Manhattan District Attorney Cyrus Vance has reportedly convened a special grand jury on May 25 in the criminal investigation into former President Donald Trump and his company, Trump Organization.
First reported by The Washington Post, the convening of the grand jury is the latest development of increasing momentum of a two-year investigation into Trump and his company, which included a long legal battle to obtain Trump’s tax records.
The development signals that Vance’s office is prepared to present evidence as it moves forwards seeking charges.
First reported by The Washington Post, the grand jury could decide on any indictments and will meet three days a week over a span of six months.
Potential witnesses have also been contacted in recent weeks about appearing before the grand jury, ABC News reported, citing sources familiar with the matter.
The investigation involves a variety of financial activities that Trump and his company allegedly engaged in, notably falsely inflating the value of their properties to obtain valuable loans then undervalued the properties for tax purposes.
In a statement on May 25, Trump described the investigation as politically motivated and called it “a continuation of the greatest Witch Hunt in American history.”
“This is purely political, and an affront to the almost 75 million voters who supported me in the Presidential Election, and it’s being driven by highly partisan Democrat prosecutors,” Trump stated.
The Manhattan district attorney’s office declined to comment when reached by news outlets.
Last week, New York Attorney General Letitia James announced that the nature of the investigation evolved from civil to criminal.
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