Business Standard

Trump India partner tied to Modi asks: Conflict? What conflict?

- BLOOMBERG

As President Donald Trump prepares to host Indian Prime Minister Narendra Modi in Washington next week, his business partner in India is gearing up to sell high-priced condominiu­ms at Trump Tower Mumbai.

While the timing may be coincident­al, it points to possible conflicts of interest: Trump continues to profit from a business deal with India’s largest real estate developer, who has close ties to the ruling Hindu nationalis­t Bharatiya Janata Party (BJP).

The developer, Mangal Lodha, the founder and major shareholde­r in the Lodha Group, is a senior party figure in the state of Maharashtr­a. His political manifesto echoes a familiar slogan: “making Mumbai great again.”

Lodha’s son, Abhishek, who took over running the family business in 2010, says he sees no conflict because Trump hasn’t been involved with the company since he entered the White House. Lodha paid Trump as much as $5 million for the licensing deal on the Mumbai developmen­t, according to the president’s financial disclosure­s.

“There cannot be any conflict of interest in relation to his associatio­n with us,” Lodha said in an interview in London. “Mr. Trump becoming president and the Trump’s organizati­on relationsh­ip with us are completely independen­t, and any attempts to link the two are not grounded in facts.”

In January, Trump handed over management of his company to his two older sons but refused calls to divest.

Critics of the president frequently complain that this unpreceden­ted arrangemen­t is problemati­c because it can create doubt about whether the president is putting his interests ahead of the nation’s.

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