Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis
Al-Qassam Brigades: A NIMR armored personnel carrier carrying an Israeli soldier was targeted with an Al-Yassin missile north of Khan Younis
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes

Missing $19.8mln loan owed to Daewoo found on Trump documents

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Dec 2022 09:53
  • 3 Shares
3 Min Read

Suspicion arises as the documents obtained state that Daewoo was bought out of its position in 2017 without stating how and who paid the debt.

  • x
  • Former US president Donald Trump (Zing News)
    Former US president Donald Trump (Zing News)

A Forbes report on Sunday, citing documents acquired by the New York state attorney general, showed evidence of an unreported loan of $19.8 million owed by former US president Donald Trump to the South Korean firm, Daewoo.

The loan was not disclosed by the former President, according to Forbes.

The $19.8mln balance remained the same from 2011 to 2016. But five months after Trump took office, the balance plunged to $4.3mln, as stated on Trump’s finances as of June 2017. Allen Weisselberg, Trump’s chief financial officer, declared the year before that Trump had disclosed all debts related to companies he had a 100% share in.

Trump and Daewoo collaborated on the Trump World Tower, near the UN headquarters in New York City. Trump’s name is even found on six South Korea-based properties established from 1999 to 2007.  Outlet reports allege, however, that the deals “stems from an agreement Trump struck to share some of his licensing fees with Daewoo."

Suspicion arises as the documents obtained by the attorney general stated that “Daewoo was bought out of its position on July 5, 2017,” without stating how and who paid the debt and without being disclosed on Trump's public financial disclosure reports. 

Related News

Trump executive pleads guilty in tax case, agrees to testify

Although the amount was stated on the internal documents pertaining to the Trump Organization, Trump was required under disclosure laws to hand over the papers to the feds during his time as President and even before taking office. 

This may not surely indicate that laws may have been violated by Trump, yet the debt itself represents a conflict of interest.

In a series of other chaotic mess-ups Trump has made the last few years, jurors on Monday began their part in the Trump Organization tax fraud trial in the state of New York. The lawsuit against the company is based on the accusation of fraud and tax evasion.

During Trump's presidency, the Treasury Department refused to turn over the documents in the dispute over his tax returns. However, the Biden administration argued that it is clear from the federal law that the committee has the authority to review the tax returns of any taxpayer, including the President. 

Trump's arguments that the committee was overstepping its bounds and only wanted the records so they could be made public were rejected by lower courts, which agreed that the committee had broad authority to obtain tax returns.

Chief Justice John Roberts imposed a temporary freeze on November 1 to give the court time to consider the legal arguments made by Trump's attorneys, as well as the administration and the House of Representatives rebuttals.

#Trump's controversial mess-ups are many, from his gun, immigration, and international policies. pic.twitter.com/Ccsyz2k2aC

— Al Mayadeen English (@MayadeenEnglish) November 18, 2022

  • Allen Weisselberg
  • US
  • North Korea
  • Daewoo
  • Donald Trump
  • South Korea

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS