BusinessPeople In BusinessMoney laundering charge forces out US Congressman

Money laundering charge forces out US Congressman

Tom DeLay won't return as leader of Republicans following scandal

One of the most powerful US Congressmen has announced he is standing down
from frontline politics following allegations of campaign money laundering.

Tom DeLay, who led the Republican party in Congress, had removed himself from
the post last September in order to deal with the charges in his homes state of
Texas, but had originally insisted that he would return to his duties once
exonerated. He has now backed down from that stance.

DeLay has been accused of using money from corporate funds in election
campaigns, which is prohibited under Texas law.

The charges allege that $190,000 of corporate donations sent to the
Republican National State Elections Committee were sent on as personal donations
to Republican candidates by a body led by DeLay.

DeLay has also been caught up in the scandal surrounding lobbyist and friend
Jack Abramoff, who last week pleaded guilty to conspiracy, fraud and tax
evasion.

Related Articles

Shortlist announced for British Accountancy Awards 2017

Accounting Firms Shortlist announced for British Accountancy Awards 2017

1m Emma Smith, Managing Editor
Pimlico Plumbers to take employment case appeal to Supreme Court

Legal Pimlico Plumbers to take employment case appeal to Supreme Court

1m Alia Shoaib, Reporter
HMRC appoints new director generals

HMRC HMRC appoints new director generals

2m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

8m Stephanie Wix, Writer
Settlement reached between Margaret May and CIMA

Accounting Standards Settlement reached between Margaret May and CIMA

8m Stephanie Wix, Writer
Submit your entry for the British Accountancy Awards!

People Business Submit your entry for the British Accountancy Awards!

3m Emma Smith, Managing Editor
BDO appoints two non-executive directors as advisers to leadership team

Accounting Firms BDO appoints two non-executive directors as advisers to leadership team

3m Emma Smith, Managing Editor
Ex-HMRC chief to join ICAS council

HMRC Ex-HMRC chief to join ICAS council

5m Emma Smith, Managing Editor