The Manhattan District Attorney’s Office recently subpoenaed a tax agency as it ramps up a criminal investigation into former President Donal Trump’s company for potential tax fraud, reported Reuters.
New York City Tax Commission confirmed to the news outlet on Friday that it was subpoenaed, indicating that Manhattan District Attorney Cy Vance Jr. may be looking to assess Trump’s property tax filings and loan documents.
Investigators looking into Trump’s business can now look through the tax agency documents to determine if he inflated his property value to get more favorable loans while recording lower value and reducing taxes.
With the subpoena, the New York City Tax Commission may be more inclined to provide the courts with the Trump Organization’s detailed income and expense statements filed to lower taxes on commercial properties, including Trump Tower and Trump Plaza.
The court filings have stated that Vance’s office investigates “possibly extensive and protracted criminal conduct” at the Trump Organization.
Vance’s investigation is reportedly the only known criminal probe of Trump’s real-estate dealings. New York State Attorney General Letitia James has led a civil investigation into whether or not Trump’s business reported false property values to get tax breaks.