essentialsaltes
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- Oct 17, 2011
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White House directly intervened to win $620M deal for company linked to Trump's son
When the Pentagon announced a $620 million loan last year to a small North Carolina startup linked to Donald Trump Jr., defense officials and the company tried to tamp down suspicions of cronyism.But interviews and Defense Department records reviewed by ProPublica show that the request to loan hundreds of millions of dollars to the firm linked to Trump Jr. was made by Peter Navarro, a White House adviser to President Donald Trump and a friend of Trump Jr.’s.
Of the dozens of companies the Pentagon was considering funding at the time, Vulcan’s was the only deal initiated by a top aide to the president, said an official at the Pentagon who was not authorized to speak publicly.
After defense officials got the White House request, they asked Pentagon staff to move at an unusually rapid pace, said another person who was involved in the deal at the Pentagon but not authorized to speak about it. The staff worked late nights and with little sleep to get the loan through in a matter of weeks, the source said.
“The call came from the White House: We have to get this done,” the person said.
Companies considered for funding are generally vetted for many months, the person said, but this deal was completed in a matter of weeks because they were told it was a White House priority.
Richard Painter, the chief White House ethics lawyer during the George W. Bush administration, said aides to the president should not be intervening in contracting and lending decisions by agencies, particularly in matters that financially benefit the president’s family.
“This is our money they’re spending,” Painter said. “This is corruption we pay for.”
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