Judge, Police Help Oust Trump Hotels From Panama Property
Investor Orestes Fintiklis bought majority stake in Panama City's Trump hotel with the understanding that the Trump Organization would keep managing it.
Following a series of physical clashes with police, Trump security guards retreated off the property on Monday, leaving Fintiklis to run it.
Trump Organization says he orchestrated a fraud and never intended to keep his end of the deal
Fintiklis insists Trumps are like 'leeches' sucking the blood out of people who own individual condominium units in the tower.
He also claims the president's views on Hispanic immigrants have destroyed his brand in Latin America.
Escorted by police officers and a Panamanian judicial official, the majority owner of the Trump Panama City hotel has taken control of the property.
The action by Panama's government resolves a 12-day standoff between President Donald Trump's family hotel business and Orestes Fintiklis, a private equity investor who sought to drop Trump's management company and brand.
Though Fintiklis and other owners tried to fire Trump's company last year, the Trump Organization had refused to surrender physical possession of the hotel.
An employee wasted no time in physically removing the metallic name 'Trump' from the building's stone marquee.
Speaking from the hotel's administrative offices Monday, Fintiklis called the fight a commercial matter that had spun out of control and praised Panamanian authorities.
(MailOnline)
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