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Sun Oct 29, 2017, 11:40 PM

Trump vowed no new foreign deals. His son is about to inaugurate two new projects in India.


Trumps set to launch two real estate projects in India, despite conflict-of-interest concerns

https://www.washingtonpost.com/world/asia_pacific/trumps-set-to-launch-two-real-estate-projects-in-india-despite-conflict-of-interest-concerns/2017/10/27/f7de887c-a2d9-11e7-b573-8ec86cdfe1ed_story.html?utm_term=.a0f1a0bdb8c3


KOLKATA, India — President Trump’s eldest son, Donald Jr., is expected to launch two residential projects in India for the Trump Organization in the coming weeks, continuing the family’s promotion of the Trump empire despite concerns over the president’s potential conflicts of interest with foreign governments. The Trump Organization vowed early on there would be “no new foreign deals” during Trump’s tenure as president; these two projects in India were inked before his election.

But the high-profile launches demonstrate that the pledge comes with an asterisk — agreements made years ago can move forward or be revitalized, such as the Trumps’ 2007 deal to build a luxury beachfront resort in the Dominican Republic that may be revived, according to an Associated Press report.

-snip-

The Mumbai tower is being built by the family company of Mangal Prabhat Lodha, a powerful state legislator and state vice president of the governing Bharatiya Janata Party. The Lodha Group was investigated for $30 million in untaxed revenue and fined $1 million; the company eventually settled the tax bill for an undisclosed amount. Earlier this year, a Lodha spokeswoman, speaking on the condition of anonymity, declined to comment on the case, saying it was “old” and was not related to the Trump project.

Basant Bansal, co-founder of M3M India, one of the developers of the Gurgaon high-rise, caught the attention of tax investigators twice, records show, once in 2008 and again in 2011, when authorities seized cash worth $48 million in a raid on the company’s offices. A tax investigator said Bansal ultimately paid the taxes he owed. M3M and one of its employees have been charged with bribing forest officials to clear-cut land in a case that is still pending; a spokesman for the company has denied wrongdoing. Brothers Basant and Roop Bansal established M3M, which stands for “Magnificence in the Trinity of Men, Materials and Money,” and declined further comment.

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Reply Trump vowed no new foreign deals. His son is about to inaugurate two new projects in India. (Original post)
KelleyKramer Oct 2017 OP
MFM008 Oct 2017 #1
Alice11111 Oct 2017 #5
JI7 Oct 2017 #2
yortsed snacilbuper Oct 2017 #3
dalton99a Oct 2017 #7
Alice11111 Oct 2017 #4
ATL Ebony Oct 2017 #6
Alice11111 Oct 2017 #8

Response to KelleyKramer (Original post)

Mon Oct 30, 2017, 12:30 AM

1. im hoping he will be busy tomorrow

being arrested............

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Response to MFM008 (Reply #1)

Mon Oct 30, 2017, 01:45 AM

5. That would be one of the best days of my life.

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Response to KelleyKramer (Original post)

Mon Oct 30, 2017, 12:40 AM

2. the Trumps are exactly like the politicians and others in india with the same open corruption

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Response to KelleyKramer (Original post)

Mon Oct 30, 2017, 12:49 AM

3. the trump way

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Response to yortsed snacilbuper (Reply #3)

Mon Oct 30, 2017, 06:31 AM

7. +1

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Response to KelleyKramer (Original post)

Mon Oct 30, 2017, 01:43 AM

4. They have taken hypocricy to a new level. My fear is

that they have normalized this behavior for future presidents, and no one will sell off their businesses or do real blind trusts anymore. We may be in a new era, which is another reason we need a public shaming, removal from office & jail. We need to tell America and the world that his behavior, and that of his participating family members, is aberrant and abhorrent.

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Response to Alice11111 (Reply #4)

Mon Oct 30, 2017, 05:25 AM

6. There needs to be a change in rules -- mandatory tax returns, for one

I believe CA a similar rule requiring tax returns otherwise they're prohibited from getting on the ballot.

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Response to ATL Ebony (Reply #6)

Tue Oct 31, 2017, 01:14 PM

8. Yeah, CA usually is a leader in reform.

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