As he prepares for his inauguration on January 20, Donald Trump faces an unprecedented ethical business ideas in pune, according to government watchdogs. The President-elect oversees a vast real-estate empire with gleaming outposts around the globe, as well as lucrative business ties to key geopolitical allies and adversaries.
Based on the financial disclosure report he filed last year, Trump appears to own or control more than 500 businesses in some two-dozen countries around the world. But his holdings remain largely shrouded in secrecy, in part because the President-elect defied long-held precedent by declining to release his tax returns to the public. But legal experts from all sides say Trump will be subject to ethical questions about potential conflicts of interest unless he sells off his business assets and places his investments in a blind trust, standards that U. Yet Trump has so far resisted such steps, though he is expected to address the situation in a long-awaited press conference on Tuesday.
Shortly after his election in November, Trump spoke on the phone with Argentina’s President, Mauricio Macri. According to a prominent Argentine journalist, the call included a discussion of the permit issues bogging down the construction of a Trump-branded office building in Buenos Aires. 17, the Argentine development firm YY Development Group announced that the stalled project would move ahead. In December, the Trump Organization scrapped a business deal to license the President-elect’s brand for a hotel in Baku. The deal was struck in 2012 with Anar Mammadov, the billionaire scion of Azerbaijan’s transport minister, who was described in a 2009 U. The Royal Gazette, a Bermuda newspaper, suggests the investment could be linked to a Bermuda-registered jet Trump once owned, but notes that it’s unclear whether the company is still active. Amid the run-up to the 2014 FIFA World Cup, and with the Brazilian economy buoyed by the discovery of new offshore oil reserves, Trump licensed his name to a lavish beachfront development called Trump Hotel Rio de Janeiro.
Although the hotel officially opened in time for the 2016 Rio Olympic Games, it remains unfinished, according to press reports. Trump appears to have stakes in 14 companies related to his Canadian business interests, which include two hotel and condo towers. Trump’s first property in the country, which is America’s second-largest trading partner, was Trump International Hotel and Tower Toronto, a 65-story skyscraper in the city’s financial district. Opened in 2012, the property is owned by Talon International, a real-estate development firm owned by a Russian-born Canadian national. Trump has wanted to bring his brand to the Middle Kingdom for years.
On his 2016 financial disclosure statement, he lists positions in multiple companies that could be connected to business in China. Trump Hotel Collection CEO Eric Danziger was quoted in Chinese media last fall as saying the company plans to build 20 to 30 hotels in the country. Trump has positions in two companies that may be related to business in Egypt: Trump Marks Egypt and Trump Marks Egypt LLC. Both Egypt’s autocratic leader, Abdel Fattah al-Sisi, and Trump have lavished praised on one another.