A judge ruled in New York on Thursday to hire an independent accountant to audit the Trump organization. The judge thus complied with the request of New York Attorney General Letitia James, who had filed an extensive lawsuit against Trump at the end of September.
The decision now severely restricts the freedom of the company. For example, the Trump organization is prohibited from selling assets or undertaking restructuring without first notifying the court and James’s office. The independent accountant must have access to financial reports and other important information – and the company must pay the accountant itself.
The attorney general’s lawsuit is against Trump, his company named after him, and their three children, including Donald Junior, Eric and Ivanka. James accuses them of manipulating the Trump Organization’s corporate value on a large scale and for years. Among other things, she wants to ensure that the Trumps have to pay 250 million dollars (252 million francs) as compensation. Trump’s group rejects the allegations; Donald Trump himself has so far refused to testify.
In October, James called for control of certain financial flows. She feared Trump and his children would try to make pre-trial arrangements that would protect them from a possible conviction. There is every reason to believe that the defendants would continue to engage in similar fraudulent behavior until trial, she said. (cpf/sda/dpa)
Soource :Watson
I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.
