United States: A judge orders the appointment of an independent monitor to oversee Trump’s company

NEW YORK (Reuters) – A New York judge on Thursday ordered the appointment of an independent watchdog to oversee the Trump Organization ahead of a civil lawsuit filed by the New York State Attorney General on tax evasion charges. alleged against Donald Trump’s company.

State Attorney General Letitia James accuses the former Republican president, his company and three of his children of overstating the net worth of their assets and is seeking $250 million (256.46 million euros) of repairs.

Last month, Letitia James asked Judge Arthur Engoron to appoint an independent monitor in a bid to put an end to ongoing fraud at the company and prevent the transfer of assets.

Arthur Engoron said appointing a monitor was “the most prudent and tightly tailored mechanism to ensure there is no further fraud or illegality”, citing “persistent misrepresentations” in the Donald Trump’s financial statements from 2011 to 2021.

Donald Trump called the New York judge’s decision “ridiculous”.

“A puppet judge for the New York Attorney General and other sworn enemies of President Trump and the Republican Party has just handed down a decision never seen anywhere in America,” Donald Trump said. “It’s communism coming to our shores.”

According to the Trump Organization, the move “sets a dangerous precedent for government interference in private businesses and is a clear attempt to influence the outcome of the upcoming election,” referring to midterm elections scheduled for next week.

Letitia James called the decision a “major victory” in a statement that will prevent Donald Trump and his companies from pursuing “the extensive fraud that we have uncovered”.

Both parties have until November 10 to recommend three candidates for the position of comptroller.

(Report Karen Freifeld and Jonathan Stempel in New York; French version Kate Entringer)

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