Trump, House Democrats square off in U.S. court over Deutsche Bank documents




  • In US
  • 2019-05-22 11:26:39Z
  • By By Brendan Pierson
FILE PHOTO: U.S. President Trump speaks at the Wounded Warrior Project Soldier Ride event in the East Room of the White House in Washington
FILE PHOTO: U.S. President Trump speaks at the Wounded Warrior Project Soldier Ride event in the East Room of the White House in Washington  

By Brendan Pierson

NEW YORK (Reuters) - Lawyers for U.S. President Donald Trump, three of his children and the Trump Organization will demand in court on Wednesday that a judge stop Deutsche Bank AG and Capital One Financial Corp from providing financial records to Democratic lawmakers investigating Trump's businesses.

Republican Trump, who is seeking re-election next year, has aggressively sought to defy congressional oversight of his administration since Democrats took control of the U.S. House of Representatives in January.

Trump said last month that the administration was "fighting all the subpoenas" issued by the House, hardening his position after the release of a redacted report from Special Counsel Robert Mueller on how Russia interfered in the 2016 U.S. election to help Trump and the president's attempts to impede the investigation.

The contents of the subpoenas have not been made public. Wednesday's hearing in federal court in Manhattan is scheduled for 2:30 p.m. (1630 GMT).

Deutsche Bank has long been a principal lender for Trump's real estate business and a 2017 disclosure form showed that Trump had at least $130 million of liabilities to the bank.

In March, before issuing a subpoena, Democratic lawmakers asked Capital One for documents concerning potential conflicts of interest tied to Trump's Washington hotel and other business interests since he became president in January 2017.

Deutsche Bank and Capital One said in court filings on May 10 they are not taking a position on whether the subpoenas should be blocked.

Trump, his adult children, Donald Jr., Eric and Ivanka, and the Trump Organization are seeking a preliminary injunction to prevent Deutsche Bank complying with subpoenas from the House Financial Services Committee and the House Intelligence Committee, and Capital One from complying with a subpoena from the Financial Services Committee.

In a lawsuit filed on April 29, lawyers for Trump, his children and the Trump Organization argued that the subpoenas were too broad, and that Democrats are hoping they will "stumble upon something" that could be used for political attacks on the president.

"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," the complaint said.

The banks are the only defendants in the case, but the House committees have intervened to oppose Trump's effort to block the subpoenas.

"We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations," Deutsche Bank said in a statement ahead of the hearing.

Capital One declined comment.

Representative Maxine Waters, who chairs the House Financial Services Committee, told reporters after the lawsuit was filed that Trump had "cast a gauntlet." "We will fight him," she said.

Michael Stern, who served as senior House counsel from 1996 to 2004, said in an interview on Tuesday that Trump and the other plaintiffs faced an uphill battle. He said the judge was unlikely to look into the committee's motives in issuing a subpoena "as long as it might produce some information that's relevant to legislation."

On Monday, a federal judge in Washington ruled against the president in a similar case, finding that Trump's accounting firm, Mazars LLP, must comply with a congressional subpoena for Trump's financial records.

U.S. District Judge Amit Mehta found that Congress was "not engaged in a fishing expedition for the President's financial records when it subpoenaed Mazars and said that documents obtained might assist Congress in passing laws and performing other core functions.

Trump called Mehta's decision "crazy" and "totally the wrong decision by obviously an Obama-appointed judge," referring to Trump's Democratic predecessor, Barack Obama. U.S. District Judge Edgardo Ramos, who was also appointed by Obama, is overseeing the New York case.

(Reporting By Brendan Pierson in New York; Editing by Noeleen Walder and Grant McCool)

COMMENTS

More Related News

U.S. President Trump does not want to do business with China
U.S. President Trump does not want to do business with China's Huawei
  • US
  • 2019-08-18 22:43:00Z

U.S. President Donald Trump on Sunday said he did not want the United States to do business with China's Huawei even as the administration weighs whether to extend a grace period for the company. Reuters and other media outlets reported on Friday that the U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies Co Ltd [HWT.UL] that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers. The "temporary general license" will be extended for Huawei for 90 days, Reuters reported, citing two sources familiar with the situation.

'Strong economy through 2020': Trump advisers insist recession is not coming

* Peter Navarro and Larry Kudlow dispute market indicators * Tariffs are hurting China not US, trade aide insists Traders work after the opening bell at the New York Stock Exchange on Thursday. Photograph: Johannes Eisele/AFP/Getty ImagesDonald Trump's chief trade advisers insisted on Sunday the US is not facing a recession which markets appear to fear and which could cost the president dearly at the polls next year.Speaking to ABC's This Week, White House trade adviser Peter Navarro defended US policy, predicted a "strong economy through 2020" and disputed the existence of a bond-market indicator of approaching recession that this week sent stocks into their largest one-day sell-off...

Trump wields sanctions hammer; experts wonder to what end
Trump wields sanctions hammer; experts wonder to what end

The Trump administration is aggressively pursuing economic sanctions as a primary foreign policy tool to an extent unseen in decades, or perhaps ever. Since taking office in January 2017, President Donald Trump has used an array of new and existing sanctions against Iran, North Korea and others. The

Shell workers in Pennsylvania say they were told to either attend a recent Trump event, or not get paid
Shell workers in Pennsylvania say they were told to either attend a recent Trump event, or not get paid

Workers at a new Shell plant in Pennsylvania were told they had to attend a speech by President Donald Trump in order to get paid.

Donald Trump is touting voter ID laws as an issue in the 2020 election. Here
Donald Trump is touting voter ID laws as an issue in the 2020 election. Here's why.

As Donald Trump ramps up his reelection for 2020 he is resurfacing a controversial gripe held over from 2016: That voter fraud cost him support.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.