Judge refuses to block Trump bank subpoenas

Congress should see president's finances: Judge | Politics | Journal Gazette

"Now, in the accounting firm case that was decided on Monday, the Trump Organization and the president said they would appeal and they notified the court of that in D.C".

In his ruling from the bench, Ramos said he would not halt enforcement of the subpoena.

The judge said on Wednesday that the committees had the power to issue the subpoenas under Congress" "broad' power to conduct investigations to further legislation. Congressional Democrats have long said they want to examine the bank's loans to the Trump and Kushner businesses, particularly to see if there is any connection to money-laundering in Russian Federation.

In a written submission prior to Wednesday's hearing, lawyers for two congressional committees wrote that Trump's effort to block the subpoenas was "flatly inconsistent with almost a century of Supreme Court precedent".

Notably, Deutsche Bank and Capital One reps were offered an opportunity to comment, but they opted to sit on the sidelines.

Deutsche Bank said in an email that "we remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations".

Deutsche Bank has always been a principal lender for Trump's real estate business and a 2017 disclosure form showed that Trump had at least US$130 million (RM543.75 million) of liabilities to the bank.

He said there were about 10 subpoenas sent to individuals or entities that have "nothing to do with Mr. Trump".

Abe and Trump's dinner will be preceded by a round of golf at the Mobara Country Club and the Summer Grand Sumo Tournament at Tokyo's Ryogoku Kokugikan where the USA president will present to the victor a trophy specially made for the occasion.

Trump, his adult children, Donald Jr, Eric and Ivanka, and the Trump Organization had sought a preliminary injunction to prevent Deutsche Bank complying with the subpoenas from the House Financial Services Committee and the House Intelligence Committee, and Capital One from complying with a subpoena from the Financial Services Committee.

'The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family, ' the complaint said.

Lawyers for the House Financial Services and Intelligence committees said that they are trying to gain access to the documents in order to investigate possible "foreign influence in the US political process", among other matters. He denied that it was meant to target Trump personally.

"He clearly sees us as some sort of nuisance", Letter said.

We at Dealbreaker have said it for many moons now, but Trump's Deutsche Bank account documents might be the Ark of the Covenant for this White House, melting the face of any Trump acolyte who gazes upon them.

The hearing falls two days after a federal judge in Washington ruled against Trump in a similar case, finding that the president can not block a House subpoena for information from a financial services firm that had done accounting work for him and the Trump Organization. In response, the president called the decision "crazy" and pointed out that the judge, Amit Mehta, had been appointed by his predecessor, Barack Obama. U.S. District Judge Edgardo Ramos, who was also appointed by Obama, is overseeing the NY case.



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