The United States President-elect Donald Trump says, he intends to dissolve his controversial philanthropic foundation. The decision aims to avoid conflicts of interest, but the move was quickly complicated by an ongoing legal investigation.
Since his election in the American presidential elections, Trump's sprawling portfolio of America and overseas business interests and holdings, as well as his Donald J Trump Foundation, have come under increased scrutiny.
The New York attorney general Eric Schneiderman is probing his private foundation at the center of several controversies including how much money he has actually given it.
Schneiderman spokeswoman Amy Spitalnick said that, "The Trump Foundation is still under investigation by this office and cannot legally dissolve until that investigation is complete."
Trump said in a statement, that, "The foundation has done enormous good works over the years in contributing millions of dollars to countless worthy groups, including supporting veterans, law enforcement officers and children."
"However, to avoid even the appearance of any conflict with my role as president I have decided to continue to pursue my strong interest in philanthropy in other ways."
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