The US House of Representatives committee said on Friday that the Trump Organization, the company of former President Donald Trump, is hiding millions of dollars in fees from foreign governments that it paid to its hotel in downtown Washington.
The hotel brought in $70 million. Losses during Trump’s tenure, despite the fact that foreign governments paid $3.7 million for hotel services, which is a conflict of interest, given that the current president was also its owner, the Associated Press wrote, citing experts.
The financial problems of the former president of the United States
Because of the hotel’s losses, Trump was forced to ask Deutsche Bank to temporarily suspend loan repayments. The congressional committee noted that the suspension was an “undisclosed preferential treatment (by the bank)” of the client.
The Trump Organization has been trying to sell the 263-room hotel since 2019, but no buyer has yet been found, the Associated Press reports.
In July, New York state authorities charged Trump with tax fraud in the amount of 900,000 PLN. dollar.
Trump compared the actions of the New York Attorney General’s Office against the Trump Organization to political persecution in communist countries.
MAD / PAP
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