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Wed Apr 10, 2019, 05:02 PM

Purchase of Condo in Trump Building Linked to Republic of Congo, Report Shows

The Trump International Hotel and Tower in Manhattan, near the southwest corner of Central Park, is a 44-story building with a mix of luxury condominiums and hotel suites that go for more than $2,500 a night.

Unit 32G, a two-bedroom, 1,767-square-foot apartment with sweeping views of the park, is owned by an entity called Ecree, which bought the condo in 2014 for $7 million in cash.

Documents unearthed by the nonprofit group Global Witness show that the purchase was funded by the daughter of the Republic of Congo’s president, a longtime target of anti-corruption investigators. The funds for the all-cash purchase appear to have been siphoned from that country’s government, according to a report by Global Witness.

The purchase took place more than two years before Donald J. Trump became president. Owners of units in the building — 1 Central Park West — pay tens of thousands of dollars a year in condo fees to Mr. Trump’s company, the Trump Organization.

https://www.msn.com/en-us/money/markets/purchase-of-condo-in-trump-building-linked-to-republic-of-congo-report-shows/ar-BBVN9QP?li=BBnb7Kz

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