#Tax Evasion

.New York, NY, USA
Donald Trump was the 45th President of the US (Photo AP/PTI)

  • The records are likely to have financial statements and tax records
  • The district attorney is concerned about artificially boosted values of the organistaion's assets
  • 'Ladder Capital', an investment organisation is also under the prosecutors scanner 

.Washington D.C., DC, USA
The Supreme Court of the US passed a series of verdicts on Monday (Photo Credit: Pixabay)

  • The investigations were initiated to examine Trump's election expenses 
  • The verdict may reveal the alleged cases of tax evasions and fraud
  • Mazars USA, the accounting firm used by Trump was asked to comply with the subpoenas 

.Washington D.C., DC, USA
Donald Trump filed an emergency application with the supreme court in October. (Photo Credit: PTI)

  • The US Supreme Court on Monday rejected Donald Trump’s request of halting two lower court rulings
  • The case is regarding Trump's tax records, which he tried to shield from Manhattan District Attorney Cyrus Vance
  • Vance has issued a statement in response to the court's Monday move, saying, "The work continues"

Miller said that Giuliani still remained an 'ally and a friend'. (Photo credit: Twitter/@RudyGiuliani)

  • As per a tweet by Trump-adviser Jason Miller, Giuliani has no pending cases at hand where he is representing Donald Trump
  • In January, Trump became the only US president to be impeached twice
  • Among the lawsuits filed agaisnt Trump exist two of sexual assault, as well as those requiring criminal investigation

.Washington D.C., DC, USA
The provision was included in the defence bill passed by the US Congress.(Representational/Pixabay)

  • The law forces "beneficial owners" behind shell companies to report their identities to FinCEN
  • The UN estimates that $800 billion to $2 trillion is laundered through the global financial system every year
  • The legislation sets penalties for not reporting a company's beneficial owners, both jail and fine