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Donald Trump has repreatedly refused to hand over the documentation needed to investigate his financial dealings despite receiving federal subpoenas.
U.S. President Donald Trump, along with three of his children and seven of his companies, filed a federal lawsuit on Monday, April 29, against Deutsche Bank and Capital One Financial Corp in an attemp to block the banks from complying with federal subpoenas investigating his financial dealings.
The subpoenas — which the Trumps described in their suit as "intrusive and overbroad" — were issued to several banks by the Democratic-majority House's intelligence and financial services committees, which are looking into the president's finances as part of a larger probe into election meddling by Russia.
According to Reuters, the lawsuit, which was filed in the U.S. District Court's Southern District of New York, contends that demands for records by Democrat-controlled House committees have no legitimate or lawful purpose.
"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," the lawsuit said.
Trump, who has faced immense pressure over his past and current financial dealings, has refused to comply with the federal authorities, arguing that this is a "witch hunt."
The suit also complains that the Democrats are hoping "they will stumble upon something they can expose publicly and use as a political tool against the President."
The suit accuses Congress of stepping beyond its law-making mandate into law enforcement and says the subpoenas violate the privacy rights of Trump and his family.
A representative of Deutsche Bank said in a statement: "We remain committed to providing appropriate information to all authorised investigations and will abide by a court order regarding such investigations."
The latest Trump suit comes weeks after the release of a heavily redacted version of the Mueller report, which concluded a near-two-year investigation into Russian interference in the 2016 election.
The president described it as a "complete exoneration."
But Democrats believe the investigation has revealed serious wrongdoing by Trump and have not yet decided on whether they want to push for impeachment.