During the campaign, Donald Trump never promised to put his company in a blind trust or take any steps to separate himself from the business. He did, however, say his children would be running the business while he served as president.
His lack of transparency with taxes and business dealings are now starting to emerge, and not positively. President-Elect Donald J. Trump has met with officials in the Trump Tower, along with three Indian business partners who are involved in the process to build a Trump-branded hotel in Mumbai, reports NY Times. This meeting raises questions about whether President-Elect is cutting ties and having the family run the business; or if he will be running his empire while running the country.
The President-Elect’s Ties to Turkey
There are numerous reports about Turkey and their ties to Trump. In fact, Trump’s Towers Istanbul have given Trump more than $10 million since 2014 to put the Trump name on their tower. The owner of the tower is one of Turkey’s largest oil and media companies.
According to the Washington Post, this raises serious ethical concerns about the president’s business and how it will impact the country. Trump seems to be using his powers as the president-elect to see if he can influence business dealings, or countries and companies are assuming that Trump’s status will help improve business relationships. Regardless, it does not seem Trump is giving up the business at all.
Trump’s Luxury Projects
As of right now, Trump has five projects in India, including his Trump Tower, an apartment complex, an apartment block, and other ventures. Trump is currently lending his name to these companies, but they are not joint-ventures, says Economic Times.
Trump’s Team Defending His Actions
After it was reported that Trump met with three businessmen from India, his team put out a statement that the men had flown to America to congratulate Mr. Trump; not meet for any official Trump business. One of the businessmen, Sagar Chordia, posted photos on his Facebook account showing how he met with Ivanka Trump and Eric Trump – two children who Trump named responsible for his business during his presidency.
Now that Trump is president, his three business partners in India have already stated that they intend to expand their relationships with the Trump Organization because of his victory.
Per the NY Times, none of the men would respond to phone calls and requests for an interview about their dealings with the President-Elect.
Washington ethics attorneys have said that the meeting with Trump and the three men, regardless of what they did or did not discuss, is a conflict of interest for the president-elect. They went on to state that his meetings could be perceived as using his presidency to advance business interests.
All ethic groups watching Trump are now sending warnings out publicly, says The Washington Post. Plenty of deals for the Trump Organization were launched during his campaign, which begs the question if his presidency was aimed at strengthening his organization and creating new business ventures; not improving the country.