U.S. President Donald Trump has claimed that he was not involved at all in the $500 million major investment made by UAE National Security Advisor Sheikh Tahnoun bin Zayed Al Nahyan in WLFI stock. This investment story was revealed through reporting by The Wall Street Journal and has caught the attention of multiple politicians.
UAE Officials’ Breakdown of the Major Investment Deal
In this deal, officials from the United Arab Emirates invested $500 million in WLFI stock. Interestingly, this agreement is said to have been signed by Trump’s son, Eric Trump. Part of the investment directly flowed into companies linked to the Trump family, totaling $187 million. Additionally, at least $31 million is reported to have been funneled into companies associated with Steve Witkoff, a close ally of President Trump.
The True Meaning Behind Trump’s “I Didn’t Know” Claim
President Trump stated that he was not involved in this investment story and implied that such matters are handled by his son and family. However, given the scale of the investment and the direct flow of funds into family businesses, questions have been raised about the credibility of his claim.
Congress to Increase Oversight
Senator Elizabeth Warren announced that she is calling for congressional hearings regarding this deal. This move stems from concerns that the financial relationships between the UAE and the U.S. government may lack transparency. Attention is now focused on how this investment will be monitored moving forward.
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UAE officials invest $500 million; President Trump claims he is 'not aware of any involvement'
U.S. President Donald Trump has claimed that he was not involved at all in the $500 million major investment made by UAE National Security Advisor Sheikh Tahnoun bin Zayed Al Nahyan in WLFI stock. This investment story was revealed through reporting by The Wall Street Journal and has caught the attention of multiple politicians.
UAE Officials’ Breakdown of the Major Investment Deal
In this deal, officials from the United Arab Emirates invested $500 million in WLFI stock. Interestingly, this agreement is said to have been signed by Trump’s son, Eric Trump. Part of the investment directly flowed into companies linked to the Trump family, totaling $187 million. Additionally, at least $31 million is reported to have been funneled into companies associated with Steve Witkoff, a close ally of President Trump.
The True Meaning Behind Trump’s “I Didn’t Know” Claim
President Trump stated that he was not involved in this investment story and implied that such matters are handled by his son and family. However, given the scale of the investment and the direct flow of funds into family businesses, questions have been raised about the credibility of his claim.
Congress to Increase Oversight
Senator Elizabeth Warren announced that she is calling for congressional hearings regarding this deal. This move stems from concerns that the financial relationships between the UAE and the U.S. government may lack transparency. Attention is now focused on how this investment will be monitored moving forward.