Latest news with #SohailMohammed
Yahoo
6 days ago
- Politics
- Yahoo
Paterson councilman again seeks pretrial relief in 5-year-old election fraud case
PATERSON — For the second time in four years, Councilman Alex Mendez is trying to get the election fraud charges pending against him wiped away through New Jersey's pretrial intervention probationary program, known as PTI. The state Attorney General's Office has rejected Mendez's PTI application — just as it did in 2021 — but the councilman is appealing that decision, officials said. Superior Court Judge Sohail Mohammed has said he will decide on the appeal on Sept. 10, according to officials. Mohammed was the judge who denied Mendez's appeal in 2022 regarding the initial election fraud case filed by the Attorney General's Office."There is a strong societal need to deter candidates for public office from unlawfully submitting voter registration applications and mail-in ballots they know to be materially false," Mohammed wrote in his previous ruling on Mendez's PTI application. "In short, the court finds that there is a societal need to have a fair and untainted election," the judge wrote. Defendants who successfully complete PTI — which is monitored by New Jersey probation officers — can emerge with clean criminal records. But in most cases, accused criminals cannot get PTI unless the prosecutors agree to it. Allege Mendez team stole mail-in ballots, trashed votes Mendez's most recent PTI application focused on the superseding charges that the attorney general's prosecutors filed against the councilman. Those accusations say investigators have witnesses, video and photos of wrongdoing by Mendez and his campaign workers, including allegations they stole mail-in ballots from people's mailboxes, trashed votes for his opponent and replaced them with Mendez votes. The superseding charges expanded the case to include other defendants: the councilman's wife, Yohanny, and campaign workers Omar Ledesma and Iris Rigo. Officials said Mendez's co-defendants also are seeking PTI. Mendez, who officials said appeared in court on July 21, did not respond to messages seeking his comments on his PTI application. William McKoy, Mendez's opponent in the 2020 City Council election that triggered the charges, called Mendez's PTI application 'disingenuous' and 'despicable.' McKoy cited the extensive evidence that the Attorney General's Office has said it has against Mendez. 'There's no question of his guilt,' McKoy said. 'The only question is whether he's going to be man enough to take responsibility for his behavior.' Bribery indictment against developer and influencer Mendez this month has come under scrutiny as the result of a separate federal indictment filed by the United States Attorney's Office accusing real estate influencer Cesar Pina of making $50,000 in bribes to a Paterson official for help in trying to get a development project approved by the city zoning board. Pina allegedly paid the city official with cash, checks, campaign contributions and bogus real estate commissions in exchange for the official's influence over the Paterson zoning board to get approvals to convert a long-vacant school building on Totowa Avenue into 60 apartments, the indictment said. Mendez, who repeatedly has professed his innocence of all accusations, used a building then owned by Pina as his campaign headquarters in 2024. Mendez is the only elected official in Paterson who works in real estate, political insiders have said. This article originally appeared on Paterson councilman seeks pretrial relief in election fraud case Solve the daily Crossword
Business Recorder
08-05-2025
- Business
- Business Recorder
Pakistan bonds gyrate
LONDON/KARACHI: Pakistan's international bonds rose on Wednesday after India launched strikes on the country. The country's international bonds gained nearly 1 cent, reversing losses of the same amount during early trading, according to Tradeweb data. The 2031 bond, which notched the biggest gains, was bid at just over 81 cents in the dollar. 'The reliance of Pakistan on external capital inflow – in recovery from an external account crisis, in the midst of an IMF programme, and with under three months of import cover compared to over nine months in India – makes its asset prices much more sensitive to any conflict than those in India,' said Hasnain Malik at Tellimer in Dubai. Finance ministry said it had held an emergency meeting to review market resilience and national financial security, adding that robust measures to safeguard economic infrastructure and provide clarity and confidence to markets are being implemented, though did not give details. IMF LIFELINE The IMF executive board is scheduled to sign off on May 9 on a staff-level agreement that would trigger a $1 billion payout as well as Pakistan's new $1.3 billion arrangement under a climate resilience loan programme. 'Investors seem optimistic on the upcoming IMF board meeting which will decide on the loan tranche for Pakistan,' said Sohail Mohammed, CEO of Topline Securities in Pakistan. The IMF did not immediately comment when contacted by Reuters. The escalation follows the suspension of the Indus Waters Treaty by India, which has sharply downgraded diplomatic links to its neighbour after the April terror attack in IIOJK. 'The conflict between India and Pakistan has escalated dangerously,' said Sakib Sherani, economist and head of Macro Economic Insights, adding that India's request to the IMF earlier this week to review loans disbursed to Pakistan was adding to Islamabad's woes. 'All these actions will hurt Pakistan's fragile economic recovery.' Rating agency Moody's warned on Monday that rising tensions between the two countries could weigh on Pakistan's growth. Others were more sanguine, saying India had also much to lose economically from an escalation in the conflict and Pakistan was in much better shape economically to weather the fallout from the tensions following recent reforms. 'Reports of the IMF program being affected purely because of representations by one country on the board of the IMF are overblown,' said Reza Baqir, head of sovereign advisory at Alvarez & Marsal and a former Pakistan central bank chief and IMF official.
New Straits Times
07-05-2025
- Business
- New Straits Times
Pakistan bonds, stocks gyrate after fighting breaks out with India
LONDON/KARACHI: Pakistan's international bonds rose on Wednesday and stocks cut hefty losses after India launched strikes on the country in response to April's tourist killings, sparking the worst fighting in over two decades between the nuclear-armed enemies. The country's international bonds gained as much as 0.6 cent, clawing back losses of more than 1 cent in early trading, according to Tradeweb data. The 2027 bond, which saw the biggest gains, was bid at just under 90 cents in the dollar. The country's benchmark share index was down 1.4 per cent, clawing back much of its losses after opening 5.78 per cent lower. India said it struck nine Pakistani "terrorist infrastructure" sites, some of them linked to an attack by Islamist militants on Hindu tourists that killed 26 people in Indian Kashmir last month, while Islamabad said it had shot down five Indian fighter jets. The latest escalation comes at a fragile moment for Pakistan, which has emerged from an economic crisis and is trying to shore up finances and make progress on its US$7 billion International Monetary Fund loan programme agreed in 2024. "The reliance of Pakistan on external capital inflow — in recovery from an external account crisis, in the midst of an IMF programme, and with under 3 months of import cover compared to over 9 months in India — makes its asset prices much more sensitive to any conflict than those in India," said Hasnain Malik at Tellimer in Dubai. The IMF executive board is scheduled to sign off on May 9 on a staff level agreement that would trigger a US$1 billion payout as well as Pakistan's new US$1.3 billion arrangement under a climate resilience loan program. "Investors seem optimistic on the upcoming IMF board meeting which will decide on the loan tranche for Pakistan," said Sohail Mohammed, CEO of Topline Securities in Pakistan.
