CNN reports citing Democratic report from the U.S. House of Representatives Oversight Committee
“Trump received 10 billion won from 20 countries, including China, while in office.”
It was alleged that the Chinese government and state-run organizations spent at least $5.5 million (approximately 7.2 billion won) on real estate owned by Trump during the time former U.S. President Donald Trump was in office.
On the 4th (local time), CNN and others reported that this fact was included in a report released on this day by Democratic lawmakers from the U.S. House of Representatives’ Government Oversight Committee.
According to a report released by Rep. Jamie Raskin (Democrat, Maryland), a member of the U.S. House Oversight Committee, former President Trump’s business received a total of $7.8 million (about 10.2 billion won) from 20 foreign governments or related organizations during his term. Contained.
It was found that China traded $5.5 million through the Chinese Embassy in the United States, the Industrial and Commercial Bank of China (ICBC), and Hainan Airlines. This is a uniquely high figure compared to other countries. The second largest spender was Saudi Arabia, which spent $615,000.
In particular, the report also included claims that former President Trump ignored sanctions on Chinese banks because of the rent for buildings he owned.
In other words, during former President Trump’s first year in office, investigations were conducted into North Korea’s financial transactions with Chinese banks, including the Industrial and Commercial Bank of China (ICBC), China’s state-owned commercial bank, but Trump demanded sanctions against Chinese banks in order to collect rent. It is said that it was virtually ignored.
ICBC was located in Trump Tower in New York until at least 2019, and the basic admission fee was reportedly $1.9 million.
The U.S. Republican Party is conducting an impeachment investigation, alleging that President Joe Biden may be involved in the business dealings of President Joe Biden’s second son, and this report appears to be a counterattack by the Democratic Party.
Meanwhile, the Chinese Embassy in the United States only expressed its position in principle.
In response to media inquiries, Liu Fengyu, a spokesperson for the Chinese Embassy in the United States, said, “China adheres to the principle of non-interference in internal affairs and does not comment on issues related to U.S. domestic politics.”
Spokesperson Liu also said, “The Chinese government has been demanding that Korean companies conducting business overseas comply with the laws of the country,” adding, “US-China economic and trade cooperation is mutually beneficial, and China will not allow the US to politicize US-China economic and trade issues.” “I oppose it,” he emphasized.
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.