Welcome to Pay Dirt—exclusive reporting and research from The Daily Beast’s Lachlan Markay on corruption, campaign finance, and influence-peddling in the nation’s capital. For Beast Inside members only.
Congressional investigators picked up plenty of new leads during Michael Cohen’s testimony before the House Oversight Committee last week. And in its immediate aftermath, one new potential target of those investigations beefed up its lobbying muscle with an apparent eye toward such a probe.
Committee Republicans grilled Cohen on his work for BTA Bank, a financial-services firm in Kazakhstan that hired Cohen in the early months of the Trump administration to help the bank recover billions of dollars that it claimed were stolen by a former executive and laundered in the United States. Rep. Mark Meadows (R-NC) questioned Cohen about BTA Bank’s ties to the Kazakh government, which Meadows claimed owns a majority stake in the bank.