Sunday 24th September, 2017
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Trump's handover plan slammed by ethics chief

Trump's handover plan slammed by ethics chief

The director of the US Office of Gov­ernment Ethics has criticised Donald Trump’s plan to hand control of his business empire to his sons before his inau­guration on 20 January.

The plan does not match the “standards” of US presidents over the last 40 years, Wal­ter Shaub said.

A Trump lawyer said earlier the new trust would face “severe restrictions” on new deals.

But Mr. Shaub said the plan would not re­move conflicts of interest.

“Every president in modern times has tak­en the strong medicine of divestiture,” he said, referring to a process whereby Mr. Trump would sell off his corporate assets and put the profits into a blind trust run by an inde­pendent trustee.