Donald Trump has been ordered by the US Supreme Court to hand over tax and other financial records to prosecutors in New York State.
The former US president has refused to publish the aforementioned filings over the past few years, despite the precedent that presidential candidates should do so.
A lower court has previously ruled that these records are necessary for a criminal investigation.
Judgment does not necessarily mean that these records will be published.
A grand jury is created by prosecutors to determine if there is enough evidence to prosecute. A jury is empowered to investigate and can issue a subpoena that forces people to testify.
The US Supreme Court’s decision was a blow to Mr. Trump, who for months had used a legal battle to try not to show jury his financial records.
However, the lawyers representing Mr. Trump oppose the ruling, saying that the judgment was not made in good faith.
On Monday, the court dismissed the lawyers’ argument.
According to US media, this is the last chance for the former president, who left the White House last month, just before President Joe Biden’s inauguration, to keep the records private.
Mr. Trump has repeatedly denied wrongdoing and called the investigation of his tax issues a “witch hunt”.
In a statement on Monday, Trump accused New York prosecutors of targeting him unfairly and said that the Supreme Court “should never have let go of the bottom needle search.” “This” sea.
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Manhattan County Prosecutor Cyrus Vance, a Democrat, for months sought to get eight years of Mr. Trump’s personal and business tax returns.
Vance is currently investigating allegations surrounding gag payments to two women who said they had an affair with Mr. Trump prior to the 2016 presidential election.
Mr. Vance once said that tax returns and financial records are essential for an investigation.
Trump completely denied the incident and said last July’s Supreme Court ruling was “purely political”.
Mr. Vance’s lawyers later said the investigation would extend beyond the intentional gag payments.
They gathered articles about banking and insurance fraud allegedly occurred at the Trump Organization and Cohen’s congressional testimony, who said the former president would devalue his assets in an effort to reduce taxes .
Mr. Trump, who inherited money from his father and became a real estate developer, was the first president since Richard Nixon in the 1970s to not make his tax records public.
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