Trump pays 110,000 fine for blocking New York State tax investigation, attorney says

Trump has paid a 110,000 fine for blocking the New York State Tax Probe

The attorney general’s office said Trump paid মে 110,000 in contempt of court on May 19.

Washington:

Former U.S. President Donald Trump has been fined $ 110,000 since 2019 for obstructing a major tax evasion investigation led by New York State authorities, a spokesman announced Friday.

On April 25, the New York State Supreme Court ordered Trump to pay 10,000 10,000 a day until he refused to provide accounting and tax documents as part of a civic investigation against the state’s attorney general, Lettia James, the Trump organization family. Business

“On May 19, Donald Trump paid 110,000 to the attorney general’s office,” said a spokesman for James’ office.

James and the Republican billionaire have been engaged in a fierce systematic war for months.

On February 17, James was able to order a New York judge to testify under oath in the context of the investigation into Trump and his children, Donald Trump Jr. and Ivanka Trump, where he suspected fraudulent tax practices.

Trump – who has accused James of being a “victim of political witchcraft” – has appealed the ruling.

But New York State also demanded accounting and tax documents from the Trump administration before March 31.

Faced with Donald Trump’s rejection, James claimed receiving a rule on April 25 that he had been charged with obstruction.

On May 6, however, a New York judge suspended the count of days for which he should be fined and ruled that Donald Trump must pay ,000 110,000 for 11 days from Friday, May 20 to Friday, April 25, or 11 days – which he did on Thursday.

According to a spokesman for James, the Trump camp had until Friday to submit an affidavit regarding the Trump agency’s request for accounting and tax records.

These documents were actually collected and produced by a third party company on Thursday, according to the same source.

The judge must now decide whether the Trump camp has met all the demands.

James suspects that the Trump organization fraudulently exaggerated the value of real estate assets when applying for bank loans, devaluing them with the tax authorities to pay less taxes.

Donald Trump is also facing a criminal investigation by a Manhattan prosecutor: Allegations of tax evasion have been made against the Trump administration and its financial director, Alan Weisselberg.

They have pleaded not guilty and the trial is set to begin this year.

(This story was not edited by NDTV staff and was automatically generated from a syndicated feed.)

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