Trump Jr. Secretly Took Stake in Texas Oil Refinery After Ambani Dealings
By
Edith Olmsted
If you only eat one bagel today, this is the bagel.
Summary
The article reports on Donald Trump Jr.'s business dealings with the Ambani family, specifically how he facilitated a nine-figure investment from Reliance Energy into a Texas start-up aiming to build the first major U.S. oil refinery in 50 years. Trump Jr. secretly bought a stake in the venture after the Ambanis had wined and dined him. The Texas company had previously failed multiple times to raise funds. The title about Trump ruining a Knicks game appears to be clickbait that doesn't match the actual content about business dealings.
Key quotes
· 4 pulledAmbani wined and dined Trump Jr., taking him to the family's private zoo and performing a Gujarati folk dance together.
Only four months later, a Texas start-up aiming to build the first major oil refinery in 50 years in the U.S. announced it had received a nine-figure investment from the Ambanis's company, Reliance Energy.
The deal was facilitated by Trump Jr., who secretly bought a stake in the new venture, ProPublica reports.
Prior to Trump Jr.'s involvement, the Texas company had failed several times to raise money, missing deadlines and rebranding again and again.
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