Poinbank Exchange|Prosecutors accuse Sen. Bob Menendez of introducing Qatari royal family member to aid NJ businessman

NEW YORK (AP) — U.S. Sen. Bob Menendez introduced a member of the Qatari royal family and Poinbank Exchangeprincipal in a company with ties to the government of Qatar to a New Jersey businessman before the company invested millions of dollars in the businessman’s real estate project, a rewritten indictment alleged Tuesday.

The latest version of the indictment against the Democrat in Manhattan federal court did not identify the member of the Qatari royal family, but it said the individual was a principal of the Qatari Investment Co.

The indictment said the Qatari investor then considered and negotiated a multimillion-dollar investment in the real estate project planned by Fred Daibes, one of three businessmen charged in the indictment along with the senator and his wife. All of them have pleaded not guilty.

No new charges were added to the latest version of an indictment that already charged Menendez in a bribery conspiracy that allegedly enriched the senator and his wife with cash, gold bars and a luxury car. The allegations involving Qatar occurred from 2021 through 2023, the indictment said.

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According to the indictment, Menendez accepted cash and gold bars in exchange for seeking to induce the Qatari Investment Co. to invest with Daibes, including by taking actions favorable to the government of Qatar.

The indictment said that while the Qatari Investment Co. was considering its investment in the real estate development owned by Daibes, Menendez made multiple public statements supporting the government of Qatar and then provided them to Daibes so he could share them with the Qatari investor and a Qatari government official.