Ivanka Trump testified in court about the hundred million in loans from the Trump Organization

Ivanka Trump testified today in a New York court in the civil trial in which former President Donald Trump faces charges of fraudulent business activities. Trump and his company, the Trump Organization, face a hundred million fine and a lifetime ban from doing business in the state of New York.

In the Trump Organization family business, Ivanka Trump took care of securing loans and insurance for other investments, i.e. matters that the court has already decided that Trump did fraudulently when he overvalued his assets in order to appear more credible in the eyes of banks and insurance companies.

Ivanka Trump said she had not worked for her father’s company since January 2017. Today’s hearing revealed that during her time at the Trump Organization, she personally negotiated a $125 million loan from Deutsche Bank to buy the Doral golf resort near Miami , CNN reporters wrote from the courtroom.

In 2012, Trump had to personally guarantee the loan, and one of the conditions for granting the loan was that Trump would maintain liquid assets worth $50 million (about 1.15 billion crowns) each year and that his assets would exceed $2.5 billion (about 57 billion crowns). Prosecutor Louis Solomon today sought to prove that Trump personally suggested that she provide the bank with the Trump Organization’s financial statements, the documents that the indictment alleges Trump falsified, as proof of compliance.

Ivanka Trump denied knowing that a financial statement in June 2011 indicated that the total value of her father’s fortune was $4.2 billion (about 96.5 billion crowns). “I don’t recall” or “I don’t remember that” was the most common response to questions about documents and emails from 2011 when Trump negotiated a loan for the Doral golf resort with Deutsche Bank, according to media reports.

Of the Trump family, 42-year-old Ivanka is the fourth and final person to be subpoenaed by the prosecution; however, unlike her father and two brothers, she is only a witness, not a defendant. She is no longer on the defense witness list, and state representatives had the last chance to question her under oath in the courtroom today. (ČTK)