August 15, 2025
By Jim Hoft
House GOP Conference Chairwoman Elise Stefanik (R-NY) has called on U.S. Attorney General Pam Bondi to open a full-blown federal investigation into Standard Chartered Bank (SCB) and to scrutinize New York Attorney General Letitia James’ complicity in a billion-dollar terrorist financing scandal.
House Republican Chairwoman Elise Stefanik’s urgent letter to Bondi comes on the heels of a bombshell Gateway Pundit report into the Standard Chartered Bank sanctions evasion case, now before the U.S. Second Circuit Court of Appeals.
That case uncovered at least $9.6 billion in illegal payments by the bank to Iranian and Hezbollah entities—payments that directly violate U.S. Treasury sanctions and undermine national security.
These transactions were allegedly concealed from mandatory disclosures under a deferred prosecution agreement overseen by the Southern District of New York and the U.S. Attorney’s Office for Washington, D.C.
Even more disturbing, the case implicates New York Attorney General Letitia James and the Federal Reserve for ignoring these billions in illicit transactions and failing to enforce sanctions already designated by the Treasury Department.
Without further action, the case against Standard Chartered Bank will expire on Tuesday, August 19th.
Now, Stefanik is urging Bondi to appoint the Acting U.S. Attorney for the District of New Jersey as Special Attorney to oversee all matters involving Standard Chartered Bank, citing the immediate national security threat.
The letter singles out far-left New York Attorney General Letitia James. Public reports reveal that in 2024, James and her top aides were briefed by terrorist financing experts and whistleblowers about the illicit payments.
Instead of taking action, James greenlit the bank’s annual license, effectively allowing Standard Chartered to keep operating without consequences.
Stefanik wants to know: Was James coordinating with the Biden administration to cover up terrorist financing?
–Read The Gateway Pundit story here
###
