Sen. Menendez connected Qatari royal with NJ businessman for profit
Newsy
New allegations worsen legal challenges for Menendez, already accused of using his political influence to secretly advance Egypt's interests.
U.S. Sen. Bob Menendez used his international clout to help a friend get a multimillion-dollar deal with a Qatari investment fund, partly by taking actions favorable to Qatar's government, federal prosecutors said Tuesday in a revised indictment.
The new allegations deepen the legal challenges for Menendez, a New Jersey Democrat, who already was charged with wielding his political influence to secretly advance Egypt's interests.
The superseding indictment in New York said the senator and his wife accepted bribes of gold bars and cash from New Jersey real estate developer Fred Daibes as a reward for several corrupt acts that included his help securing a major investment from the Qatari fund.
Prosecutors said Menendez introduced Daibes to a member of Qatar's royal family who was also a principal in the investment firm, met personally with Qatari officials and made public statements supportive of Qatar while the real estate deal was being negotiated.
The indictment said the Qatari investor eventually invested tens of millions of dollars in Daibes' development project, in a deal finalized in 2023.
