- ALSO READ
NEW YORK (Reuters) - New York City will sever three contracts with the Trump Organization, Mayor Bill de Blasio said on Wednesday, accusing President Donald Trump of inciting the crowds that stormed the U.S. Capitol last week.
"The president incited a rebellion against the United States government that killed five people and threatened to derail the constitutional transfer of power," de Blasio said in a statement. "The city of New York will not be associated with those unforgivable acts in any shape, way or form."
On Jan. 6, Trump addressed thousands of supporters, reiterating his unsupported claim that his re-election was stolen. He urged them to march to the Capitol where Congress was affirming Joe Biden's election by the Electoral College.
The crowd quickly overwhelmed Capitol security, with many of them entering the building and forcing a halt to the proceedings as lawmakers took cover in a secure location. Five people died as a result of the rampage.
A criminal investigation is underway and charges have been filed against dozens of people suspected of having taken part.
The New York-based Trump Organization's contracts to operate a carousel in Manhattan's Central Park, skating rinks and a golf course in the Bronx are worth about $17 million a year, de Blasio said on MSNBC.
Cancelling the golf course contracts could take "a number of months", while the others could be severed in 25-30 days, the mayor's office said in a statement.
Following the Capitol riot, the PGA of America and the R&A both announced they would shun two golf courses owned by the president.
In addition, the New York Times reported on Tuesday that Deutsche Bank DBKGn.DE will not do business in the future with Trump or his companies.
(Reporting by Peter Szekely; Editing by Andrew Heavens and Mark Heinrich)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, January 13 2021. 21:12 IST