Mr. Trump at the trial in New York on March 25
Reuters reported on March 25 that the appeals court in New York state (USA) extended former President Donald Trump another 10 days to post bail for a $464 million fine in a civil case of business fraud.
In addition, the court also reduced the bail amount to $175 million. The deadline to pay the fine or post bail is March 25.
This is considered a big "lifesaver" for Mr. Trump, after he and his two children were fined for inflating the value of their assets to get preferential treatment in buying insurance and borrowing money.
Trump claims to have 'nearly $500 million in cash'
For now, the latest ruling prevents New York Attorney General Letitia James from seeking to seize the former president’s assets to enforce a judgment. Likewise, Mr. Trump and his children can still do business in New York State and borrow money from financial institutions there.
Responding to the ruling, Mr. Trump said he would comply and would post bail in cash or securities.
Also on March 25, Mr. Trump had to appear in court in New York state in another case, a criminal case related to paying "hush money" to porn star Stormy Daniels.
At the hearing, Mr. Trump’s lawyers asked for the trial to be postponed or dismissed. They introduced new documents, including statements that Ms. Daniels had given to the FBI, according to attorney Todd Blanche, who presented the case before Judge Juan Merchan.
It is unclear how many documents were turned over to the court by the lawyers. On his way to the hearing, Mr Trump told reporters that “this is a witch hunt, this is a hoax”, before thanking everyone and entering the courtroom.
Judge Merchan's ruling is expected to pave the way for the first criminal trial of a former US president.
In addition, Mr. Trump also faces three other criminal cases, revolving around accusations that he sought to overturn the results of the 2020 presidential election and kept classified government documents after leaving office in 2021. Mr. Trump denies all allegations in the four criminal cases.
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