Trump To Dissolve Controversial Trump Foundation

Trump's transition team has explained that the move is aimed at avoiding "even the appearance" of any conflict of interest with his presidency.

trump foundation
Donald J. Trump with Florida’s attorney general, Pam Bondi, before speaking at a campaign event in Tampa on Aug. 24. Credit Damon Winter/The New York Times

US President-elect Donald Trump has disclosed that he intends to dissolve his charitable foundation, which is under investigation, the BBC reports.

The President-elect’s transition team explained that the move is aimed at avoiding “even the appearance” of any conflict of interest with his presidency.

In September, New York’s attorney general said he was investigating the Trump Foundation over suspected “impropriety”.

But Trump has dismissed the claim.

New York’s Attorney General Eric Schneiderman had said then that his office wanted to ensure the Foundation was “complying with the laws that govern charities in New York”.

“We have been concerned that the Trump Foundation may have engaged in some impropriety from that point of view,” Mr Schneiderman told CNN.

US media say Mr Schneiderman’s office has been investigating the Foundation since at least June. This, according to reports, was when it formally questioned a donation made to a group backing Republican Florida Attorney General Pam Bondi in 2013.

The $25,000 (£19,000, €22,000) payment was said to have been made at a time when Bondi’s office was reportedly considering whether to open a fraud investigation into Trump University.

But the fraud investigation never happened, even though Bondi denied the decision was influenced by the donation she received.

Aides to Trump have already admitted the donation was a mistake resulting from clerical errors, according to reports.

Have a story to tell, or images to share on a breaking news story? Send them to Concise News via Whatsapp (0906 928 2577)

Join the Conversation


Joe Biden Tells Trump To ‘Grow Up’ Over Russia Hacking Joe Biden, the US Vice-President, has asked President-elect Donald Trump to ''grow up'' even as he criticised his attacks on intelligence agencies.
Trump Victory Sparks Protests Around The U.S. Donald Trump's campaign pledge received strong condemnation as protesters in different parts of the country expressed their displeasure over the Republican candidate's victory in Tuesday's U.S. presid...
Trump ‘Demonising’ Policy A Global Threat – Amnesty The US President Donald Trump and other leaders whose policies "demonise" entire groups of people pose a growing danger for the world, Amnesty International said Wednesday in its annual report.
Obama Cautions Trump: I’m US President, Not You US President Barack Obama has told incoming President Donald Trump not to interfere in his policies as there can only be one US President at a time.
Russia Denies Having Compromising Information On Trump The Kremlin on Wednesday denied claims that Russia gathered compromising information on Trump, saying the allegation was aimed at damaging Moscow's relations with Washington.