Trump Sued Over U.S.-TikTok Deal Alleging Self-Enrichment by Firms

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A group of individuals has filed lawsuits against former President Donald Trump and Florida Attorney General Pam Bondi, alleging that they violated federal law by approving the sale of TikTok’s US assets to ByteDance.

According to reports, the lawsuit claims that Trump and Bondi failed to follow proper procedures when approving the deal, which was finalized in 2020. The group is seeking damages for what they claim was a violation of the Foreign Investment Risk Review Modernization Act (FIRRMA).

The lawsuits were filed by tech investors who had previously expressed concerns about the sale of TikTok’s US assets to ByteDance. The investors alleged that Trump and Bondi failed to adequately review the deal, which could have potentially allowed Chinese companies to gain access to sensitive US technology.

Trump and Bondi have not yet commented on the lawsuits. However, it is worth noting that the former president has maintained that he followed all applicable laws and regulations when approving the TikTok deal.

The lawsuits are ongoing, and further developments are expected in the coming days.

Source: Google News World