Donald Trump failed to disclose a $19.8 million loan from a company with ties to North Korea while he was president, Forbes reported Sunday, citing documents uncovered by the New York attorney general’s office.
Trump owed the money to L/P Daewoo while he was campaigning in 2016 and into his presidency, according to records.
He didn’t list the debt in financial disclosure filings, as candidates and presidents are expected to do, Forbes reported.
The company has ties to North Korea, Forbes reported, and was the only South Korean company allowed to operate a business in North Korea in the mid-1990s.
Trump may have skirted disclosure laws and not committed an outright violation because the loan was on the books of his company, the Trump Organization, and not identified as a personal loan, Forbes noted.
Trump often gushed about his close relationship with North Korean leader Kim Jong Un.
“If someone does not disclose a loan, OGE has no way to know,” said Walter Shaub, who ran that agency when Trump took office. »