The Republican Jewish Coalition is deeply troubled by a report today about Illinois State Treasurer Alexi Giannoulias, a Democrat running for Barack Obama's former U.S. Senate seat.
The report states that Alexi Giannoulias and his family financed their real estate holdings through a foreign bank that invests heavily in Iran's energy sector and the Central Bank of Iran.
As both state treasurer and a Senate candidate, Mr. Giannoulias is no doubt aware of the efforts to use sanctions against Iran - including freezing Iranian assets abroad and prohibiting investment in Iran's energy sector - to pressure the Iranian regime to halt its nuclear weapons development.
Rep. Mark Kirk (R-IL), Giannoulias' Republican opponent, has been a strong advocate in the U.S. House of Representatives for Iran sanctions.
Yet while Mark Kirk pushes for stronger Iran sanctions in Congress, Alexi Giannoulias does business with one of the worst offenders. The French bank Natixis held over $100 million in deposits from the Central Bank of Iran when the Giannoulias family took out a $21.5 million loan from Natixis to refinance its real estate holdings.
This raises serious questions about Giannoulias' credibility and judgment that need to be answered.
Previous posts: Hot French/Iranian Money Ties to Giannoulias, A Tough Stretch for Giannoulias, Sweating, Spinning Democrats, Get the picture, Kirk on Alexi Contributor/Bank Client Fraud Charges, Fat Cat Alexi Goes to the White House, The Latest Insult from Alexi, RealTruthAboutAlexi.com, Fast and Loose Alexi Giannoulias
The report states that Alexi Giannoulias and his family financed their real estate holdings through a foreign bank that invests heavily in Iran's energy sector and the Central Bank of Iran.
As both state treasurer and a Senate candidate, Mr. Giannoulias is no doubt aware of the efforts to use sanctions against Iran - including freezing Iranian assets abroad and prohibiting investment in Iran's energy sector - to pressure the Iranian regime to halt its nuclear weapons development.
Rep. Mark Kirk (R-IL), Giannoulias' Republican opponent, has been a strong advocate in the U.S. House of Representatives for Iran sanctions.
Yet while Mark Kirk pushes for stronger Iran sanctions in Congress, Alexi Giannoulias does business with one of the worst offenders. The French bank Natixis held over $100 million in deposits from the Central Bank of Iran when the Giannoulias family took out a $21.5 million loan from Natixis to refinance its real estate holdings.
This raises serious questions about Giannoulias' credibility and judgment that need to be answered.
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