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NY attorney general investigates whether Trump overvalued estate | Trump News

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New York’s Democratic attorney general asked a court on Monday to enforce subpoenas into an investigation into whether President Donald Trump and his businesses inflated assets on financial statements.

Attorney General Letitia James filed a petition in state trial court in New York City naming the Trump Organization, an umbrella group for the Republican president’s holdings, as a respondent along with other business entities. The filing also named Eric Trump and Seven Springs, a New York estate owned by the Trump family.

The attorney general said Eric Trump, president of Seven Springs and vice president of the organisation, should be compelled to testify.

James’s lawyers said the subpoenas were issued as part of her “ongoing confidential civil investigation into potential fraud or illegality”, Reuters news agency reported.

They said there has been no determination regarding whether any laws were broken.

The investigation centres on whether Trump Organization and the president improperly inflated the value of assets to secure loans and obtain economic and tax benefits. Investigators are looking into whether the Trump Organization and its agents improperly inflated the value of the Seven Springs north of the city.

In the court filings, the attorney general’s office wrote that “information regarding the valuation of Seven Springs is significant” to the office’s investigation.

The investigation was launched in March 2019 after Trump’s longtime personal lawyer Michael Cohen told Congress that Trump had inflated the value of his assets to obtain more favourable terms for loans and insurance coverage.

Since then, the attorney general’s office has issued “a number of subpoenas and has taken testimony seeking information material to these matters”, the court filing said. Investigators have not yet determined whether the law was broken.

“For months, the Trump Organization has made baseless claims in an effort to shield evidence from a lawful investigation into its financial dealings,” James said in a statement. “They have stalled, withheld documents, and instructed witnesses, including Eric Trump, to refuse to answer questions under oath.”

Emails seeking comment were sent to lawyers for the Trump Organization and Eric Trump by The Associated Press news agency.

James’s office issued subpoenas to the Trump Organization and to Seven Springs LLC in December 2019, seeking financial documents, the filing said. Since then, both have “engaged in extensive good-faith discussions concerning the Trump Organization’s compliance with the subpoenas”.

The attorney general’s office is also attempting to collect information about several other Trump-related properties, including the Trump National Golf Club near Los Angeles, the Trump International Hotel and Tower in Chicago and an office building on Wall Street in Manhattan where the Trump Organization “owns a ‘ground lease’ pertaining to the property”.





Source – www.aljazeera.com

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21 workers trapped in flooded mine in China’s Xinjiang | China News

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CCTV says rescuers have located 12 of the 21 trapped miners.

Eight miners have been rescued and 21 remain trapped in a coal mine in China’s Xinjiang region after flooding cut power underground and disrupted communications, according to state media.

The accident happened in Fengyuan coal mine in Hutubi County on Saturday evening, when staff were upgrading the site, the official Xinhua news agency said.

Rescuers had located 12 of the 21 trapped miners, broadcaster CCTV said, but it was unclear if they were all together.

Rescue personnel were trying to pump water from the flooded shaft and have been piping air into the mine.

Pipes were being laid but the pumping operation was going to be challenging, CCTV said.

Mining accidents are common in China, where the industry has a poor safety record and enforcement of regulations is often lax.

In January, 22 workers were trapped in a mine in east China’s Shandong province after an explosion damaged the entrance, leaving workers stuck underground for about two weeks.

Eleven men were pulled out alive, 10 died and one miner remained unaccounted for.

In December, 23 miners died after being trapped underground in the southwest city of Chongqing – just months after 16 others died from carbon monoxide poisoning at another coal mine in the city.



Source – www.aljazeera.com

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African Champions League: CR Belouizdad join Sundowns in quarter-finals

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Amir Sayoud in action for Algerian club CR Belouizdad
Amir Sayoud opened the scoring for Algerian club CR Belouizdad as they beat South African hosts Mamelodi Sundowns 2-0.

Algerian champions CR Belouizdad earned the win they needed over hosts Mamelodi Sundowns of South Africa to clinch a place in the African Champions League quarter-finals.

Amir Sayoud took his tally in the competition to seven when he gave Belouizdad the lead over Sundowns in Pretoria on 29 minutes.

That advantage was doubled just before half-time as Ahmed Gasmi headed home a cross from Zinelaabidine Boulakhoua.

It was a measure of revenge for the Algerians who were embarrassed by Sundowns on home soil in the reverse fixture when the South Africans won 5-1 in February.

In Friday’s other Group B game DR Congo’s TP Mazembe, who were already out of contention to make the last eight came from behind to clinch a 2-1 win over Sudan’s Al Hilal.

The Sudanese club had needed a win to have any chance at all of progressing.

Al Hilal made the ideal start in their bid to win against former African champions Mazembe – Eid Mugadam gave them the lead after just two minutes in Lumbumbashi – but 16 minutes later Hilal contributed to their own downfall as Ivorian defender Mohamed Ouattara scored an own goal to level the game at 1-1.

Mazembe won the game thanks to a goal from Isaac Tshibangu, who scored just moments after he came on as substitute.

The draw for the quarter and semi-finals will be held on 30 April at the Confederation of African Football’s headquarters in Cairo.

Friday’s Group B results:

  • TP Mazembe (DR Congo) 2-1 Al Hilal (Sudan)
  • Mamelodi Sundowns (South Africa) 0-2 CR Belouizdad (Algeria)



Source – www.bbc.co.uk

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Ghana's farmers eye sweet success from chocolate

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Ghana is the world’s second largest cocoa producer but sees little of the profits from chocolate – for now.



Source – www.bbc.co.uk

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