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Democrats Demand White House Explanation on $620M DoD Loan to Trump Jr.-Linked Startup
Urgent
Politics·6/4/2026AI summary

Democrats Demand White House Explanation on $620M DoD Loan to Trump Jr.-Linked Startup

Democratic lawmakers are demanding the White House explain a $620 million Department of Defense loan and $50 million Commerce investment to Vulcan Elements, a startup backed by a venture capital firm where Donald Trump Jr. is a partner. They allege potential corruption and influence peddling, citing a ProPublica report that Peter Navarro intervened on the company's behalf.

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The Independent World
Zelensky’s ex-chief of staff named as suspect in money-laundering probe
NEWS
5/12/2026

Zelensky’s ex-chief of staff named as suspect in money-laundering probe

Two national agencies fighting corruption in Ukraine have named Ukrainian President Volodymyr Zelensky’s former chief of staff as an official suspect in a major corruption investigation. Ukraine’s National Anti-Corruption Bureau and the Specialized Anti-Corruption Prosecutor’s Office announced late on Monday that Andriy Yermak is suspected of an alleged 460-million-hryvnia (US$10.5 million) money-laundering scheme. The announcement coincided with, but was not connected to, the end of a three-day...

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SCMP Economy