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Trump sues Deutsche Bank and Capital One

© Timothy A Clary/AFP/Getty Images

President Donald Trump and his family are suing Deutsche Bank and Capital One to block subpoenas issued by House Democrats seeking Trump's financial records.

"The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family, and to ferret about for any material that might be used to cause him political damage,” the lawsuit contends. "No grounds exist to establish any purpose other than a political one.”

In a federal lawsuit filed Monday in New York, Trump's lawyers argued that that the subpoenas serve “no legitimate or lawful purpose.”

The latest increase in the fight against invalidation of subpoenas issued by House Financial Services and Intelligence Committees, is the latest escalation in Trump’s fight against mounting House investigations into his administration, presidential campaign and business empire. In recent times, Trump has vowed to fight against all the Congress sub-classes, accusing Democrats of trying their best for their presidential position.

German lender Deutsche Bank said in a statement that it was "committed to providing proper information to all the authorized investigations and would adhere to the court order regarding such investigations."

The lawsuit was filed on behalf of the president; his sons Donald Trump, Jr. and Eric Trump; his daughter Ivanka Trump; and the Trump Organization.

In a statement, Mukasey and Patrick Stroubridge, who are representing Trump in the case, said it was filed to "protect the privacy rights of the President, his family and their businesses.”

"Every citizen should be concerned about this sweeping, lawless, invasion of privacy,” they said. "We look forward to vindicating our clients’ rights in this matter.”

On Capitol Hill, Republicans have gone in the defense of Trump's amid the onslaught of investigations and subpoenas, claiming that Democrats are misusing their authority to remove the president and ultimately impeach him.

CTM News | 3oth April 2019

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