#Newsflash: Trump owes lenders at least US$315 million, disclosure shows

President Donald Trump had personal liabilities of at least US$315.6 million (246.7 million pounds) to German, U.S. and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday by the U.S. Office of Government Ethics.

ved were based in the United States, with a handful in Scotland, Ireland, Canada, Brazil, Bermuda and elsewhere.

Trump has refused to release his tax returns, which would give a much clearer indication of his wealth and business interests. But he has submitted federal forms disclosing his and his family's income, assets and liabilities.

"President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form," the White House said in a statement, adding that the form was "certified by the Office of Government Ethics pursuant to its normal procedures."

An Office of Government Ethics spokesman declined to comment on the contents of the report, other than to say that it was certified by the office, which is an ethics watchdog for federal government employees.

Trump released a disclosure form in May 2016 that his campaign at the time said showed his net worth was US$10 billion. Some critics disputed that figure as overblown.

Before taking office in January, Trump was a New York real estate developer and television celebrity.

(Additional reporting by Julia Harte; Editing by Kevin Drawbaugh and Lisa Shumaker)
Source: Reuters



Source from Channel News Asia