Ivanka Trump's now-defunct luxury jewelry business has been linked to money laundering in Dubai.
The daughter and adviser of U.S. President Donald Trump launched the fine jewelry company about a decade ago with a real estate and diamond heir named Moshe Lax.
According to the Trump Organization, Ivanka cut ties with Lax at the end of 2016 and he still owes her money, GQ reported.
However, the first daughter's former company is still being dragged into a Dubai case, which also targets the well-known Emirati Al-Saris family.
A decade ago, the Emirati Al-Saris family controlled a multibillion-dollar oil-trading empire, but then reportedly sank in legal battles over unpaid bills and sanctions imposed in 2012 on the family’s firm, FAL Oil, for selling oil to Iran, GQ reports.
Having borrowed more than $100 million from the Commercial Bank of Dubai, the Al-Saris family defaulted on the debt, according to Newsweek.
Allegedly attempting to hide their assets, the family used shell companies to buy jewelry and diamonds, including from Ivanka's high-end line. As a result, Ivanka Trump's now-defunct company has been subpoenaed for information regarding the case.
While Ivanka has not been accused of any wrongdoing by the Dubai-based bank, the case is just the latest in a series of Trump linked business ventures linked to money laundering and fraud around the world.
An ongoing lawsuit accuses Trump SoHo in New York of serving as a magnet for funds from Russia and Kazakhstan and is "a monument to spectacularly corrupt money-laundering and tax evasion", according to NPR.
Trump Baku tower in Azerbaijan and Trump Ocean Club in Panama also face allegations of money laundering, according to media reports.