August 28, 2019
Deutsche Bank has confirmed that they are in possession of tax returns requested by US lawmakers probing the finances of President Trump and his family.
The disclosure was made in a Tuesday filing in response to a question from an appeals court last week, according to Bloomberg, however the names of the individual or individuals in question (probably Trump and his organization) are redacted.
Deutsche Bank has all but confirmed the bank is in possession of tax returns for President Trump and some of his immediate family. Names are redacted in the letter the bank just filed in response to Monday's court order, but it's clear who they are referring to. 👉 pic.twitter.com/iYAuNMlGcu
— Susanne Craig (@susannecraig) August 27, 2019
According to the report, the appeals panel is mulling a request by Trump to block access to financial records at both Deutsche Bank and Capital One – the latter of which says it does not possess any tax returns applicable to the subpoena.
The 2nd Circuit hasn't ruled yet on whether House Dems can enforce the subpoena for whatever tax returns and other responsive records Deutsche Bank has — after hearing arguments, the court had asked the banks if they had docs, and they filed responses
— Zoe Tillman (@ZoeTillman) August 27, 2019
The appllate judges had requested to know if the banks actually have the tax returns.
Trump, his children Donald Jr., Eric and Ivanka, and his businesses, sued the banks in April to block them from complying with the demand from lawmakers to turn over the financial information. A federal judge in May rejected that request, and Trump has appealed.
In its filing Tuesday, Deutsche Bank said it has tax returns — in either draft or as-filed form — responsive to the subpoenas. The names were redacted. The bank also said it has “such documents related to parties not named in the subpoenas but who may constitute ‘immediate family’ within the definition provided by the subpoenas.” –Bloomberg
This article was posted: Tuesday, August 27, 2019 at 4:39 pm