Former UN Secretary-General's Brother/Nephew Indicted In U.S. On Bribery Charges

Tyler Durden's picture

Less than two weeks after stepping down as U.N. Secretary-General, a move many interpreted as an indication of his intention to run for the Presidency of South Korea, two of Ban Ki-Moon's relatives have been indicted in the U.S. on charges of bribery.  According to the Daily Mail, Ban Ki-Moon's brother, Ban Ki-sang, and nephew, Joo Hyun "Dennis" Bahn who is a New York real estate broker, have been indicted for an alleged scheme to bribe a Middle Eastern official to use his country's sovereign wealth fund to purchase a struggling $800 million real estate complex in Vietnam.  Joo Hyun Bahn has been arrested in New York City and is expected to appear in court later today according to the office of U.S. Attorney Preet Bharara.

Two relatives of former U.N. Secretary-General Ban Ki-Moon have been indicted on U.S. charges that they engaged in a scheme to bribe a Middle Eastern official in connection with the attempted $800 million sale of a building complex in Vietnam.

 

Joo Hyun "Dennis" Bahn, a New York real estate broker who is Ban Ki-Moon's nephew, and his father Ban Ki-sang, Ban Ki-moon's brother who was a senior executive at South Korean construction firm Keangnam Enterprises Co Ltd, were charged in an indictment unsealed on Tuesday in Manhattan federal court.

 

Bahn is in custody and expected to appear in court later on Tuesday, a spokeswoman for Manhattan U.S. Attorney Preet Bharara said. Defense lawyers could not immediately be identified.

Moon

 

Per the Daily Mail, Bahn and Ban Ki-sang agreed to pay an upfront $500,000 bribe to a gentleman named Malcom Harris, a self-described arts and fashion consultant and blogger, who claimed to have a direct connection to a Middle Eastern sovereign wealth fund that would be willing to purchase their failed Vietnamese real estate project.  Unfortunately, proving that you can pretty much never trust an "arts and fashion consultant and blogger," the whole thing turned out to be a complete scam and Harris spent the entire upfront payment on lavish gifts for himself.

According to the indictment, in 2013, Keangnam was facing a liquidity crisis and turned to Bahn to secure an investor for a Vietnamese building complex called Landmark 72 in exchange for a potential $5 million commission.

 

Rather than obtain financing legitimately, Bahn and Ban Ki-sang engaged in a scheme to pay bribes to an unnamed Middle Eastern official to convince his country's sovereign wealth fund to acquire Landmark 72, the indictment said.

 

The bribes were paid through Malcolm Harris, a self-described arts and fashion consultant and blogger who was also charged and who the indictment said claimed to be an agent of the official.

 

Based on communications with Harris, in April 2014, Bahn and Ban Ki-sang agreed to pay an upfront $500,000 bribe and another $2 million upon the sale's closing, the indictment said.

 

But Harris did not have the relationship he claimed with the official, the indictment said, and stole the $500,000, which he spent lavishly.

Of course, this news couldn't come at a worst time for Ban Ki-Moon who was considered to be the front-runner for the Presidency of South Korea after lawmakers there just voted 234-56 to impeach current President Park Geun-hye over accusations of bribery, abuse of power and violating her constitutional duties (see "South Korea President Park Impeached In Corruption Scandal").  Somehow we suspect South Korean voters will not respond favorably to this news just weeks after impeaching their current president for similar allegations.

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xythras's picture
xythras (not verified) Jan 11, 2017 2:52 AM

It's STARTING.

END THE UN

Manthong's picture

 

 

Corruption in the U.N. …

Who’d of thunk it?

Mareka's picture

There they go again blaming the Joo's.

The central planners's picture

End the UN because denounced the Israel appartheid agenda sounds legit.

Rey dTutto's picture

Didn't Spain just have a period of grace, without a federal government, for over a year?

Any idea how that's going?

Dead Canary's picture

2017. The year everything changed.

Wahooo's picture

I probably shouldn't admit this, especially at Beltway cocktail parties, but I did not know who the UN Secretary General is or who Ban Ki-Moon is. That's going to limit my upward mobility for sure.

dogfish's picture

I dont think you missed much,as you can see the world just keeps getting better.

/S\

TheVoicesInYourHead's picture

No money, no honey. Me no luv u long time.

Enjoy your favourite meal of cream-of-sumyunguy soup in a fed prison.

Praeda2's picture

This guy always stunk to me and not just because he's a dog eating, gook either.

Dr. Bonzo's picture

The current president being scorched alive for her corruption and the pretender to the throne going down in flames engulfed in corruption.... sweeeeeet. Aaaaaaah... it smells like Asia in the morning. Walking talking social erosion culture freely entering our society because of you self-hating whites. SMFH.

Last of the Middle Class's picture

Close brothers and sisters ALWAYS have an important function to the well heeled politicians. Funny how that works.

rlouis's picture

Same as Carlos Slim - he's the little brother of a former high rankig Mexican federali, lots of payoffs funneled through him. 

monad's picture

UN is a cesspool. No wonder Soetoro wants to be flushed there. Same Kofi Anan, Al Gore. They claim credit for NGO works they had nothing to do with. Just the biggest Foundation tumor that you can see.

YHC-FTSE's picture

"Per the Daily Mail, Bahn and Ban Ki-sang agreed to pay an upfront $500,000 bribe to a gentleman named Malcom Harris, a self-described arts and fashion consultant and blogger, who claimed to have a direct connection to a Middle Eastern sovereign wealth fund that would be willing to purchase their failed Vietnamese real estate project."

This story is straight out of the film, "American Hustle". If they spent more time going to the movies, they would have known how pathetic the whole scam looked.

onmail1's picture

Ban-Ki-Moon == Fake Head
Fake head of a corrupt organization == United Nations
UN became a pet of Democrats (read EvilObamma & his zooish masters)

His weak knee approach was an indicator
that he had thrown the match already

Yes

UNITED NATIONS IS A PUPPET OF US ESTABLISHMENT