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Trump decides to dissolve his under scrutiny foundation

NEW YORK: US President-elect Donald Trump said on Saturday he intends to dissolve his charitable foundation, the Donald J. Trump Foundation, which has been under investigation by the New York attorney general. Trump gave no timeline for winding down the foundation, but said in a statement that he wanted "to avoid even the appearance of any conflict with my role as President." He directed his counsel to take the necessary steps for the dissolution. With less than four weeks to his Jan. 20 inauguration, the real estate…

DiCaprio foundation would return gifts from Malaysian fund in probe

Oscar-winner Leonardo DiCaprio's charitable foundation would return gifts or donations made to him or his ventures if they were found to have come from Malaysian wealth fund 1MDB, which is being investigated on money laundering allegations, his representatives said on Tuesday. In his first comment on the multinational probe into the fund, DiCaprio said he was cooperating with U.S. authorities to determine if money had come from questionable sources, according to the statement. In July a Hollywood production company was…