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Old 12-06-2022, 04:27 PM
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Default Trump did not disclose $19.8m loan

https://www.msn.com/en-us/news/polit...d9c4ba88a96ab2

Donald Trump failed to disclose a $19.8m loan from a company with historical ties to North Korea, while he was the US president, according to a new report.

Photograph: Andrew Harnik/AP
Photograph: Andrew Harnik/AP
© Provided by The Guardian
Documents obtained by the New York attorney general, and reported by Forbes, on Sunday indicate a previously unreported loan owed by Trump to Daewoo, the South Korean conglomerate.

Related: Jurors in Trump Organization tax fraud trial set to begin deliberations

Daewoo was the only South Korean company allowed to operate a business in North Korea during the mid-1990s.

Forbes revealed that Trump’s relationship with Daewoo is at least 25 years old. At one point, Daewoo partnered with Trump on a development project near the United Nations headquarters in New York City, Trump World Tower.

Trump and Daewoo continued to do business together, including using Trump’s name on six South Korea-based properties from 1999 to 2007, according to the magazine.
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