Former Senate Majority Leader Trent Lott is lobbying on behalf of the Silk Road Group, private investor firm, that was once a business partner of the Trump Organization.
Based in the former Soviet Republic of Georgia, Silk Road Group inked a deal in 2011 with the Trump Organization to use its name on a $250M 47-story residential tower to be built in the Black Sea resort city of Batumi, which is Georgia’s second largest city.
Donald Trump officially announced the licensing deal during his visit to Georgia in 2012.
Silk Road Group and the Trump Organization terminated their relationship in 2017 following the election of Trump as US president.
Giorgi Ramishvili, Silk Road Group CEO, told Reuters (Jan. 10, 2017) the only reason the deal was killed was because Trump was elected president “and could not continue business abroad as it would pose a conflict of interest."
Ramishvili added that he believed Trump would “keep Georgia on his mind” during his presidency.
He told CNBC (Oct. 20, 2017) that he’d be “happy” to team up with Trump after he leaves office.
As senior counsel to Squire Patton Boggs, Lott is handling financial issues for Silk Road Group, specifically securing approval of a project by the Overseas Private Investment Corp.
Sam Adcock, a former aide to the Mississippi Republican Senator, also reps Silk Road Group.