2024-02-18 19:08:48
New Delhi: The troubles of former US President Donald Trump have increased. In a case related to fraud, a court of the country has imposed a fine of 355 million dollars (about Rs 29,46,09,17,500) on Trump and his companies. Besides, a ban of three years has also been imposed on him. Trump has a big real estate business which is spread all over the world. Trump is accused of defrauding banks by exaggerating his net worth. He had inflated the prices of his properties to get loans from banks. After a three-month long trial in Manhattan, a New York judge said in his decision that Trump cannot hold the post of director in any company for the next three years. Also, during this period he cannot take loan from any bank. Trump has said that he will appeal against this decision. Trump, who is fighting for presidential elections again, said that the New York judge has fined me for building a perfect company. This is the worst day for the country. Trump is also a successful real estate businessman. His personal residence is Trump Tower in Manhattan. On similar lines, he has built Trump towers in many countries of the world including India. Trump Tower in India is built in Kalyani Nagar, Pune, which was inaugurated by Trump’s son Donald Trump Jr. in the year 2018. This Trump Tower is built in collaboration with Indian real estate company Panchsheel Developers.
India-US Relations: India’s voice is strong in this American market, there is no one far away in competition.
business in india
Along with real estate, Trump has also invested money in other businesses. The biggest thing is that after North America, where Trump has invested the most in real estate, it is India. The Trump Organization is a group of 500 business entities owned by Donald Trump. Of these, more than 250 companies use Trump’s name. It was founded by Trump’s grandmother Elizabeth Christ Trump and father Fred Trump as E. Trump & Sons. The annual income of this company is approximately Rs 5,000 crore annually.