Trump businesses and inaugural committee to pay out £600,000 to settle lawsuit

The Presidential Inaugural Committee raised 107 million US dollars to host events celebrating Donald Trump’s inauguration in January 2017 (Kenneth Ferriera/Lincoln Journal Star via AP)

Former US president Donald Trump’s businesses and inaugural committee have reached a deal to pay Washington DC 750,000 US dollars (£600,000) to resolve a lawsuit that alleged the committee overpaid for events at his hotel and enriched the former president’s family in the process, according to the District of Columbia’s attorney general.

Attorney General Karl Racine announced the settlement agreement in the case against the Presidential Inaugural Committee, the Trump Organisation and the Trump International Hotel in Washington in a tweet on Tuesday. The document had not yet been signed by a judge.