Shady Russian Network Behind Trump Vanity Project Exposed
Key Points:
- Donald Trump’s sons are developing Trump Tower Tbilisi, a 70-story luxury skyscraper in Georgia, partnering with Biograpi Living, a company co-owned by oligarch Paata Gamgoneishvili, who has longstanding business ties to Russia and a controversial history.
- Gamgoneishvili made his fortune in Russia alongside investor Roland Isaev, with connections to Kremlin elites and involvement in alleged financial schemes linked to Russian oil giant Lukoil, as well as banking relationships with sanctioned Russian banks.
- Despite Biograpi’s public promotion of the project and naming in Trump Organization announcements, the company later denied any legal involvement, claiming it only shared information for marketing purposes, while local records show financial links to Gamgoneishvili’s holding company Riverside.
- The project’s other local partners have ties to Bidzina Ivanishvili, Georgia’s sanctioned ruling oligarch with pro-Russian affiliations, raising further concerns about the development’s political and financial entanglements.
- The White House distanced President Biden from the deal, emphasizing that his investments are managed independently, while the Trump Organization and related parties have not responded to inquiries about these controversial associations.