Live reporting on Ivanka Trump’s testimony from the BBC

  • girlfreddyOP
    link
    fedilink
    English
    arrow-up
    12
    arrow-down
    1
    ·
    1 year ago

    Why the Attorney General wants to question Ivanka

    Ivanka Trump was intimately involved in running her father’s business.

    In particular, prosecutors say she took the lead on negotiating and securing financing with Deutsche Bank for properties including Trump Doral Golf Resort in Miami, Trump Chicago and the Old Post Office in Washington DC.

    The interest rates on the loans were low because they required a personal guarantee from Trump and evidence of his liquidity and net worth.

    Hence, prosecutors argue, Trump’s annual statement of financial condition were central to those loans and saved him more than $100m (£81.4m).

    Donald Trump’s testimony was that the banks didn’t care about his statements, which he said included a “worthless clause” disclaimer.

    Former NY federal prosecutor Kristy Greenberg says that Ivanka’s testimony could contradict that assertion.

    She expects Ivanka will be asked many questions about her conservations with the banks and her family that led to securing those low rates.