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House panel asks GSA to end Trump lease of Old Post Office DC hotel

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Washington D.C.: The Trump International Hotel

Janhvi Bojwani, CNBC| CNBC

The House Committee asked Thursday for a Federal Agency to terminate the lease of a Washington, D.C. hotel owned by Donald Trump’s business.

The House Committee on Oversight and ReformMazars, an accounting firm was quoted as saying that Mazars recently announced it is dropping the Trump Organization as a client Furthermore, he stated that financial statements for more than a decade are not reliable.

The committee’s leaders stated that “new information”, including the possibility that Trump submitted incorrect financial data to the federal government in order to get this lease, and that Trump stands to make millions from the sale of the lease, strengthens the ethical and legal concerns that were previously raised by them.” in a letter to the General Services AdministrationSourced by NBC News

Last year, the House Committee disclosed financial filings that showed that the Trump International Hotel in D.C. lost more than $70 million from 2016 to 2020.

Mazars submitted these filings to GSA, which is the landlord of historic buildings such as the Old Post Office.

This is important breaking news. Stay tuned for new updates.

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