President Donald Trump, his sons and businesses sued Deutsche Bank and Capital One on Monday in order to block them from complying with House Democrat’s subpoenas seeking the President’s financial records.
The lawsuit by Trump follows shortly after the subpoenas issued by House Intelligence Committee Chairman Adam Schiff and House Financial Services Committee Chairwoman Maxine Waters.
“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. No grounds exist to establish any purpose other than a political one,” says the complaint, filed in the Southern District of New York.
The President’s attorneys are asking for an injunction to reject the subpoenas and prevent the two financial institutions from providing the requested financial documents. Deutsche Bank has already started handing over Trump’s records, The Hill reports.
The attorneys noted in the lawsuit that it was aimed at protecting President Trump’s rights, as well as those of his family and businesses.
“Every citizen should be concerned about this sweeping, lawless, invasion of privacy. We look forward to vindicating our clients’ rights in this matter,” Trump’s legal team said.
The lawyers further maintain that the subpoenas are too broad, while the two Democratic chairs say the lawsuit only serves to show “the depths to which President Trump will go to obstruct Congress’s constitutional oversight authority.”
They also noted Monday that the lawsuit was meant to postpone “meaningful accountability as long as possible,” citing Trump’s previous public statements that he would fight every subpoena from Congress and saying that the American people “deserve better.”
Earlier this month, Trump also filed a lawsuit against House Oversight and Reform Committee Chairman Elijah Cummings in an effort to block a subpoena for his financial records from accounting firm Mazars.