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Bribe, Swindle or Steal

Trump Hotel - Baku

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

Business, News, Business News

4.9582 Ratings

🗓️ 14 June 2017

⏱️ 38 minutes

🧾️ Download transcript

Summary

Adam Davidson of the New Yorker joins the podcast to talk about his research into the baffling Trump Hotel deal in Baku.

Transcript

Click on a timestamp to play from that location

0:00.0

Today I'm joined by a staff writer for The New Yorker, whose recent article, Donald Trump's

0:11.5

worst deal, set Twitter on fire for a few days in March.

0:15.7

He tells a story of a deserted luxury hotel in Baku, emblazoned with the Trump name. The Trump organization's partner in

0:22.4

the deal was a member of an ostentatiously corrupt family, and that family, in turn, had close ties

0:28.4

to Iran's Revolutionary Guard. But one of the biggest questions looming over the story is not even

0:33.2

how this deal came together, although that's strange enough, but why it came together.

0:38.3

Adam Davidson, thank you for speaking with me about your article and about the research behind it.

0:43.0

Thanks so much for having me on, and thanks for being so helpful when I was researching the article.

0:47.3

We're using this podcast to discuss financial crime. In many respects, your article represents

0:52.3

a potential hat trick with corruption,

0:54.9

money laundering, and sanctions violations. I decided to do this story, really, because once President

1:01.5

Trump won the election, but before the inauguration, I found myself as a business reporter

1:07.7

just feeling like even though I had read however many hundreds or thousands of articles about Donald Trump and the Trump organization, I really didn't have a good picture of, well, how did they work?

1:20.3

And what were they up to, especially overseas?

1:24.3

And so I started doing a kind of survey just on my own, reading publicly available stuff, on a variety of his overseas. And so I started doing a kind of survey just on my own, reading publicly available

1:29.3

stuff, on a variety of his overseas deals. And at first I thought I was going to focus on a deal

1:35.9

he has in Indonesia with a man there, Harry Tano, who's now running for president because he loves Vladimir Putin and

1:47.1

Donald Trump and wants to bring their form of leadership to Indonesia. And he's also associated

1:51.9

with some figures who are fairly corrupt. But the one that just kept sticking out to me was the

1:57.6

Baku-Azerbaijan deal. I just became obsessed with it. And pretty soon,

2:02.7

that was the one I was going to focus on fully. My decision being, you know, as a business reporter,

2:08.4

there are a lot of ways to approach this kind of thing. You could do an article about the business

...

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