Donald Trump Jr. says he played minor role in company finances

Donald Trump Jr. says he played minor role in company finances
# 02 November 2023 04:02 (UTC +04:00)

Donald Trump’s son Donald Trump Jr. testified on Wednesday that he had little to do with preparing financial documents at the family real-estate company that a judge has found fraudulent, in a trial that could hobble the former U.S. president's business empire.

Over the course of one and a half hours on the witness stand, Donald Jr. said he provided cash-flow figures to company accountants while he and his brother Eric oversaw the Trump Organization during their father's 2017-2021 presidency.

But he said he was not directly involved in preparing the so-called statements of financial condition of properties and other company assets, which New York state prosecutors say were fraudulently inflated to win favorable terms from lenders and insurers.

"They could have asked me on any given day what a deal was worth," he said, adding: "I may not have known that it was going to be used in aggregate for the statements of financial condition."

Donald Jr. is a co-defendant in the case, along with his father and his brother Eric.

His testimony is expected to continue into Thursday afternoon and could delve deeper into his role managing properties and licensing deals. Eric is scheduled to testify after he is finished, followed by his sister Ivanka Trump on Friday. Their father is set to testify on Monday.

The lawsuit by Democratic New York Attorney General Letitia James accuses Trump, his two adult sons and a handful of their family businesses of inflating their assets by billions of dollars to secure better loan terms.

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