Robert Menendez: US senator vows he will be cleared in bribery case

Watch: Menendez explains why he hid thousands of dollar in cash at his home

A US senator charged in a bribery case has said his stashing of nearly half a million dollars cash at home stemmed from his Cuban parents' fear that their savings might be seized by authorities.

Robert Menendez of New Jersey predicted he would be exonerated as he vowed to run for re-election next year.

Prosecutors say he and his wife accepted money, gold bars and a luxury car in exchange for political favours.

The senator has so far rejected calls from fellow Democrats to resign.

"When all the facts are presented, not only will I be exonerated, but I still will be New Jersey's senior senator," a defiant Mr Menendez told a news conference on Monday.

Southern District of New York  Gold BarsSouthern District of New York

It was his first public appearance since he was indicted on Friday.

Speaking in Union City, New Jersey, he added: "Those who rushed to judgment, you have done so based on a limited set of facts framed by the prosecution to be as salacious as possible."

Federal agents who searched his New Jersey home last year found more than $480,000 in cash (£393,000) stuffed into envelopes and hidden in jackets, closets and a safe, along with 13 bars of gold bullion. Another $70,000 was discovered inside his wife's safety deposit box at a bank.

According to the indictment, Mr Menendez had searched online for "how much is one kilo of gold worth".

But in Monday's news conference he said: "I have withdrawn thousands of dollars in cash from my personal savings account, which I have kept for emergencies and because of the history of my family facing confiscation in Cuba.

"Now this may seem old-fashioned, but these were monies drawn from my personal savings account based on the income that I have lawfully derived over those 30 years."

Southern District of New York  Federal agents found cash inside jackets bearing Senator Menendez's name, according to the indictmentSouthern District of New York
Federal agents found cash inside jackets bearing Senator Menendez's name, according to the indictment

Mr Menendez, the son of Cuban immigrants, suggested last week that the indictment - and calls for his resignation - came from those "rushing to judge a Latino and push him out of his seat".

The 39-page federal indictment accuses Mr Menendez and his wife, Nadine Menendez, of accepting bribes in exchange for the senator's political influence at home and abroad on behalf of both the government of Egypt and business associates in New Jersey.

Investigators also said they found a luxury Mercedes-Benz paid for by a businessman parked in the Menendezes' garage.

The charge-sheet said that after the couple received the car, Mrs Menendez texted her husband to say: "Congratulations mon amour de la vie, we are the proud owners of a 2019 Mercedes."

Getty Images U.S. Senate Foreign Relations Committee Chairman Bob Menendez (D-NJ) and his wife Nadine Arslanian arrive for a receptionGetty Images
Senator Bob Menendez and his wife Nadine Arslanian each face three charges

In his remarks on Monday, Mr Menendez addressed his senatorial work related to Egypt, saying his record was clear in holding Cairo accountable on human rights.

Over the weekend, Democratic New Jersey Congressman Andy Kim announced he would run to replace Mr Menendez, writing on social media that the state "deserves better".

Mr Kim's announcement was made amid a growing chorus of Democratic lawmakers who are calling on Mr Menendez to resign immediately.

In other developments, the Manhattan US Attorney's office confirmed on Monday that Mr Menendez has hired defence lawyer Abbe Lowell, who is also representing President Joe Biden's son, Hunter, in an unrelated gun case.

This is not the first time that Mr Menendez - who has served in Congress since 2006 - has faced bribery charges.

In 2015 he was indicted in New Jersey on charges he had accepted bribes from a Florida eye doctor.

That case ended in a mistrial after jurors were unable to reach a unanimous verdict.

Mr Lowell represented Mr Menendez in that case.