US President Donald Trump is fighting back against attempts by Democrats in Congress to investigate his finances. Saul Loeb/ AFP
US President Donald Trump, along with his family and businesses, on Monday sued Deutsche Bank and Capital One in an attempt to stop them from complying with Congressional subpoenas issued as part of a probe into foreign political influence.
The subpoenas — which the Trumps described in their suit as “intrusive and overbroad” — were issued to several banks by the Democratic-majority House’s intelligence and financial services committees, which are looking into the president’s finances as part of a larger probe into election meddling by Russia.
The lawsuit is the latest step in Trump’s fightback against the Democrats, and alleges that the subpoenas have “no legitimate or lawful purpose.”
“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, and to ferret about for any material that might be used to cause him political damage,” said the suit, filed with the US federal court in the Southern District of New York.
“No grounds exist to establish any purpose other than a political one.”
The suit accuses Congress of stepping beyond its law-making mandate into law enforcement, and says the subpoenas violate the privacy rights of Trump and his family.
Deutsche Bank was one of the few major Western financial institutions to continue to lend to Trump’s real estate empire after several of its casinos went bankrupt in the 1990s, resulting in claims by creditors valued at $330 million in present-day dollars.
“We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations,” the German bank said in a statement.
The latest Trump suit comes weeks after the release of a heavily redacted version of the Mueller report, which concluded a near-two-year investigation into Russian interference in the 2016 election.
The president described it as a “complete exoneration.”
But Democrats believe the investigation has revealed serious wrongdoing by Trump and have not yet decided on whether they want to push for impeachment.
US President Donald Trump on Thursday criticised Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves
David Malpass, US President Donald Trump’s nominee to lead the World Bank, won unanimous approval from the institution’s executive board, continuing the 73-year tradition of an American running the world’s largest development lender. The bank said that Malpass, the US Treasury’s undersecretary for international affairs, will start his new role on Tuesday as the World Bank and International Monetary Fund
Mueller, whose inquiry detailed extensive contacts between Trump’s 2016 campaign and Russia at a time when Moscow was interfering in the 2016 election with hacking and propaganda,
The Ministry of Community Development participated in the 13th Edition of Souq Okaz at Al Taif, Kingdom of Saudi Arabia, as part of the UAE pavilion being supervised by the Ministry of Culture and Knowledge Development, in cooperation with the UAE Embassy at the Kingdom of Saudi Arabia. The exhibition continues till 31st August.
The long hard slog of study and revision, followed by nail-biting anticipation, is over for the current cohort of students across the UAE as its schools have recorded another successful year of IGCSE and GCSE results after a round of challenging examinations.
In a beautiful gesture, the Dubai Police’s Esaad Card Committee has gifted a Saudi child, Zayed, who was born in the Emirate of Sharjah, a special edition of the discount card.
Members of administrative, teaching and technical staffs of the state schools will start duty on Sunday (August 25). While students will begin the new school year (2019-2020) in all the public schools, as well as the private schools, kindergartens and adult education that follow the Ministry of Education’s curricula next week (September 1).