The Manhattan District Attorney’s Office, which has been suing US President Donald Trump for a year for receiving his tax returns, on Monday first suggested that it had reason to launch an investigation against him and his business for tax fraud, the New York Times reported .
A statement from the office of District Attorney Cyrus Vance, Jr. showed how an investigation is being conducted against the president and his business relationship.
The Manhattan District Attorney is investigating whether business records were falsified to cover up the secret payments Trump made to porn star Stormy Daniels during the 2016 election campaign.
The porn actress allegedly had a connection with the future president.
Daniels previously stated that Trump, through his lawyer Michael Cohen, handed her $ 130,000 before the 2016 elections. The President called this accusation false, but Cohen admitted in court that he made payments on behalf of Trump for silence to Daniels and another woman. Trump claimed that he was not aware of these transactions and did not direct the transfer of funds.
Financial institutions in New York have long sought information about Trump’s financial transactions, including taxes he paid. Banks and firms, from which the documents were demanded, agreed to provide them, but the decisions of the courts were consistently appealed by the White House.
Demands for the issuance of documents were put forward by Democrats in Congress. House committees issued subpoenas demanding Trump’s financial statements from his longtime accounting firm Mazars LLP and two banks, Deutsche Bank and Capital One.
In the New York case, Trump’s lawyers argued that he was constitutionally protected from any criminal process as president. They also referred to instructions from the Ministry of Justice that the incumbent cannot be charged or prosecuted.
In the first trials, Trump’s lawyers went so far as to assert that law enforcement officials would not have the authority to investigate Trump, even if he shot someone on New York’s Fifth Avenue.
The House Financial Services Committee has studied the possibility of money laundering in real estate transactions in the United States involving Trump. In a separate investigation, the House Intelligence Committee investigated whether Trump’s deals made him vulnerable to foreign influence or government influence.
