The investigation into the companies of the former US president is being conducted by the Manhattan District Attorney Cyrus Vance.
The Manhattan District Attorney’s Office has convened a special grand jury to review evidence in a criminal investigation into former President Donald Trump’s business dealings. The Associated Press reported this with reference to an anonymous source familiar with the situation.
The source says that Cyrus Vance, the Manhattan district attorney, continues to work on bringing charges as part of the investigation, which has been going on for two years. Prosecutors, among others, have engaged in a lengthy legal battle to gain access to Trump’s tax returns.
The large-scale investigation, among other things, examines information about the secret payment of money to women who were in contact with Trump, as well as the assessment of property and monetary compensation paid to employees of the Trump Organization. It includes 500 legal entities in which the ex-president is either the owner or the holder of a controlling stake.
In the course of the investigation, the Democratic prosecutor has already resorted to using the grand jury to issue subpoenas and obtain some documents. This jury continued its work even in the midst of the coronavirus pandemic when the work of the courts and other grand juries was temporarily suspended.
Investigators are looking into Trump’s relationship with his creditors, a land donation made to reduce income taxes, and the Trump Company’s multimillion-dollar consulting fees, which were then issued as tax-exempt.
In recent weeks, the investigation being led by the Vance attorney’s office has focused on Allen Weisselberg, Trump’s former chief financial officer. His ex-daughter-in-law, Jen Weisselberg, is cooperating with investigators who obtained tax records and other documents from her that contain information about Trump’s employees receiving unofficial compensation in the form of donated apartments or paid college tuition.
Donald Trump himself called the investigation a “witch hunt.”
“This is a purely political phenomenon, insulting the nearly 75 million voters who supported me in the presidential election, and doing so by prosecutors working on behalf of Democrats,” Trump said in a statement.
Last week, Donald Trump said he was “being unfairly attacked… from a corrupt political system.” He claims that the investigation is a “conspiracy of Democrats” who are trying to prevent him from running for president again. The new grand jury, whose task is to determine the existence of a crime, will consider the possibility of criminal charges, as well as other issues related to the investigation. According to the Washington Post, the grand jury will meet three times a week for six months.