Companies owned by Republican Party nominee for United States President and businessman Donald Trump’s owe at least $650 million (approximately Rs 4,363.9 thousand crore) in debt to several lenders, The New York Times reported. The daily, which conducted an investigation into Trump’s real estate holdings, has said that the figure is more than twice the amount he declared on personal financial disclosure forms given to the country’s Federal Election Commission.
The investigation found that among others, Trump’s ventures owe money to financial institutions he has criticised during his campaign, including the Bank of China and Goldman Sachs. The politician has earlier also criticised other politicians for taking fees and loans from such institutions, including former Republican primary opponent Ted Cruz and Democratic Party nominee Hillary Clinton. The Times further said that a “substantial portion of his [Trump’s] wealth is tied up in three passive partnerships that owe an additional $2 billion (approximately Rs 1.3 lakh crore) to a string of lenders”.
In the disclosure form filed with the FEC, the Republican nominee said that he was worth at least $1.5 billion (approximately Rs 1 lakh crore).
The presidential candidate has been criticised in the past for his insensitive remarks on various issues and people, including current US President Barack Obama, as well as the family of a US soldier who died while fighting in Iraq. Earlier this week, however, Trump expressed regret for sometimes saying “the wrong thing”.