Overview
- A joint investigation published Friday by The Daily Beast and partner outlets reported that Biograpi Living, a company named in the Trump Tower Tbilisi announcement, is co‑owned by Paata Gamgoneishvili.
- Eric Trump promoted an AI rendering of the proposed 70‑story Trump Tower Tbilisi in May and described it as the family's first project in the region.
- Biograpi Living has denied any role in the deal despite appearing in the Trumps' announcement, and White House spokespeople have said the president is not involved in the project.
- Reporting traces Gamgoneishvili's rise from Moscow trading networks tied to the Yeltsin era to a shopping‑mall fortune and cites earlier investigations alleging his links to a scheme that siphoned tens of millions from Lukoil's Bulgarian arm.
- The revelations raise near‑term risks for the development’s reputation and legal scrutiny, spotlight partner vetting practices for foreign Trump‑branded projects, and revive concerns about threats to journalists who have probed these networks.