Two top Democrats are asking the General Services Administration to terminate the lease of the Trump International Hotel in Washington, D.C.
A letter sent to the Biden administration Thursday by New York Rep. Carolyn Maloney, chairwoman of the House Committee on Oversight and Reform, and Virginia Rep. Gerald Connolly, chairman of the Subcommittee on Government Operations, argued that the lease should be terminated in light of the Trump Organization’s longtime accounting firm saying it could not stand by nine years of financial statements prepared for the company.
TRUMP ORGANIZATION’S LONGTIME ACCOUNTING FIRM CUTS TIES
“New information, including that former President Trump may have submitted inaccurate financial information to the federal government to obtain this lease and that he stands to reap millions in profit from selling the lease, reinforce the serious ethical and legal concerns previously raised by the Committee,” the letter reads.
The letter claimed that “at least one financial statement with possible material misrepresentations” was submitted as part of former President Donald Trump’s bid for the Old Post Office building lease.
The Trump Organization is in the process of selling the hotel to CGI Merchant Group for $375 million. The letter said the committee was informed Feb. 1 that the GSA has begun a 45-day review period to consider the sale and decide whether to approve it.
“No one should be rewarded for providing false or misleading information to the federal government or for seeking to profit off the presidency,” the letter says, pointing to possible profits from the sale.
Last week, Trump’s longtime accounting firm, Mazars, said financial statements from June 2011 to June 2020 could no longer be relied on while denying that they have found any evidence of discrepancies.
The firm said it cut ties with Trump and his organization as New York Attorney General Letitia James continues a civil investigation into the group.
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The Trump Organization and the GSA did not respond to the Washington Examiner’s request for comment.
