Donald Trump Hands Over Business Empire To Sons

US President-elect Donald Trump says he is handing over his business empire to his sons, Donald Jr and Eric.

He told a news conference he had formally given “complete and total” control to them in a bid to avoid conflicts of interest.

’s attorney says the president-elect has “isolated” himself from his businesses.

Sheri Dillon says wants it to be clear that he is not using his presidency for his personal benefit.

Speaking at ’s first news conference since he was elected in November, explained that all of the ’s businesses would be transferred to a trust controlled by his sons and the chief financial officer, , before takes power on January 20.

“Together, Don, Eric, and Allen will have the authority to manage the and will make decisions for the duration of the presidency without any involvement whatsoever by President-elect Trump,” said , whose firm Morgan, Lewis and Bockius has been instructed by to draw up a structure to keep his business interests separate.

added that an ethics adviser would be appointed to the management board of the trust to oversee any potential conflicts of interest.

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