Why the Trump Organization Was Cited in a Brazil Corruption Probe
It may have found itself managing a hotel backed by “shady” characters and “possible corruption.”
When Donald Trump pulled his name off a beachfront hotel in Rio de Janeiro in December, his company said it was due to delays in the project and called the move part of “normal housecleaning” in the weeks before he took up the presidency.
Brazilian prosecutors and lawmakers investigating pension funds that backed the project paint a picture that may provide a different explanation. In court documents and interviews, investigators say the Trump Organization, in a deal negotiated by daughter Ivanka and son Donald Jr., found itself managing a hotel backed by shady characters, profligate pension funds and built on, prosecutors suspect, corruption.