Former American President Donald Trump won the battle with the Supreme Court of New York against the sequestration of his assets. According to the decision of the Court of Appeal, Donald Trump will have to pay an amount of 175 million dollars within 10 days.
In this way, the law enforcement bodies will suspend the charges for fiscal fraud in the amount of 454 million dollars. The decision clears the way for Trump to run unconcerned in the November US election.
"Manhattan Supreme Court Justice Arthur Engoron has done a terrible disservice to the state of New York. Businesses are going away and crime is flourishing across the state and what he has done is such a disservice and should never be allowed to happen again. I very much respect the decision of the appellate division and I will provide either $175 million in cash or bonds or sureties or whatever is necessary, very quickly within ten days," Trump said.
New York Attorney General Letitia James' office, which is handling the case, said Trump "is facing liability for fraud."
Trump has struggled to raise money for both his campaign and legal expenses. He has pleaded not guilty in the criminal cases and has denied having committed legal violations in the cases mentioned against him. In the New York civil case, Trump was found liable for defrauding his fortune of billions of dollars to secure better credit and insurance terms.
Judge Arthur Engoron found that Trump engaged in fraud by overvaluing properties, including his Mar-a-Lago estate in Florida, his apartment in Manhattan's Trump Tower and various office buildings and golf courses. The trial focused primarily on how much Trump must pay in fines.