A US appeals court upheld the ruling that Donald Trump committed fraud by inflating his personal wealth, but reduced the $464 million fine imposed on him. The court's decision marks the next stage in the long-running legal dispute concerning Trump's business activities. This decision has significant implications that could affect Trump's political career and business interests.
Redaksiya reports that the judges confirmed the decision issued by Judge Arthur Engoron in February, but stated that the fine was excessive. The court's decision notes that Trump inflated the value of his business to obtain more favorable loans from banks. The appeals court upheld Engoron's decision that Trump and his companies committed fraud, but reduced the amount of the fine. The court's decision is a response to the appeals filed by Trump's lawyers to have the fine annulled or reduced.
This decision could also affect discussions regarding Trump's participation in the presidential elections. Trump's supporters view this decision as proof that he is a victim of politically motivated attacks. On the other hand, critics state that this decision highlights ethical issues in Trump's business activities. The court process has raised questions about the financial structure of Trump's business empire and the valuation of his personal wealth.
Sevinc Karimova