would not accept ballots that were missing ballot commission stamps. But it announced a changed of course after voting was underway Sunday, saying it would accept unstamped ballots "unless they are proven to have been brought from outside." 

Given the fraud and controversy so far surrounding the Turkish referendum,  leaders of member states of the European Union have been cautious about the results of the referendum in Turkey.and no EU leader sent the traditional congratulations message to President Recep Tayyip Erdogan for his victory so far.

EU-Digest

Turkey votes to expand president’s powers wih minimal margin; critics cry fraud - by E. Becatoros, S. Fraser and Z.Bilginsoy

Turkey Referendum :Erdogan 's intimidation worked  barely

Turkish President Recep Tayyip Erdogan won a historic referendum Sunday that will greatly expand the powers of his office, although opposition parties questioned the outcome and said they would challenge the results.

With 99 percent of the ballots counted, the “yes” vote stood at 51.37 percent, while the “no” vote was 48.63 percent, according to the state-run Anadolu Agency. The head of Turkey’s electoral board confirmed the “yes” victory and said final results will be declared in 11-12 days.

Although the margin fell short of the sweeping victory Erdogan had sought in the landmark referendum, it could nevertheless cement his hold on power in Turkey and is expected to have a huge effect on the country’s long-term political future and its international relations.

The 18 constitutional amendments that will come into effect after the next election, scheduled for 2019, will abolish the office of the prime minister and hand sweeping executive powers to the president.

In his first remarks from Istanbul, Erdogan struck a conciliatory tone, thanking all voters no matter how they cast their ballots and calling the referendum a “historic decision.”

“April 16 is the victory of all who said ‘yes’ or ‘no,’ of the whole 80 million, of the whole of Turkey,” Erdogan told reporters in address that was televised live.

But he quickly reverted to a more abrasive style when addressing thousands of flag-waving supporters in Istanbul

“There are those who are belittling the result. They shouldn’t try, it will be in vain,” he said. “It’s too late now.”

Responding to chants from the crowd to reinstate the death penalty, Erdogan said he would take up the issue with the country’s political leaders, adding that the question could be put to another referendum if the political leaders could not agree.

Note EU-Digest: Given the result of the referendum and charges of intimidation, in addition to the possibility of electoral fraud, President Erdogan, in all reality, can not really claim he got a sweeping mandate to change the Turkish Constitution in this referendum

The fears of electoral fraud and government meddling is now more relevant than ever, fueled by the extraordinary powers the government wields under the state of emergency. 

The badly crippled Peoples’ Democratic Party (HDP), the main Kurdish political force, which has been trying to soldier on with its “no” campaign against its main rival, the ruling Justice and Development Party (AKP) has also voiced their concerns.

HDP members say they have been facing the “unchecked power” of the government, reflected not only in obstructions to their campaigns, but also in moves to keep party activists away from polling stations today, March 16.

Read more: Turkey votes to expand president’s powers; critics cry fraud - The Washington Post

Turkey election: Erdoğan’s AKP wins outright majority – as it happened - by Matthew Weaver

With most of the votes now counted - here’s a summary of the election and its aftermath.

• Turkey’s strongman president, Recep Tayyip Erdoğan, tightened his grip on power decisively as his ruling Justice and Development party (AKP) swept back to single-party government with a convincing win in national elections. With more than 95% of the votes counted, the party won almost 50% of the vote. That would give it about 325 seats in the 550-seat parliament, comfortably ahead of its three main rival parties and easily enough to form a government on its own.
• Prime minister and AKP leader, Ahmet Davutoğlu, hailed the result as “victory for democracy”. Addressing party supporters at a victory rally he said: “Hopefully we will serve you well for the next four years.”
• The Leftist pro-Kurdish HDP surpassed the 10% threshold necessary to win seats in the new Parliament. But its support dipped from the 13% it secured in June’s elections to just over 10%.

Note EU-Digest: Turks have probably voted themselves into a permanent dictatorship by Mr. Erdogan and his religiously oriented AKP.
 
