[ad_1]
A New York Supreme Court judge ordered Donald Trump’s family and businesses to hand over new documents in a civil proceeding for possible concealment of asset value to obtain loans and tax breaks, The New York Times reported.
On Friday, Judge Arthur Engoron in Manhattan ordered the Trump Organization to turn over new documents, including communications with legal teams, to the New York Attorney General’s Office and again rejected the conglomerate’s attempts to protect the confidentiality of certain papers.
The judge found that the Trump conglomerate attempted to argue client-attorney privilege in documents that did not enter such exchanges and gave until February 4 to deliver new information to the investigators.
This is the second time that this judge agrees with the attorney general of New York, Letitia James, who is investigating whether Trump inflated the value of some properties in the state to obtain loans and at the same time devalued them to claim tax exemptions.
The investigation started in 2019 after some revelations by the former lawyer of Donald Trump Michael Cohen and is accompanied by a criminal process directed by the Manhattan district attorney, Cyrus Vance, under summary secrecy.
Both processes could complicate Trump’s legal troubles after leaving the Presidency on January 20.
James investigates episodes of Trump and his family’s business through the Trump Organization, such as the financial restructuring of a real estate and hotel project in Chicago for which Fortress Credit Corporation forgave a debt of more than $ 100 million and which should have been accounted for as income on tax returns.
It also investigates a gigantic mansion owned by the Trump family north of New York in Westchester County, for which they received generous tax breaks, arguing that the land was dedicated to nature conservation, something they could have emulated in other failed development projects.
The investigation focuses on determining whether with the resource of natural conservation the Trump Organization claimed 21 million dollars in exemptions that did not correspond to it.
[ad_2]
