The New York Attorney-General’s office says it has opened a criminal investigation into the Trump Organisation.
The New York Attorney-General’s office says it has opened a criminal investigation into the Trump Organisation.

Criminal probe into Trump Organisation

The New York Attorney-General's office say it has opened a criminal investigation into the Trump Organisation.

"We have informed the Trump Organisation that our investigation into the organisation is no longer purely civil in nature. We are now actively investigating the Trump Organisation in a criminal capacity, along with the Manhattan DA," said a statement from spokesman Fabien Levy.

The attorney general's office said it had no further comment at this time.

The office started looking into the Trump Organisation after Michael Cohen - Mr Trump's former lawyer and fixer - testified before Congress that the former President manipulated the value of his assets on paper.

Mr Trump exaggerated the value of his real estate assets to obtain loans and better terms from insurance companies, as well as to boost his ranking on the Forbes 400, but deflated them to pay lower real estate taxes, Mr Cohen claimed in 2019.

The criminal probe is the second one Mr Trump is now facing in New York. Manhattan District Attorney Cyrus Vance Jr. is investigating Mr Trump's tax records.

That inquiry, according to court filings, includes an examination of whether Mr Trump or his businesses lied about the value of assets to gain favourable loan terms and tax benefits.

 

The district attorney also is looking at hush-money payments paid to women on Mr Trump's behalf.

Mr Vance's office is now in possession of eight years of Mr Trump's tax records, including final and draft versions of tax returns, source documents containing raw financial data and other financial records held by his accounting firm.

More to come

Originally published as Criminal probe into Trump Organisation



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