New Delhi: The troubles of former US President Donald Trump are increasing. His accounting firm Mazars has severed ties with Donald Trump amid allegations of misrepresentation of assets. Along with this, the firm has said that Trump’s financial accounts prepared by the firm during a decade should not be trusted. However, Mazars also said that there are no material discrepancies in the financial statements prepared by the firm. Mozart said this in a letter to the Trump Organization. This letter has been revealed during the fraud investigation against the Trump Organization. Mozart has said that the financial statement he prepared for the Trump Organization from 2011 to 2020, now he does not stand on the veracity of this statement.
Actually, a case is going on against the Trump Organization in the case of fraud in financial assets. New York Attorney General Letitia James has again requested that the former president and his daughter Ivanka give evidence under the oath taken. Letitia James has questioned Trump’s son Eric Trump in this matter.
Trump accused of financial fraud
New York Attorney General Letitia James, who is investigating the case, said that the claims made by Trump’s family and the firm regarding financial assets are misleading and against professional beliefs. Trump’s family and the firm had inflated the valuation of many properties. However, Trump has reprimanded the Attorney General of New York, terming this investigation as rubbish. Trump said he was desperate to find a criminal case.
Not sure about the veracity of the statement
The Mozart firm has said that it prepared the Trump Organization’s financial statements in accordance with professional standards but based on information provided by Trump and the Trump firm. The firm said, however, on the basis of the totality of the situations, we cannot conclude that there are any material discrepancies in the statement. But we believe that our advice to no longer rely on prepared statements over the course of a decade is justified. Mozart said that now we have stopped our work with the Trump Organization.
There are many allegations against Trump
Former US President Donald Trump is in the headlines these days. First, he was accused of tearing and flushing official papers while being the President. Now Trump has been accused of using his identity as the former President of America for personal gain (Donald Trump Controversy). The money that Trump had done for political fundraising went into his pocket. Apart from this, Trump started many ventures to benefit from the identity.
