Published: Wed, May 26, 2021
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NY prosecutors probing Trump form grand jury

NY prosecutors probing Trump form grand jury

The development reported late on Tuesday signals that the Manhattan district attorney's office was moving toward seeking charges as a result of its two-year investigation, which included a lengthy legal battle to obtain Trump's tax records.

New York State prosecutors recently expanded their own investigation of the Trump Organization into a criminal capacity and the New York state attorney general also assigned two lawyers to work with Vance's office hereafter.

Previous court filings suggested the investigation was sparked by testimony from Trump's former personal lawyer Michael Cohen that the Trump Organization facilitated a hush-money payment to the adult-film actress Stormy Daniels during the 2016 U.S. election - which could also be a violation of state tax laws.

Vance's office declined to comment.

"This is purely political and threatens about 75 million voters who supported me in the presidential election, and it's a very partisan Democratic Party", Trump said in a statement.

Mr Vance has been looking into Mr Trump's business practices before he was president, including examining whether he or his companies manipulated the value of assets to gain favourable loan terms and tax benefits.

The Trump Organisation did not respond to an AFP request for comment yesterday.

The document is protected by a grand jury secret rule and is not expected to be published.

The investigation includes scrutiny of Trump's relationship with his lenders; a land donation he made to qualify for an income tax deduction; and tax write-offs his company claimed on millions of dollars in consulting fees it paid.

The Trump Organization's longtime chief financial officer Allen Weisselberg has been named in multiple reports as a pressure point, eyed by Manhattan prosecutors as someone who could potentially cooperate against the former president. Next month's election is nearly certain to decide who it will be. His former daughter-in-law, Jen Weisserberg, is cooperating with both inquiries.

"No other President in history has had to put up with what I have had to", raged Trump, who described the investigations as "purely political, and an affront to the nearly 75 million voters who supported me in the Presidential Election, and it's being driven by highly partisan Democrat prosecutors".

She gave investigators a series of tax records and other documents when investigating whether some Trump employees were given off-book compensation such as apartment and school tuition.

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