President Trump, his three eldest children and his private company filed a federal lawsuit on Monday against Deutsche Bank and Capital One, in a bid to prevent the banks from responding to congressional subpoenas. In the suit, filed in federal court in Manhattan, the president and his family members argue that the Democratic House committee leaders who issued the subpoenas engaged in a broad overreach. “This case involves congressional subpoenas that have no legitimate or lawful purpose,” the suit alleges. “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. People with knowledge of the investigation said it related to possible money laundering by people in Russia and Eastern Europe.

Source: New York Times April 30, 2019 02:37 UTC