The U.S. President Donald Trump has filed a federal lawsuit against Deutsche Bank and Capital One Financial Corp to block the banks from complying with federal subpoenas investigating his financial dealings.
The federal lawsuit, filed in the U.S. District Court’s Southern District of New York, contended that demands for records by Democrat-controlled House committees have no legitimate purpose.
“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,” the lawsuit said.
It also complains that the Democrats are hoping “they will stumble upon something they can expose publicly and use as a political tool against the President.”
On April 15, two U.S. House of Representatives committees issued subpoenas to multiple financial institutions for information on Trump’s finances. Both banks have been involved in Trump’s real estate empire.
The suit, which includes The Trump Organization Inc. and Trump’s three eldest children Donald Jr., Eric and Ivanka, states that the court has the power to declare the subpoenas invalid.
A representative of Deutsche Bank said in a statement: “We remain committed to providing appropriate information to all authorised investigations and will abide by a court order regarding such investigations.”
