Friday, August 19, 2022
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Judge decides against Trump on financial records disclosure

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Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

In the dispute over the disclosure of his financial records, US President Donald Trump has suffered defeat.

Trump had fought in court against the Congressional attempt to gain insight into his finances through an accounting firm.

However, a federal judge dismissed Trump’s objections in Washington and ruled that the president could not block the call from Congress.

With their newly won majority in the House of Representatives, the Democrats are forging ahead with various investigations against Trump and trying, among other things, to gain insight into their finances.

Elijah Cummings, chairman of the House Audit Committee, had requested financial documentation from a company with whom Trump and his companies had long worked in accounting. Cummings issued a penalty-reinforced order, with which he can force the company Mazars to hand over the documents.

Attorneys of Trump and the Trump organization had filed a lawsuit arguing that this was inadmissible. They accused the Democrats of conducting a political war against Trump.

However, the federal judge rejected these objections and declared the efforts of the congress admissible.

The Democrats are also trying to get hold of Trump’s financial documents by other means. The Finance and Tax Committee of the House of Representatives had asked Secretary of State Steven Mnuchin to present the tax returns of Trump and several of his companies over the past six years, which Mnuchin refused to do. This dispute should also go to court.

Normally presidential candidates publish their tax returns during the election campaign. Trump, on the other hand, has not done so to this day, fueling his critics with the suspicion that he has something to hide.

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