(Reuters) – US President Donald Trump, three of his children and seven of his companies filed a federal lawsuit against Deutsche Bank and Capital One Financial Corp. on Monday to prevent banks from investigating the Federal Government against his to follow financial affairs.
FILE PHOTO: The headquarters of Deutsche Bank is shown on April 25, 2019 in Frankfurt (Germany). REUTERS / Ralph Orlowski / File Photo
The US Attorney's Office filed in the southern district of US District New York (US Federal Supreme Court) alleged that the solicitation of registration of committees controlled by the Democrats has no legitimate or legitimate purpose ,
"The subpoenas were issued to harass President Donald J. Trump to search all aspects of his personal finances, his affairs, and the private information of the President and his family," the lawsuit said.
It also complains that the Democrats hope "that they will encounter something that they can publicly expose and use as a political tool against the president." Representative Maxine Waters, chairman of the Financial Services Commission and MP Adam Schiff Englisch: www.socialistgroup.eu/gpes/newsdeta…16&site=main […] a joint statement as "priceless," the New York Times and other media reported.
On April 15, two US House committees issued subpoenas to several financial institutions to obtain information about Trump's finances. Both banks were involved in Trump's real estate empire.
"The potential use of the US financial system for illegal purposes is a very serious problem. The Financial Services Committee examines these issues, among other things, as it can involve the President and his staff as fully as possible, "Waters said in a previous statement.
Schiff said in a statement earlier that the subpoenas contained a "kindly subpoena to Deutsche Bank."
Recently, Trump said he intended to oppose any efforts by the Democrats to dig into his affairs. Among other things, the Democrats have looked into possible transactions Trump may have had with Russia.
The lawsuit, which includes Trump Organization Inc. and the three oldest children of Donald Trump, Eric and Ivanka, of Trump, states that the court has the power to invalidate the summons.
A representative of Deutsche Bank said in a statement, "We remain committed to providing all approved investigations with adequate information and will comply with a court order regarding such investigations."
Lawyers and representatives of both sides were not immediately available for Reuters on late Monday.
Reporting by Rich McKay; Editing by Richard Pullin