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Trump pulls out of troubled Brazil hotel project

Trump-branded hotel and tower in Rio de Janeiro named in criminal inquiry

Published Thu, Dec 15, 2016 · 09:50 PM
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Rio de Janeiro

THE Trump Organization says it is pulling out of a troubled hotel project in Rio de Janeiro, just weeks after a federal prosecutor opened a criminal investigation that included the hotel and another Trump venture in the city.

The prosecutor is looking into a broad range of investments across Brazil, questioning whether public pension fund managers in the country were paid bribes to invest money in commercial projects.

The criminal inquiry names both the Tr…

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