Despite pledge, Trump company works with a foreign entity. Again.

[babylonsister]

McClatchy DC | McClatchyDC.com
Company partially owned by two governments expected to build Trump-branded resort in Indonesia | McClatchy Washington Bureau
Despite pledge, Trump company works with a foreign entity. Again.
By Anita Kumar
December 04, 2017 05:00 AM


A construction company owned in part by the governments of Saudi Arabia and South Korea plans to build a Trump-branded luxury resort development in Indonesia despite a vow from Donald Trump that his family business would not make any deals with foreign government entities while he serves as president.

Trump’s partner, MNC Land, recently entered into a preliminary agreement with Posco E&C Indonesia to become the main contractor for the first phase of the development — billed in promotional material as a “Trump Community” that includes a Disney-like theme park, a six-star hotel and a golf course.

MNC Land, through its subsidiary PT Lido Nirwana Parahyangan, and Posco E&C Indonesia officials signed a memorandum of understanding on Nov. 11 at a ceremony in Jakarta that was attended by several high-level government officials from Indonesia and South Korea and was widely covered in the foreign media.

“We are building a 6-star hotel in cooperation with Trump Hotel Collection and following golf course and golf park as well,” Andrian Budi Utama, managing director of the MNC project called “Lido City”, said at the ceremony. “This is the purpose of today and this event.”

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This Trump International Hotel and Tower Lido project is the latest example of a slew of potential conflicts of interest Trump faces as he serves as president while continuing to own his vast real estate empire. McClatchy reported in September that a major construction company owned by the Chinese government was awarded a $32-million contract to build a six-lane road as part of the residential piece of the Trump World Golf Club Dubai project.

This, after the Trump Organization agreed to not engage in any new foreign deals or new transactions with a foreign entity — country, agency, official, sovereign wealth fund or member of a royal family — other than “normal and customary arrangements” made before his inauguration. It withdrew from some projects, including those in Argentina, Georgia and India, but kept others, including those in Canada, the United Arab Emirates and Uruguay.

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http://www.mcclatchydc.com/news/politics-government/white-house/article187562198.html

[Wellstone ruled]

1. Donnie has told his inner Circle he

planned on expanding his Brand. And to take advantage of the White House position to do it. Looks like the pay off price for Trump is north of a Billion dollars before he leaves.