Trump Admits to Not Knowing About the Acquisition of WLFI $500 Million by UAE Officials

In the latest development, U.S. President Donald Trump confirmed that he was unaware of the $500 million stock purchase transaction of WLFI made by Sheikh Tahnoon bin Zayed Al Nahyan, National Security Advisor of the United Arab Emirates. Trump’s statement indicates that such deals are typically handled by his son and other family members without his direct involvement.

Trump’s Statement and Family Involvement

According to a report from Foresight News, Trump’s admission of not knowing the details of this transaction came after The Wall Street Journal revealed information about the acquisition. This suggests that major investment decisions involve Trump family members, especially regarding assets and business interests. Therefore, Trump explicitly stated that his family’s management structure separates knowledge and responsibility for certain transactions.

Fund Flows: Details of Hundreds of Millions of Dollars in Investments

The deal signed by Eric Trump, the President’s son, involves complex fund flows. $187 million flowed directly to various entities affiliated with the Trump family. Additionally, at least $31 million was channeled to entities associated with Steve Witkoff, a close Trump associate with significant influence within the inner circle of the President.

Senator Warren’s Call and Potential Congressional Investigation

Legislative response to this transaction came from Senator Elizabeth Warren, who called for a special hearing in Congress to further examine the deal. Warren’s request reflects concerns about potential conflicts of interest and transparency in international transactions involving government officials. Although Trump claims to be unaware of the transaction details, this legislative investigation is likely to scrutinize the structure and legal compliance of the deal.