Trump company signs another deal with foreign developer and breaks another Trump promise
https://www.rawstory.com/2017/12/trump-company-signs-another-deal-with-foreign-developer-and-breaks-another-trump-promise/
MNC Land, a Trump Organization partner, entered into a preliminary agreement with Posco E&C Indonesia on the first phase of development of a luxury resort, reported McClatchy.
South Koreas public pension fund owns 10.88 percent of Posco, according to an independent auditors report, and the Saudi Arabian Monetary Authority owns 2.38 percent.
The president promised before his inauguration that Trump Organization had agreed not to engage in any new foreign deals or new transactions with a foreign entity, and he placed his holdings in a trust he can draw on for his exclusive benefit at any time.
McClatchy previously reported in September that a major construction company owned by the Chinese government was awarded a $32-million contract to build a six-lane road for the Trump World Golf Club Dubai project.