Former US President Donald Trump has faced a hefty fine for allegedly inflating the total assets of his construction business to get more loans at lower interest rates.
A New York court fined Trump nearly $350 million in that case. However, it can increase to 45 million dollars with interest. In addition to the court’s order, Trump cannot take any loan from any bank in New York for the next three years. He will not be able to hold the position of director or director of any organization in New York for those three years. Justice Arthur Ngoron made the ruling on Friday at the end of a continuous hearing from September in a Manhattan court.
Trump is going to fight again in the US presidential election race in November. Before that, it is believed that the former president faced a new setback in this judgment of Abalt. Trump’s lawyers, however, said they would fight back against the ruling. On his social media, Trump called Ngoron ‘complicated-crooked’ before the vote. A victim of political intrigue. In Trump’s words, ‘This judgment is completely wrong. This injustice cannot be accepted.
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