New York court overturns penalty imposed on Trump

In a case that has caused widespread repercussions in the US, the New York Appellate Court found the penalty imposed on Trump and his company to be "excessive" and overturned it. The court upheld the lower court's ruling that Trump's sons and company executives altered their net worth to gain tax and insurance advantages. However, the cancellation of the fine, which reached a total of 527 million dollars, is considered a significant development in the case brought against Trump.

TRUMP'S REACTION

Following the decision, Trump described the court's ruling as a "victory" in a statement on his Truth Social platform. Trump said, "This case was an unprecedented political witch hunt in the business world. The city and state administration tried to interfere with the presidential elections. Even though everything was correct and perfect, they tried to show that I did something wrong illegally."

The case, which was opened in 2022, had caused widespread repercussions in the public eye due to its potential to block Trump's path to the presidency and had led to debates over whether it was a political case. Initially, a 464 million dollar fine was announced, and with daily interest, this figure had reached 527 million dollars.

News Source: 12punto