قالب وردپرس درنا توس
Home / World / Democrats make news to the Trump Organization on President Trump’s Chinese bank account

Democrats make news to the Trump Organization on President Trump’s Chinese bank account



On Wednesday, three Democrats in the top Senate pressured the Trump Organization to provide information about the Chinese bank account opened by the president, saying that the existence of national security requires further understanding of its business interests.

In a letter to Alan Garten, executive vice president and chief legal officer of the Trump Organization, the senator said that it is important to understand how Trump’s financial transactions affect foreign policy actions and trade negotiations with China.

“In view of the President’s refusal to release his tax returns and divest his financial assets, it is imperative that Congress must fully understand any potential financial conflicts of interest that the President may have, especially with China (one of the country̵

7;s most important countries). Conflict of Interest Economic Competitor and Strategic Adversary”, Senate Minority Leader Charles SchumerChaumerHouse Democrat Bill introduced investing 0 billion in STEM research and education. Graham dismissed criticism from Lou Dobs Lewandowski of Fox Business: Trump wants to see no matter… if they are with The President breaks through every Republican Party’s reelection “MORE (NY), ranked member of the Senate Finance Committee. Ron WydenRonald Ron Lee Wieden-Plantiff and Oberbergfield v. Hodges defendants unite to oppose Barrett’s confirmation Senate Democrats call for increased coronavirus testing on the Capitol The strength of (Ore) and ranked member of the Senate Banking Committee. Sherrod BrownSherrod Campbell BrownBrown said that Biden’s first step as president should be to ease the voting rights of COVID. Senators compete with Supreme Court candidates in a rare Saturday meeting. Sunday’s program preview: Trump, Biden is working on the election Do more final sprints every day (Ohio) wrote.

The New York Times reported last week that Trump’s tax records show that he has a bank account in China. The account is controlled by Trump International Hotels Management LLC, which paid US$188,561 in taxes in China between 2013 and 2015. According to The Times, it is not clear how much money was passed through the account and which bank the account is located in.

The newspaper also reported that Trump International Hotels Management’s revenue increased significantly in 2017, while at the same time large withdrawals from the company’s capital account. The senator said in the letter that the source of the funds is unclear, where it originated and how it was used.

“Although it is not clear how much the revenue and financial activities of Trump International Hotel are connected with China, it seems that the entity has been involved in managing other Trump brand properties worldwide and has generated millions of dollars in revenue during the presidency. Office”, the senator wrote.

Schumer, Wyden, and Brown provided the Trump Organization with information about the financial institutions that Trump maintains a bank account in China, transactions involving that account, and Trump International Information on the revenue increase of the hotel management company in 2017. The senator also asked for information about any other foreign bank accounts listed on Trump’s 2013-2020 tax returns.

Senators are seeking to respond by November 11-just over a week before election day.

Garten previously told The Times that the Trump Organization has opened a Chinese bank account to pay taxes related to doing business in the country. He said the company opened an account after setting up an office in China to investigate the possibility of hotel transactions in Asia.

“No transactions, transactions or other business activities are realized, and the office has been idle since 2015,” Kato said. “Although the bank account is still open, it has never been used for any other purpose.”

Garten also said that a large part of Trump International Hotel Management’s 2017 revenue was related to the buying out of the management contract of the New York hotel, and the remaining money had nothing to do with China.

Hill has contacted the Trump Organization to comment on the Senator’s letter.

In another letter on Wednesday, the Democratic chairmen of several House committees and subcommittees asked the Inspector General of the Department of Justice and the Office of the Director of National Intelligence to review whether a counterintelligence investigation had been conducted on Trump’s foreign financial relations, and if so, the investigation Whether to be reduced or ended.

“There is a lot of evidence that there is a link between the two President TrumpDonald John Trump Giuliani will leave after comparing Fox Business host to Christopher Steele TrumpThe president’s campaign, private business interests, and foreign powers further support the need for counterintelligence investigations into the president’s finances. “The legislator cited the Times article on the Bank of China account as such evidence.

Updated at 3:37 PM




Source link