An Indian billionaire was targeted by Trump. Then he poured money into a startup secretly backed by Donald Trump Jr.
· KRGV (NBC 5)
In late November, Indian billionaire Anant Ambani met Donald Trump Jr. in India amid rising tensions between the Trump administration and Ambani's energy empire. Following their meeting, Ambani's company invested over $100 million in America First Refining, a Texas startup linked to Trump Jr. Despite the startup's troubled history, the investment raised eyebrows among energy investors. Trump Jr. reportedly holds a minority stake in the company, which aims to build the first major U.S. oil refinery in 50 years. The deal coincided with favorable U.S. policy changes for Reliance Industries, suggesting a complex relationship between the Ambanis and the Trump family.
AI summary · Source: KRGV (NBC 5) →
