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'Reasonable questions' over financing of Donald Trump's Scottish resorts, court hears
https://www.scotsman.com/news/national/reasonable-questions-over-financing-of-donald-trumps-scottish-resorts-court-hears-3433175A judicial review into the Scottish Government’s refusal to pursue an Unexplained Wealth Order (UWO) into the former US president’s business was told the money for Mr Trump’s golf resorts was being “funnelled in from elsewhere outside the UK from apparently unlimited funds”.
...
“The most recent accounts of the company which apparently owns Turnberry shows it made a consolidated loss of £2.3m in 2019 and £10.7m the previous year,” he said.
"The notes on the accounts state the group is dependent on continuing financing being made by its ultimate owner to enable it to continue operating.”
the questions around the finances of the Trump properties were not just related to how they were purchased, but maintenance costs and the “ongoing loss” registered.
...
“The most recent accounts of the company which apparently owns Turnberry shows it made a consolidated loss of £2.3m in 2019 and £10.7m the previous year,” he said.
"The notes on the accounts state the group is dependent on continuing financing being made by its ultimate owner to enable it to continue operating.”
the questions around the finances of the Trump properties were not just related to how they were purchased, but maintenance costs and the “ongoing loss” registered.
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