23 May 2019
AP — A New York judge refused Wednesday to block congressional subpoenas seeking financial records from two banks that did business with President Donald Trump, making it clear it wasn’t a close call.
U.S. District Judge Edgardo Ramos said in a ruling delivered from the bench that Trump and his company were “highly unlikely” to succeed in a lawsuit arguing that the subpoenas seeking records from Deutsche Bank and Capital One were unlawful and unconstitutional.
Ramos also concluded that the subpoenas have “a legitimate legislative purpose” and dismissed one-by-one arguments made to try to bury them, though he conceded that records released publicly could cause Trump and his family irreparable harm.
The lawyers for the House Financial Services and Intelligence committees say they need access to documents from the banks to investigate possible “foreign influence in the U.S. political process” and possible money laundering from abroad.
Deutsche Bank has lent Trump’s real estate company millions of dollars over the years.
By Larry Neumeister, AP, 22 May 2019
Read more at the Associated Press
Count this content towards your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet