Categories: World

From Saudis and China: Trump companies received millions during his time in office

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Friend of the Saudis: Donald Trump shakes hands with Crown Prince Mohammed bin Salman.

According to a congressional report, former US President Donald Trump’s companies received a total of at least $7.8 million (7.1 million euros) from foreign governments and companies during his term in the White House. The money flowed into Trump’s hotels and real estate companies from about 20 countries, including China, Saudi Arabia, Turkey and the Democratic Republic of Congo, the report published Thursday said.

The report was written by Democratic representatives on a House committee responsible for government oversight. The authors accuse the Republican former president of violating a constitutional clause that prohibits government employees from receiving foreign salaries without congressional approval. Their report is titled ‘White House For Sale’.

$5.5 million from China

As president, Trump received money “from some of the most abhorrent regimes in the world,” the report said. The authors also emphasize that they did not have access to all documents related to foreign payments to the Trump companies.

The report states that at least $5.5 million has gone to Trump companies alone from the Chinese government and companies — including ICBC Bank and Hainan Airlines. The amount could actually be even higher because Trump’s former accounting firm Mazar and the Securities and Exchange Commission (SEC) only partially made the relevant files available for the investigation.

Specifically, it reports a payment of $19,391 that a Chinese delegation made at the Trump International Hotel in Washington in August 2017. Foreign delegations were often accommodated in the hotel near the White House. The hotel was sold to a private investor group in 2022 – after Trump left office – and is now part of the ‘Waldorf Astoria’ chain.

Banned payments from Saudi Arabia

According to the report, at least $615,422 in prohibited payments flowed from Saudi Arabia to his companies during Trump’s time in office, including for a stay at a luxury hotel in Washington in March 2018. Trump maintained close contacts with Riyadh during his presidency.

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According to polls, the 77-year-old right-wing populist has the best chance of being nominated again as presidential candidate by his Republicans, despite his various legal entanglements. The primaries start on January 15 in the state of Iowa, the presidential elections are scheduled for November 5.

Trump has been accused by the federal judiciary in Washington and the state of Georgia, among others, of attempting to manipulate the elections after his election defeat in November 2020 against current President Joe Biden. He also faces a civil lawsuit in New York over allegations that he spent years overestimating the value of his real estate to gain benefits from banks and insurance companies. (AFP)

Source: Blick

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