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PROSECUTORS have leveled new allegations at a wealthy fundraiser for Hillary Clinton and other top Democrats.
They are claiming that he paid back a $74million (R575million) fraudulent loan by deceiving a second bank.
Hassan Nemazee was arrested last week on charges of using forged documents to get a loan from Citibank. Shortly after the FBI first questioned him officials said he hastily paid back the bank.
In a letter to a judge made public on Wednesday, prosecutors said they had frozen Ne-mazee's bank accounts after discovering he paid off the $74 million loan with money from a line of credit from another bank. Nemazee used fake documents to open the line of credit, prosecutors said.
Prosecutors also alleged that they learnt last week that Nemazee had defrauded a third bank "by obtaining multiple lines of credit on the basis of similar false and fraudulent information". The outstanding loans from the third bank are more than $100million, they said.
There was no immediate response to a message left with Nemazee's attorney, who had prompted prosecutors to write the letter by complaining to the court that his client couldn't withdraw "a single dollar" to pay for food, medicine and legal bills.
Nemazee, the 59-year-old chairman and chief executive of Manhattan-based Nemazee Capital Corporation, served as national finance chairperson for Clinton's 2008 presidential campaign, and later raised money for President Barack Obama after her primary defeat.
After spending one night in jail, Nemazee was put under house arrest as part of a $25million bail package secured by property including a $20 million Park Avenue apartment.
He faces up to 30 years in prison plus a fine if convicted. - Sapa-AP