Trump’s Organization Did Business with Iranian Bank linked to Terrorism

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    Oct 03, 2016 2:29 PM GMT
    Donald Trump’s real estate organization rented New York office space from 1998 to 2003 to an Iranian bank that U.S. authorities have linked to terrorist groups and Iran’s nuclear program.

    Trump inherited Bank Melli, one of Iran’s largest state-controlled banks, as a tenant when he purchased the General Motors Building on Fifth Avenue in Manhattan, according to public records reviewed by the International Consortium of Investigative Journalists and the Center for Public Integrity. The Trump Organization kept the bank on as a tenant for four more years after the U.S. Treasury Department designated Bank Melli in 1999 as being controlled by the Iranian government.

    U.S. officials later alleged that Bank Melli had been used to obtain sensitive materials for Iran’s nuclear program. U.S. authorities also alleged that the bank had been used between 2002 and 2006 to funnel money to a unit of the Iranian Revolutionary Guard that has sponsored terrorist attacks — a period that overlapped with the time the bank rented office space from Trump.

    The Trump Organization’s dealings with the Iranian bank shed more light on Trump’s wide-ranging business interests, which sometimes stand at odds with his blunt declarations on the campaign trail. Trump has denounced Iran as a “big enemy,” blasted Hillary Clinton for not taking a harder line against the Iranian regime and charged that donations from foreign governments to the Clinton Foundation amounted to evidence of corruption. His five-year stint as Bank Melli’s landlord provides an example of the Trump Organization itself doing business with a government hostile to the United States.

    See https://www.icij.org/blog/2016/09/trumps-organization-did-business-iranian-bank-later-linked-terrorism.
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    Oct 03, 2016 2:46 PM GMT
    Hmmmm ... I wonder if Trump "kept the bank on as a tenant for four more years" because it had a four-year lease??? The article should have said so either way, just as it should have noted that Obama's dealings w/ Iran, including the millions in cash paid as ransom last January, go well beyond any business deals Trump may have inherited 16 years ago.
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    Oct 04, 2016 3:32 AM GMT
    MGINSD saidHmmmm ... I wonder if Trump "kept the bank on as a tenant for four more years" because it had a four-year lease??? The article should have said so either way, just as it should have noted that Obama's dealings w/ Iran, including the millions in cash paid as ransom last January, go well beyond any business deals Trump may have inherited 16 years ago.


    In general, good lease agreements contain specific provisions that allow the lessor to terminate the lease if the leased premises is being used for illegal activities or for activities not contemplated under the lease. For example, my firm cannot use our leased premises as a whore house. Our landlord has the right to kick as out if we did use it for that purpose---and, indeed, it would be a breach of our lease. I have not seen a sample of a Trump lease agreement, but I'd assume it has similar provisions. In that scenario, if Bank Melli were using the leased premises for unlawful or illegal activities (e.g., money laundering, terrorism, etc.), Trump's real estate enterprise would have every legal right to terminate the lease. Again, I'm not familiar with Trump's lease agreement, but I am very familiar with many commercial leases as I negotiate them on behalf of both lessors and lessees.
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    Oct 04, 2016 3:51 AM GMT
    I'm sure that Trump will claim that he was "forced" to lease to them by poor rules and banking regulations. Not his choice or fault at all. It never is.

    Whereas everything that happens in or around Clinton, or Obama, too, is their personal fault, by their design. Amazing how these cause & effect models work, when you're a mindless Republican fanatic.

    Or in Trump's case, a self-serving Right Wing neophyte. Who was about the last to suddenly come to the cause. But rather imperfectly, I fear, as any genuine & honest Conservative will tell you if you ask.