Trump denies knowledge of Abu Dhabi royal’s $500M stake in WLFI

Former President Donald Trump has refuted claims regarding his awareness of a significant investment by an Abu Dhabi royal family member in World Liberty Financial, a financial services company. Reports have emerged that the investment, valued at $500 million, was finalized just days before Trump took office on January 20, 2017. This investment would position the UAE-based firm as the largest shareholder in World Liberty Financial.

Trump's statement came in response to media inquiries about the transaction. He emphasized that he had no knowledge of the deal or the involvement of the Abu Dhabi royal. The investment has drawn attention due to its timing and the substantial amount, raising questions about potential conflicts of interest and foreign influence during Trump's presidency.

World Liberty Financial, known for its operations in finance and investment, has not publicly commented on the details of the deal or its implications. The company has been involved in various sectors, but this investment could significantly enhance its financial leverage and market position.

The potential ramifications of this investment, particularly in the context of U.S.-UAE relations and foreign investments in American companies, are being scrutinized by analysts and political observers. This situation highlights ongoing concerns regarding the transparency of financial dealings involving political figures and foreign entities.

Trump's denial of involvement or knowledge about the investment adds another layer of complexity to the investigation into his business dealings while in office. As more details emerge, the implications of such foreign investments in American companies, especially during a politically sensitive period, are likely to remain a topic of discussion in the media and among policymakers.

Key Takeaways

Donald Trump has denied any knowledge of a $500 million investment by an Abu Dhabi royal in World Liberty Financial.
The deal, finalized four days before Trump's inauguration, would make the UAE-based firm the largest shareholder.
The investment raises concerns about potential foreign influence and conflicts of interest during Trump's presidency.
Analysts are closely monitoring the implications of foreign investments in U.S. companies, particularly in light of ongoing investigations into Trump's business dealings.

This article was inspired by reporting from CoinTelegraph. · Report an issue