Former Republican President Donald Trump’s chartered accountants have abandoned their client for years, stressing that his group’s financial statements, which he has been preparing for him for more than a decade, can no longer be considered credible. petitions that saw the light of day yesterday Monday.
Last week, Mazars informed the Trump Organization in a letter that it would no longer offer its services, as the tycoon’s group has been facing investigations into alleged tax fraud.
The document was filed in court by state prosecutor Leticia James, who is seeking a judge to order Mr. Trump to comply with the summons to testify as part of his investigation into the case.
Ms James announced last month that her team had found evidence of fraud, particularly evidence of fictitious asset costing.
According to Mazars, the prosecutor’s findings led her to consider that the data included in the announcements of the results and financial health of Mr. Trump’s company from the financial year ended June 30, 2011 to the year ended June 30, 2020 “can no longer be considered reliable.”
The company added that its own, internal investigation, as well as “information obtained from internal and external sources”, also contributed to this decision.
“Although we did not conclude that the announcements of the results, as a whole, contain significant irregularities, given the circumstances, we consider that our judgment that these documents can no longer be considered credible is justified,” the letter of the chartered accountants states.
Partly because of this conclusion, Mazars “is no longer able to provide services to the Trump Organization,” according to the text.
The announcements of the results and the financial situation of the Trump Organization are at the heart of the investigation of Mrs. James and another, of a criminal nature, carried out by the Manhattan prosecutor.
Mr. Trump’s group is suspected of being virtually higher in the value of several of its properties when it asked for loans from banks and virtually lower in tax authorities for lower taxes.
In July, the Trump Organization and its loyal accountant Allen Weiselberg pleaded not guilty in a New York court to 15 counts of fraud and tax evasion.
The Manhattan District Attorney’s Office received Donald Trump’s tax returns from Mazars in January after a marathon legal battle that reached the Supreme Court.
For Mr. Trump, both investigations are politically motivated.
But the tycoon tycoon’s legal headaches could complicate his likely second White House campaign.
The 75-year-old billionaire generally chooses to cultivate an atmosphere of doubt as to whether or not he will claim the GOP anointing to be the party’s candidate in the 2024 presidential election, although he has repeatedly indicated that he is leaning against him again. Joe Biden.
SOURCE: AMPE
Source: Capital
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