Trump and his Children try to Prevent the Hearing of Deutsche Bank in Congress
Donald Trump’s finances are of great interest to the House of Representatives Financial Services Committee in the United States. In this context, subpoenas have been issued to several financial institutions, including Deutsche Bank. The American president, his children and his associates want to prevent these hearings.
Donald Trump, his children Donald Jr, Eric and Ivanka and seven of his companies including the Trump Organization Inc. on Monday (April 29th) sued Deutsche Bank and Capital One Financial Corp. for the purpose of preventing them from filing with the US Congress information about their financial transactions.
Two House of Representatives commissions, which came under the control of the Democratic opposition in January, issued subpoenas on April 15 to several financial institutions for information on Donald Trump’s finances.
Deutsche Bank and Capital One Financial have been involved in transactions related to the US President’s real estate empire.
Trump’s complaint to the Southern District Court in New York City argues that the demands of the parliamentary commissions have “no legitimate or lawful purpose” and that the court has the power to block these subpoenas “issued for the purpose to harass President Donald J. Trump and to delve into all aspects of his personal finances and affairs, and his private life and that of his family. ”
The Democrats hope to “come up with something they can publicly expose and use as a political tool against the president,” the text adds.
Democratic Representative Maxine Waters, who chairs the House’s Financial Services Committee, and her colleague Adam Schiff, who chairs the Information Committee, found the complaint “worthless” in a joint statement quoted by The New York Times other media.
“The possible use of the US financial system for illicit purposes is a matter of serious concern. The Financial Services Commission is reviewing these issues, including those that could involve the President and his associates, as closely as possible, “said Maxine Waters in another news release earlier.
Adam Schiff said in mid-April that Deutsche Bank had been cooperative and hoped that it would continue to cooperate.
A spokeswoman for Deutsche Bank said the bank was engaged in a “productive dialogue” with both commissions.
Donald Trump recently warned that he intends to fight all the procedures initiated by the Democrats to review his financial activities.
Trump and his Children try to Prevent the Hearing of Deutsche Bank in Congress - /10
Donald Trump's finances are of great interest to the House of Representatives Financial Services Committee in the United States. In this context, subpoenas have been issued to several financial institutions, including Deutsche Bank.