Read more: Turkey election: Erdoğan’s AKP wins outright majority – as it happened | World news | The Guardian

Turkish Elections: Turkish police storm opposition Bugun TV during live broadcast

Is Erdogan holding on to power with brute force?

Police in the Turkish city of Istanbul stormed the offices of opposition television station Bugun TV during a live broadcast on Wednesday (October 28), just days before a general election.

The raid is part of a crackdown on companies linked to a preacher who is an arch enemy of President Recep Tayyip Erdogan.

Footage showed police spraying water cannnon at people in front of Koza Ipek outlet Bugun TV, which is owned by cleric Fethullah Gulen who is accused of plotting to overthrow the president.

Authorities on Tuesday took over 22 companies owned by Koza Ipek in an investigation of alleged financial irregularities, including whether it funded Gulen. The company denies wrongdoing.

Erdogan has clamped down on commercial interests belonging to once-influential followers of Gulen, his former ally, after police and prosecutors considered sympathetic to the cleric opened a corruption investigation of Erdogan’s inner circle in 2013.

For the complete report: Turkish Elections: Turkish police storm opposition Bugun TV during live broadcast

Turkish Elections: Ahead of Turkey's Crucial Election, Citizens Take Action to Protect Their Vote - by K. Akkoyunlu

Many things are at stake in Turkey's upcoming parliamentary poll on June 7: Will the Kurds overcome the world's highest election threshold of 10% to enter the parliament as a party for the first time? Or will the governing Justice and Development Party (AKP) win enough seats to change the constitution and introduce the system of strong presidentialism that President Tayyip Erdoğan has long wanted?

It is a historic moment where a single vote could possibly shape the course of Turkey's bloodiest conflict and its future regime type, with repercussions beyond the country's borders. With so much hanging on the outcome, this is also a crucial test for Turkey's embattled electoral system.

Turkey has never become an 'advanced' democracy: For decades, political contestation took place in the shadow of military tutelage, now being replaced with an illiberal populism under Erdoğan and the AKP. Its record on civil liberties and human rights has been bleak. Yet ever since the country held its first competitive multiparty election in 1950, the ballot box has taken on a quality as one of Turkey's few non-contested institutions to the point of becoming sacrosanct.

Politicians have routinely accepted defeat and handed over power peacefully. Turnout has been traditionally high, as well as popular trust in declared results. The fact that it has preserved this most basic democratic institution despite all other shortcomings has set Turkey apart from many of its neighbors, where elections have been thoroughly rigged or did not take place at all.

That core institution is now in jeopardy. A major survey has found that public trust in the electoral process has deteriorated sharply: only 48% believe that the upcoming poll will be conducted fairly (comparable to the level of trust for elections in Russia), down from 70% in 2007 (on par with the US). The OSCE has cited concerns about fairness and transparency and recommended appointing observers for the June election.

In part, this is a result of the country's deepening political polarization and party tribalism. It also reflects the rising number of fraud allegations at polling stations in recent elections. In an insecure political atmosphere driven by wild conspiracy theories, high level corruption scandals and judicial vendettas that can land the losers in prison, more voters appear convinced that office holders will do whatever necessary to hold on to power.

Read more: Ahead of Turkey's Crucial Election, Citizens Take Action to Protect Their Vote | Karabekir Akkoyunlu

International Banking Fraud: Six top banks fined for forex, Libor abuses

US and British regulators have slapped massive fines on six major global banks for rigging the foreign exchange market and Libor interest rates. They called the banks' frauds 'brazen schemes' to harm clients.

In a settlement announced by the US Justice Department on Wednesday, the banks agreed to pay close to $6 billion (5.3 billion euros) in fines for their manipulations.

The deal included guilty pleas from UK-based Barclays Bank and Royal Bank of Scotland, as well as US banks JPMorgan Chase and Citigroup. They admitted to conspiring to manipulate the massive currency market.

Switzerland's UBS also pleaded guilty - in its case for one count of wire fraud in connection with Libor interest rate manipulations. However, the Justice Department granted the Swiss bank conditional immunity for cooperating with the investigation.

