US President Donald Trump. (AFP )
US President Donald Trump. (AFP )

In latest salvo, Donald Trump sues banks to block access to financial records

  • The lawsuit represents a new front in Trump’s battle to stop the Democrats from probing him and his businesses
  • Deutsche Bank has long been one of the main banks for Trump’s real estate empire, while the President’s ties to Capital One were not immediately clear

US President Donald Trump, his three oldest children and the Trump Organization have sued Deutsche Bank AG and Capital One Financial Corp. to try to block them from responding to subpoenas issued by US congressional Democrats seeking financial records.

The lawsuit represents a new front in Trump’s battle to stop the Democratic-controlled House of Representatives from probing the Republican president, his family, his businesses and his administration after special counsel Robert Mueller finished his inquiry into Russia’s role in the 2016 election.

The complaint, filed on Monday night in federal court in Manhattan, also called quashing the subpoenas an urgent matter, saying that absent a court order Deutsche Bank planned to begin responding to its subpoena on 6 May, and Capital One would feel obligated to begin responding by that date.

Deutsche Bank has long been one of the main banks for Trump’s real estate empire, while the President’s ties to Capital One were not immediately clear.

In the complaint, Trump, his adult children Donald Jr., Eric and Ivanka, and the Trump Organization accused House leaders of pursuing records for no legitimate or lawful purpose.

“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 lawsuit also accused Democratic leaders of hoping to “stumble upon something they can expose publicly and use as a political tool against the President".

Only the banks were named as defendants.

Deutsche Bank said it was “committed to providing appropriate information to all investigations and will abide by a court order regarding such investigations".

Capital One and lawyers for the plaintiffs were not immediately available for comment.

reuters

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