trump: Trump hid foreign payments from his DC hotel as it lost money, House panel says


WASHINGTON: Former United States President Donald TriumphThe companies tried to hide millions of dollars in foreign government payments that flowed through their unprofitable hotel in downtown Washington, a US congressional committee said on Friday.
The House Oversight and Reform Committee said the hotel records raise “troubling” questions about the Trump International Hotel, located in a historic building Trump Organization federal government leases.
The hotel served as a popular gathering place for Trump supporters, foreign dignitaries and fellow Republicans during his tenure.
According to the Democratic-controlled committee, Trump reported that the hotel earned him more than $ 150 million during his tenure, but actually lost more than $ 70 million.
The committee found that the hotel received more than $ 3.7 million in payments from foreign governments, roughly equal to more than 7,400 nights at the hotel, raising a potential conflict of interest.
Provisions in the US Constitution prohibits the president from obtaining payments or “emoluments” from foreign governments.
The hotel gave some of that money to the US government, but did not provide details of those payments to the General Services Administration (GSA), the agency that manages federal properties, the Democratic-controlled committee said.
Trump’s attorneys have argued in court cases that his hotel property did not violate these constitutional provisions.
A spokesman for the Trump Organization did not immediately respond to a request for comment. The GSA, likewise, did not immediately respond.
Congressional Democrats say the GSA blocked their investigation into Trump’s dealings while he was in office, but in July 2021 he finally produced some of the documents they had been seeking.
The committee also found that Trump moved millions of dollars through other companies, complicating the GSA’s ability to enforce provisions that prohibited it from collecting hotel profits.
The committee also found that he hid debts when he bid for the use of the property in 2011.

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