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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums(from 2017) Donald Trump's Worst Deal (Azerbaijan hotel assoc. w/ IRGC)
https://www.newyorker.com/magazine/2017/03/13/donald-trumps-worst-deal
Donald Trumps Worst Deal
The President helped build a hotel in Azerbaijan that appears to be a corrupt operation engineered by oligarchs tied to Irans Revolutionary Guard.
By Adam Davidson
March 5, 2017
Heydar Aliyev Prospekti, a broad avenue in Baku, the capital of Azerbaijan, connects the airport to the city. The road is meant to highlight Bakus recent modernization, and it is lined with sleek new buildings. The Heydar Aliyev Center, an undulating wave of concrete and glass, was designed by Zaha Hadid. The state oil company is housed in a twisting glass tower, and the headquarters of the state water company looks like a giant water droplet. Its like Potemkin, my translator told me. Its only the buildings right next to the road. Behind the gleaming structures stand decaying Soviet-era apartment blocks, with clothes hanging out of windows and wallboards exposed by fallen brickwork.
As you approach the city center, a tower at the end of the avenue looms in front of you. Thirty-three stories high and curved to resemble a sail, the building was clearly inspired by the Burj Al Arab Hotel, in Dubai, but it is boxier and less elegant. When I visited Baku, in December, five enormous white letters glowed at the top of the tower: T-R-U-M-P.
<snip>
According to Garten, Trump played a passive role in the development of the property: he was merely a licensor who allowed his famous name to be used by a company headed by Ziya Mammadovs son, Anar, a young entrepreneur. Its not clear how much money Trump made from the licensing agreement, although in his limited public filings he has reported receiving $2.8 million. (The Trump Organization shared documents that showed an additional payment of two and a half million dollars, in 2012, but declined to disclose any other payments.) Trump also had signed a contract to manage the hotel once it opened, for an undisclosed fee tied to the hotels performance. The Washington Post published Gartens description of the deal, and reported that Donald Trump had invested virtually no money in the project while selling the rights to use his name and holding the contract to manage the property.
<snip>
But the Mammadov family, in addition to its reputation for corruption, has a troubling connection that any proper risk assessment should have unearthed: for years, it has been financially entangled with an Iranian family tied to the Iranian Revolutionary Guard Corps, the ideologically driven military force. In 2008, the year that the tower was announced, Ziya Mammadov, in his role as Transportation Minister, awarded a series of multimillion-dollar contracts to Azarpassillo, an Iranian construction company. Keyumars Darvishi, its chairman, fought in the Iran-Iraq War. After the war, he became the head of Raman, an Iranian construction firm that is controlled by the Revolutionary Guard. The U.S. government has regularly accused the Guard of criminal activity, including drug trafficking, sponsoring terrorism abroad, and money laundering. Reuters recently reported that the Trump Administration was poised to officially condemn the Revolutionary Guard as a terrorist organization.
</snip>
Donald Trumps Worst Deal
The President helped build a hotel in Azerbaijan that appears to be a corrupt operation engineered by oligarchs tied to Irans Revolutionary Guard.
By Adam Davidson
March 5, 2017
Heydar Aliyev Prospekti, a broad avenue in Baku, the capital of Azerbaijan, connects the airport to the city. The road is meant to highlight Bakus recent modernization, and it is lined with sleek new buildings. The Heydar Aliyev Center, an undulating wave of concrete and glass, was designed by Zaha Hadid. The state oil company is housed in a twisting glass tower, and the headquarters of the state water company looks like a giant water droplet. Its like Potemkin, my translator told me. Its only the buildings right next to the road. Behind the gleaming structures stand decaying Soviet-era apartment blocks, with clothes hanging out of windows and wallboards exposed by fallen brickwork.
As you approach the city center, a tower at the end of the avenue looms in front of you. Thirty-three stories high and curved to resemble a sail, the building was clearly inspired by the Burj Al Arab Hotel, in Dubai, but it is boxier and less elegant. When I visited Baku, in December, five enormous white letters glowed at the top of the tower: T-R-U-M-P.
<snip>
According to Garten, Trump played a passive role in the development of the property: he was merely a licensor who allowed his famous name to be used by a company headed by Ziya Mammadovs son, Anar, a young entrepreneur. Its not clear how much money Trump made from the licensing agreement, although in his limited public filings he has reported receiving $2.8 million. (The Trump Organization shared documents that showed an additional payment of two and a half million dollars, in 2012, but declined to disclose any other payments.) Trump also had signed a contract to manage the hotel once it opened, for an undisclosed fee tied to the hotels performance. The Washington Post published Gartens description of the deal, and reported that Donald Trump had invested virtually no money in the project while selling the rights to use his name and holding the contract to manage the property.
<snip>
But the Mammadov family, in addition to its reputation for corruption, has a troubling connection that any proper risk assessment should have unearthed: for years, it has been financially entangled with an Iranian family tied to the Iranian Revolutionary Guard Corps, the ideologically driven military force. In 2008, the year that the tower was announced, Ziya Mammadov, in his role as Transportation Minister, awarded a series of multimillion-dollar contracts to Azarpassillo, an Iranian construction company. Keyumars Darvishi, its chairman, fought in the Iran-Iraq War. After the war, he became the head of Raman, an Iranian construction firm that is controlled by the Revolutionary Guard. The U.S. government has regularly accused the Guard of criminal activity, including drug trafficking, sponsoring terrorism abroad, and money laundering. Reuters recently reported that the Trump Administration was poised to officially condemn the Revolutionary Guard as a terrorist organization.
</snip>
A bunch more in the article - worth a read in the context of what's happening now.
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(from 2017) Donald Trump's Worst Deal (Azerbaijan hotel assoc. w/ IRGC) (Original Post)
Dennis Donovan
Jan 2020
OP
Wellstone ruled
(34,661 posts)1. And the circle of
Corruption involving the Orange Anus Crime Family is starting to be squared. Hopefully we see more of the truth exposed.
smirkymonkey
(63,221 posts)2. This was Ivanka's project.
She is up to her long neck in the corruption.