U.S. lawmakers question Trump ties to Panama project [View all]
Source: Reuters
SAO PAULO (Reuters) - Two members of the U.S. House of Representatives Foreign Affairs Committee have asked the Trump Organization if it was aware of allegations that real estate agents and investors involved in the Trump Ocean Club in Panama had ties to money laundering and drug trafficking.
Democratic Representatives Norma Torres and Eliot Engel sent the letter, seen by Reuters, to the Trump Organization’s general counsel, Alan Garten, on Wednesday evening. They asked what due diligence was done on investors and agents involved in the project, which earned President Donald Trump between $30 million and $50 million for lending his name to it, according to court records.
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“Given widely reported allegations of money laundering and drug trafficking in connection with Trump Ocean Club Panama, we believe it is imperative to understand the Trump Organization’s knowledge of and role in sales at this property,” the representatives wrote.
They asked if the Trump Organization at any time became aware that “any agents or investors involved in Trump Ocean Club were involved in money laundering or illegal narcotics trafficking,” and, if so, had they reported it to U.S. or Panamanian authorities and terminated business arrangements with any suspected individuals.
Read more: https://www.reuters.com/article/us-usa-trump-panama/u-s-lawmakers-question-trump-ties-to-panama-project-idUSKCN1GD5B4
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