President Donald Trump responded to the Democrats with a legal maneuver in a bid to block a request to hand over financial records being sought by Congress.
Anti-money laundering specialists at Deutsche Bank flagged multiple transactions involving Donald Trump and his son-in-law, Jared Kushner, from 2016 and 2017.
The Trump family and seven private companies sued Deutsche Bank and Capital One in an effort to block them from handing over the financial documents sought by Congress. The suit says the subpoenas "have no legitimate or lawful purpose."
The legal brief claims that the two banks have cooperated with the Trump family for years, offering services on a private and business level, and publication of the documents would be an invasion of privacy. It also accuses the Democrats trying to damage the presidency and of unfair political exploitation of the matter.
"The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the president and his family, and to ferret about for any material that might be used to cause him political damage," it alleges. "No grounds exist to establish any purpose other than a political one."
Deutsche Bank has lent Trump's real estate company millions of dollars over the years. Capitol One is among the banks that houses Trump's personal accounts.
The House Intelligence and Financial Services committees had issued subpoenas to several banks as part of their investigations of alleged foreign influence on U.S. elections.