Together, the five banks agreed to a record $2.5 billion in criminal penalties, the largest set of antitrust fines ever obtained by the Department of Justice.

In addition, these five banks, plus the Bank of America, will pay more than $1.8 billion in fines to the US Federal Reserve over "unsafe and unsound practices" in forex markets.

Note EU-Digest: If someone steals a bar of chocolate in a grocery store, he or she can go to prison for a week including paying a fine. These banker crooks just pay a fine out of the billions they already stole from you and me and continue their life.
 
Read more: Six top banks fined for forex, Libor abuses | Business | DW.DE | 20.05.2015

Banking Industry: British HSBC ‘helped clients dodge millions in tax’

The Swiss arm of British banking giant HSBC helped wealthy clients dodge taxes and hide millions of dollars from authorities, according to a report by a network of investigative journalists released Sunday based on a cache of leaked bank files.

The allegations prompted the bank to release a statement admitting it was “accountable for past compliance and control failures” at its Swiss subsidiary HSBC Private Bank.

The files, analysed by reporters in the International Consortium of Investigative Journalists (ICIJ) in collaboration with more than 140 journalists from 45 countries, showed that British banking giant HSBC provided accounts to international criminals, corrupt businessmen, politicians and celebrities.

"HSBC profited from doing business with arms dealers who channeled mortar bombs to child soldiers in Africa, bag men for Third World dictators, traffickers in blood diamonds and other international outlaws," ICIJ reported.

The leaked files were first obtained by French daily Le Monde, which then distributed them through the ICIJ to news outlets around the world, including The Guardian in the UK, Germany’s Süddeutsche Zeitung and 60 Minutes in the USA, who published their reports simultaneously on Sunday.

The Guardian alleged in its report that the files showed HSBC’s Swiss bank routinely allowed clients to withdraw “bricks” of cash, often in foreign currencies which were of little use in Switzerland, marketed schemes which were likely to enable wealthy clients to avoid European taxes and colluded to conceal undeclared accounts from domestic tax authorities.

Read more: Business - HSBC ‘helped clients dodge millions in tax’ - France 24

Banking Industry: EU - You won’t believe this, but some big banks may have broken the law again – by Jason Karaian

Just as markets were digesting the Euro 1.9 billion (US $2.6 b) penalty imposed on Credit Suisse for helping American clients avoid taxes, news from Brussels suggests that yet another big fine is looming for a few other banking giants. 

Today the European Commission accused JPMorgan, HSBC, and Crédit Agricole with rigging euro interest rates, alleging that they acted in a cartel to manipulate Euribor, a key interbank lending rate.

The three banks refused to settle the antitrust case in December last year, when the commission fined eight other banks and brokers a record €1.7 billion ($2.3 billion) for their roles in the rate-rigging cartel. Settling the case saved the accused 10% of the headline fine, on top of other discounts based on their degree of co-operation with regulators.

JPMorgan, HSBC, and Crédit Agricole must now answer the commission’s charges without the offer of leniency that comes from settling. 

That said, throughout the financial crisis European regulators have been seen as softer than their American counterparts, with Brussels wielding more limited powers and showing less of an appetite to impose big penalties. Even after settling with the EU in last year’s euro interest rate case, Société Générale is challenging its €446 million fine in court, alleging “a manifest error of assessment” in calculating it.

The three banks that were charged today will hope to benefit from the eurocrats’ presumed timidity. In theory, EU cartel fines carry a penalty of up to 10% of a company’s global revenue, which would imply a combined fine of more than $18 billion, according to the bank’s latest annual results.

But the commission is highly unlikely to ask for this much in damages, and the depressing regularity with which big banks land in legal trouble these days means that they are well prepared to pay the penalties. From interest rate-rigging to mortgage mis-selling, tax avoidance, foreign-exchange manipulation, money laundering and much else besides, banks now operate under the constant threat of large fines, and they’ve built up enormous litigation reserves to cope. 

Note EU-Digest: one can only hope the EU Commission will not act with their usual timidity in dealing with this serious fraudulent issues.

Read more: You won’t believe this, but some big banks may have broken the law again – Quartz