Donald Trump has posted a $175 million bond in his New York civil fraud case to prevent the seizure of his assets. The bond will protect Trump’s properties, including Trump Tower and his resorts, from being targeted by the New York Attorney General Letitia James. Trump was found liable for fraudulently inflating his net worth to secure better loan and insurance terms.
Attorneys in the New York attorney general’s office have urged the state appeals court to disregard Donald Trump’s claims in relation to his punishment for business fraud. The former president’s refusal to raise a bond has raised questions about the potential seizure of his assets, including Trump Tower. Trump’s lawyers argue that posting a bond covering the full amount of the $454m civil fraud judgment against him is a practical impossibility. Here’s an overview of the situation and the possible options for Trump.
The RBI’s high-powered rate setting panel on Wednesday began its 3-day brainstorming on the next set of bi-monthly monetary policy amid expectation of continued pause on the short-term key lending rate as GDP growth is gaining momentum, and inflation manageable.
