President-elect Trump has stated he is transferring control of his company over to his two sons. It appears they will be taking the reigns in full stride as they are set to meet with an indonesian business tycoon next week.
Bloomberg.com reported: Indonesian tycoon Hary Tanoesoedibjo will fly to New York next week for meetings with Trump’s sons on resort projects in the Southeast Asian nation. Days later he will watch in Washington DC as Trump is sworn in as U.S. president.
While their association began long before Trump ran for office, Tanoesoedibjo’s itinerary, with its mix of corporate and political conversations, illustrates the tricky task for Trump in divorcing himself entirely from his sprawling international business empire -- with interests in about 20 countries -- once he’s in office.
Tanoesoedibjo, who is founder of media and real estate conglomerate MNC Group and may harbor political aspirations of his own, will meet Trump’s sons Don Jr. and Eric on Jan. 18 in New York to discuss their deal to upgrade two resorts in Bali and West Java. The following day he will leave for Washington, having been invited by the Trump family to attend the inauguration with his wife.
“I have to underline that it’s a business relationship,” Tanoesoedibjo, 51, said in an interview on Monday at his gated residence in South Jakarta. “I’m sure when he becomes president, Mr. Trump, everything won’t be much different from now.”
Trump’s plan to let his sons run the business empire during his presidential term hasn’t satisfied politicians from both parties, who continue calling for him to divest completely to resolve conflicts of interest. While he has pledged to do no new deals during his administration, ongoing projects still in their early stages are set to test ethical boundaries.
The president-elect said Wednesday in New York he would leave all positions at the Trump Organization, though he won’t be divesting his ownership in the company or placing it in a blind trust.
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