« While in office, President Trump received preferential treatment potentially worth millions from a foreign bank, » a statement by the Oversight Committee said.
Former President Donald Trump ‘s Washington, D.C. hotel totaled over $70 million worth of losses over the course of his presidency, despite his camp claiming the business was profitable according to documents released by the House Oversight Committee. While the hotel suffered those losses and needed to receive $27 million from one of Trump’s holding companies, DJT Holdings, Trump reported that the hotel brought him an income of $150 million, according to documents obtained by the General Services Administration. The committee said that $24 million of that was not repaid and instead went toward capital contributions. In addition to this lack of payment, the report outlined that the hotel entered an agreement with Deutsche Bank Trust Company Americas, a branch of German-owned Deutsche Bank AG, that provided the maximum amount of funding at $170 million.
