Trump refuses to answer in NY probe into his company

Former US President Donald Trump has said that he refused to answer questions under oath during an appearance before the New York state attorney general in an investigation into his business dealings.

Trump had appeared at state Attorney General Letitia James’ offices on Wednesday morning to testify in a long-running civil probe of the Trump Organization’s finances, reports al-jazeera.

“I declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution,” Trump said in a statement.

The Fifth Amendment of the US Constitution grants the right to remain silent when questioned by authorities to protect against self-incrimination.

Trump’s deposition in New York comes less than two days after FBI agents searched his home in Florida as part of a separate investigation looking into possible mishandling of classified documents by the former president, according to several US media outlets.

The New York attorney general launched the civil investigation in 2019 after Trump’s former personal lawyer Michael Cohen testified in Congress that the ex-president exaggerated his assets “when it served his purposes”.

James has said in court filings that her office has uncovered “significant” evidence that Trump’s company “used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.”

Trump, who previously suggested that he will run for president again in 2024, has dismissed the New York inquiry, federal probe and the congressional committee investigating the January 6, 2021 attack on the Capitol by his supporters as politically motivated.

Agencies