Monday 20 January 2020
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business-standard - 1 month ago

SC halts subpoena to Deutsche Bank for Trump records

In a big win to Donald Trump, the Supreme Court on Friday granted the US President s emergency request to temporarily block a congressional subpoena for his financial records from Deutsche Bank.According to The Hill, the court s order comes after Trump s legal team asked for a temporary stay of an appellate court decision ordering Deutsche Bank to comply with subpoenas from the House Financial Services and Intelligence Committees for a broad range of documents concerning Trump s finances and his businesses.The court order will be in effect until Friday 13. The time will help Trump s lawyers to prepare a formal appeal.The House committees are investigating Trump s relationship with Deutsche Bank which has given him USD 2 billion in the loan. The bank is under scrutiny over its role in a money-laundering scheme involving Russia.

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