Mazars ordered to hand over Trump accounting records
22 May 2019
Following a federal court ruling, Mazars US has been given seven days to provide President Donald Trump’s accounting records to a Congressional committee which is investigating his business dealings
22 May 2019
The House of Representatives oversight committee, which is controlled by the Democrats, went to court to win a subpoena against Mazars, as part of a long-running probe into Trump’s business affairs.
The committee is looking at whether he had conflicts of interest or failed to break the link with his business interests when he was elected.
Mazars is now required to produce the necessary documents by next Monday. They include all annual statements, financial reports, independent audits, memos, notes and communications about Trump, his corporate trust account, the Trump Organization and some of its subsidiaries and the Trump Foundation for the past seven years.
The judge in the case said the committee ‘has shown that it is not engaged in a pure fishing expedition for the President’s financial records’.
The judge stated: ‘It is simply not fathomable that a constitution that grants Congress the power to remove a President for reasons including criminal behaviour would deny Congress the power to investigate him for unlawful conduct - past or present - even without formally opening an impeachment inquiry.’
As soon as the judge’s decision was announced, lawyers for Trump had said the President will appeal against ‘all aspects’ of the ruling. In a tweet Trump described the judge’s decision as ‘crazy’. The speed of the President’s appeal is intended to try and force a stay in the proceedings before the Monday deadline.
Meanwhile, a judge in a New York federal court is due to hear arguments today, 22 May, in a similar lawsuit Trump has filed to block subpoenas issued by other House committees to Deutsche Bank and Capital One Financial seeking financial records and information.
Mazars has said it will ‘comply with all legal obligations’.