Major action against Donald Trump, $355 million fine in fraud case – India TV Hindi

Donald Trump- India TV Hindi.

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Donald Trump

New York A US$355 million fine has been imposed in a civil fraud case against former US President Donald Trump and his Trump Organization. Here the fine has been imposed by the New York court. Trump is barred from serving as a company director in New York state for three years. His sons Donald Trump Jr. and Eric Trump have also been ordered to pay $4 million in fines. He has been barred from acting as a director for two years.

The trial, which ended in January, found Donald Trump and his two sons responsible for the massive increase in their assets. However, Trump and his sons have denied any wrongdoing. Former US President Donald Trump has termed this issue as ‘a fraud on me’ and ‘political juggling’. Judge Arthur Angoron’s decision came after a month-long hearing. The attorney general’s office had asked the judge to order Donald Trump to pay $370 million. But the judge in his decision asked to pay 355 million dollars.

Former President Donald Trump and his sons are accused of building a huge real estate empire by defrauding banks and insurance companies. Trump and his sons are accused of exaggerating their wealth for profit. However, Trump and his sons have denied any wrongdoing. At the same time, the former American president has called this issue a fraud against him.

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