"appears to be a corrupt operation, Trump’s “worst deal” ever and possibly a conduit for illegal activity by Iran’s Revolutionary Guard" 🐷
"A lengthy new investigative story in the New Yorker reveals that Donald Trump and his Trump Organization helped build a hotel in Baku, the capital of Azerbaijan, a project that the magazine says appears to be a corrupt operation, Trump’s “worst deal” ever and possibly a conduit for illegal activity by Iran’s Revolutionary Guard.”
"The 33-story luxury Trump International Hotel and Tower Baku, which never opened, was engineered by oligarchs, reporter Adam Davidson writes. It potentially violated the Foreign Corrupt Practices Act and may have enabled money-laundering and other illegal activities undertaken by the Iranian Revolutionary Guard."
"Ivanka wasn’t shy about boasting about her role in the project on her website, posting a photo of herself from November 2014, wearing a hard hat inside the half-completed hotel. A caption reads: “Ivanka has overseen the development of Trump International Hotel & Tower Baku since its inception, and she recently returned from a trip to the fascinating city in Azerbaijan to check in on the project’s progress."
Ivanka Trump played key role in her father’s failed — and potentially corrupt — Azerbaijan hotel deal, report says
Mercury News, March 10, 2017
"A day after Donald Trump designated Iran's Islamic Revolutionary Guards Corps (IRGC) a terrorist organisation, reports are reemerging of the Trump Organization's alleged participation in a scheme that likely helped the IRGC launder money to fund its interests abroad."
"But according to a 2017 report by the New Yorker, the Trump Organization signed contracts in 2012 with developers to build a skyscraper in Azerbaijan that appeared “to be a corrupt operation engineered by oligarchs tied to Iran’s Revolutionary Guard”.
"The Trump Tower Baku project carried some classic hallmarks of a money-laundering operation, including firms being paid in cash, some of which was transferred in duffel bags."
"Trump Organization lawyer Alan Garten said the company learned in 2015 about the “possibility” the Mammadovs had ties to the IRGC, which was under US sanctions, but did not pull out of the deal until December 2016 as there was “no rush” because the project had “stalled”.
Trump's 'business ties' to Iran's Revolutionary Guards reemerge, a day after he designated it a terror group
The Independent, April 9, 2019