Senator Warns of 'Potentially Criminal Conduct' Over UAE-World Liberty Financial Deal

In brief

• Senator Chris Murphy (D-CT) warned that those involved in alleged corruption could face jail time over a $187 million payment from a UAE investor tied to the transfer of defense technology.
• The allegations stem from a deal in which a UAE-backed entity purchased 49% of World Liberty Financial for $500 million, four days before Trump’s inauguration.
• The deal preceded the Trump administration’s approval of expanded UAE access to advanced U.S. AI chips restricted under Biden, prompting accusations…