Jan 18 (Reuters) - New York Attorney General Letitia James said late on Tuesday that former U.S. President Donald J. Trump's family organization used "fraudulent or misleading" asset valuations to obtain economic benefits, including loans, insurance coverage, and tax deductions.
James also took legal action to compel Trump and his adult children Donald Trump Jr. and Ivanka Trump to appear for sworn testimony as part of her office’s civil investigation into the Trump Organization's financial dealings.
"Thus far in our investigation, we have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit," James said in a statement.
She later tweeted that "Donald Trump, Trump Jr., and Ivanka Trump have all been closely involved in the transactions in question."