Deutsche Bank tells court it does not have Donald Trump's tax returns

Deutsche Bank has told US appeal court that it does t have copies of US President Donald Trump’s tax returns on October 10, shutting one possible avenue for Democratic-led U.S. House of Representatives to acquire  returns. Trump has appealed court to block Deutsche Bank from releasing bank statements related to himself and his family which House Financial Services Committee and Intelligence Committee subpoenaed in April. subpoena is a part of Democrats' more extensive endeavours to accumulate information about Republican US President's funds. main lender for Trump's real estate business, a 2017 disclosure form demonstrated that Trump h at least $130 million in liabilities to Deutsche Bank. In a letter to Second U.S. Circuit Court of Appeals in August, bank recognized that records identified with Trump and three of his kids subpoenaed by boards of trustees included tax returns. In any case, while recently redacted letter said Deutsche Bank held tax returns for two people named in subpoenas, ir identities were withheld.

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International media organizations appealed court to unseal letter

International media organizations have appealed to court to unseal letter and reveal whose tax returns Deutsche Bank h on its records from Trump family. court refused motion on Thursday. court ruled that Deutsche Bank’s letter revealed tax returns it has for individuals or entities named in subpoenas do t belong to President Trump. Deutsche Bank declined to comment on court's ruling. According to reports, spokesperson for Trump did t respond to requests for a comment. During Presidential campaigns in 2016, Trump broke with a deces-old convention of candidates releasing ir tax returns publicly. court confirmed that decision on wher Deutsche Bank needs to hand over banking records of Trump, his children, and businesses is still pending.

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two congressional panels released a joint 12-p subpoena

According to subpoena, two congressional panels released a joint 12-p subpoena in April seeking records. lawmakers requested documents that identify any financial transactions or ties between his family members and his companies and any foreign individual, entity, or government. In a separate verdict on Monday, a court said eight years of Trump's tax returns must be provided to Manhattan prosecutors, mightily dismissing US President's contention that he was safe from criminal investigations.

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(With inputs from ncies)