Trump denies knowledge of WLFI stock purchase: main details of the $500 million deal

The U.S. President faced questions regarding a major stock acquisition deal that sparked a heated reaction in the American Congress. Trump stated that he was not informed about the $500 million purchase of WLFI made by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan. According to Foresight News, the U.S. president explained that such investment decisions are handled by his son and family members, not directly under his control.

Key Details of the WLFI Stock Deal

The transaction stands out due to its scale and fund distribution structure. As reported by the reputable newspaper The Wall Street Journal, a significant portion—$187 million—was directly directed into Trump’s family businesses. Additionally, at least $31 million went to organizations closely linked to Steve Witkoff, an influential Trump ally and advisor in business circles.

Concerns in the U.S. Congress and Call for Investigation

Revelation of the deal’s details prompted a swift response in the U.S. Congress. Senator Elizabeth Warren, known for her stance on corporate transparency and conflicts of interest, initiated a call for congressional hearings. She emphasized the need for a thorough investigation into this transaction, pointing to potential risks to national security and possible conflicts between the official duties of the U.S. president and family financial operations.

Why This Investment Draws Attention

The story behind the deal highlights broader issues regarding the use of family structures in international investments connected to public officials. The involvement of a high-ranking UAE security official responsible for national security, along with the direct transfer of large sums into family businesses, raises questions about the nature and motives of the investment. The matter becomes particularly sensitive in the context of international relations and foreign capital’s influence on American political and business spheres.