"Manhattan DA Charges Trump Group and CFO on the 1st"

WSJ Report
Trump Unlikely to Be Indicted

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Reports have emerged that the 'Trump Group,' owned by former U.S. President Donald Trump, is expected to be indicted on charges including tax evasion. It is known that former President Trump himself will not be indicted.

The Wall Street Journal (WSJ) reported on the 30th (local time), citing sources, that the Manhattan District Attorney's Office in New York plans to indict the Trump Group and Chief Financial Officer Allen Weisselberg on tax-related criminal charges on the 1st of next month.

Earlier, The New York Times also reported that the Manhattan DA's office is reviewing an indictment against the Trump Group sometime this week.

[Image source=EPA Yonhap News]

This is the first time the Manhattan DA's office has formally indicted the Trump Group following the investigation into former President Trump and the Trump Group.

The Manhattan DA's office is investigating allegations that the Trump Group committed tax evasion and financial and insurance fraud by inflating the value of real estate and assets it owns to obtain loans.

However, former President Trump's legal team expects that he will not be indicted.

Trump, who has opposed the prosecution's investigation, claims there is political motivation behind this indictment as well. In a statement released on the 28th, he asserted, "This is simply a common practice in the American business world and is by no means a crime."

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