Tags: Emerging Threats | Homeland Security | War on Terrorism | Putin | Russia | Treasury

Treasury Nominee Slams Putin as 'Corrupt'

Image: Treasury Nominee Slams Putin as 'Corrupt'
 (Dreamstime)

By
Friday, 05 Feb 2016 10:14 AM Current | Bio | Archive

The White House on Thursday stood by a controversial statement by acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Adam Szubin who said Russian President Vladimir Putin is “ corrupt.”

Szubin added that the U.S. government has known this for “many, many years.”

At a White House briefing, I asked press secretary Josh Earnest if the administration supported the unusual criticism of a foreign head by an acting under secretary of the Treasury. (Szubin made the statement on the BBC “Panorama” special “Putin’s Secret Riches,” which was filmed last summer and aired on Jan. 25.)

“We have long raised concerns about corruption in the ranks of the Russian government,” replied the president’s top spokeman, “And nobody is better positioned to render a judgment about that than the financial expert over at the Treasury Department who is responsible for monitoring those kinds of situations.”

During his appearance on “Putin’s Secret Riches,” Szubin charged that “we’ve seen [Putin] enriching his friends, his close allies, and marginalizing those who he doesn't view as friends using state assets. Whether that's Russia's energy wealth, whether it's other state contracts, he directs those to whom he believes will serve him and excludes those who don't.

“To me, that is a picture of corruption."

Although the U.S. government has imposed sanctions on several Putin associates within the Kremlin, Szubin’s comment to the BBC is believed to be the first time any U.S. government official has accused the Russian president of corruption.

Earnest added that “what he said reflects a long-standing concern that this administration has about the situation inside of Russia.”

A former head of the Treasury Department’s Office of Foreign Assets Control (OFAC) from 2006-15, and onetime trial attorney at the U.S. Department of Justice, Szubin was nominated to be Treasury’s top terrorism official by the president last April. But the Senate Banking Committee has so far refused to schedule hearings on his nomination, Szubin holds his position in an “acting” capacity.

Earnest and other administration officials have long called on Banking Committee Chairman Richard Shelby, R-Ala., to schedule a hearing, but so far, Shelby has neither complied nor offered a reason for doing so.

John Gizzi is chief political columnist and White House correspondent for Newsmax.




© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
John-Gizzi
The White House on Thursday stood by a controversial statement by acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Adam Szubin who said Russian President Vladimir Putin is “ corrupt.”
Putin, Russia, Treasury
374
2016-14-05
Friday, 05 Feb 2016 10:14 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved