The Trump Organization denied on Wednesday committing any violations, referring to a criminal probe into investments made by state pension funds in Trump Towers Rio.
It is alleged that state agencies "favored, in a suspicious manner, the economic group The Trump Organization," among others, Deutsche Welle said.
'The size, structure and high risk level of the investment meant it "required investigation," Anselmo Lopes, a federal prosecutor in the capital, Brasilia, said in the document dated October 21 opening the inquiry.
The revitalization project - known as "Projeto Porto Maravilha” (Project Marvelous Port) - has been the subject of a federal investigation into claims of favoritism in the selection of financing projects backed by investment funds from state-owned companies.
According to Brazilian authorities, $2.5 billion (2.2 billion euros) in public funds were lost as a result of investments which went bad.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor