BILLIONAIRE Donald Trump has asked the UK Government to bail out his golf courses in Scotland as they struggle to cope with the economic chaos of the coronavirus crisis.
The Trump Organization is looking to furlough workers at its Ayrshire and Aberdeenshire courses.
In the States, it’s legally barred from seeking aid.
The lockdown has seriously dented the family’s global business interests, which are owned beneficially by the President but run day-to-day by his two eldest sons. Estimates suggest the form is losing around $1m a day.
According to Bloomberg the company is seeking government aid to pay most of the salaries of bartenders, bagpipers and other employees at its three money-losing golf resorts in Scotland and Ireland.
In the U.S., roughly 2,000 employees dismissed from Trump golf courses and hotels will have to line up with millions of others to apply for unemployment payments.
“Like millions of businesses around the globe, we have been forced by government mandate to temporarily close our hospitality and leisure facilities,” said Sarah Malone, executive vice president of the Trump resort in Aberdeenshire. Continue reading →
A Member of the Scottish Parliament is asking his fellow ministers to investigate President Donald Trump’s deals through which he acquired his properties in Scotland, including Trump’s two multi-million dollar losing golf courses. President Trump prizes his Turnberry, Scotland resort, but reports that the American president is using the U.S. federal government to help keep it afloat have dogged him
MSP Patrick Harvie “said there were reasonable grounds for suspecting that the US president, or people he is connected with, ‘have been involved in serious crime,’” The Scotsman, Scotland’s national newspaper reports.
Harvie is urging lawmakers to seek an apply for an “unexplained wealth order” from a Scottish court, which would allow them to learn how the U.S. president “bankrolled his multimillion acquisitions of land and property in his mother’s homeland.”
An unexplained wealth order (UWO) is a mechanism which allows the Scottish government “to target suspected corrupt foreign officials who have potentially laundered stolen money through the UK.”
If “a suspected corrupt foreign official, or their family, cannot show a legitimate source for their riches,” the Scottish government can seize properties.