Deutsche Bank delayed asking for a loan repayment instalment from former US president Donald Trump's loss-making hotel in Washington while he was in office
FILE PHOTO: Former U.S. President Donald Trump looks on during his first post-presidency campaign rally in Wellington, Ohio, US, June 26, 2021.
Trump's company lost more than $70 million operating his Washington hotel, forcing him at one point to get a reprieve from Deutsche. The committee said financial statements it obtained show the losses came despite an estimated $3.7 million in payments from foreign governments, that ethics experts say Trump should have refused because it posed conflicts of interest with his role as president.
The letter was sent to General Services Administration, the federal agency overseeing the hotel. The hotel is leased by the federal government to the Trump Organisation.
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