Donald Trump Jr.’s investment firm refuses to turn over records to congressional investigators concerned about an "almost clairvoyant" ability to put cash in the right spot.
Lawyers for 1789 Capital — the firm in which President Donald Trump's son is a partner — rejected a request for records from Rep. Jamie Raskin (D-MD) in a letter obtained by CBS News.
“As part of the investigation, Raskin sought records related to its ‘almost clairvoyant’ business moves and its communications with the Trump administration,” CBS News reported Wednesday
The probe, launched last month, centers on 1789 Capital’s investments in companies that later benefited from federal contracts, funding, or favorable decisions by the Trump administration.
Raskin requested a list of the firm’s “portfolio, due diligence materials for its investments and preservation of any conversations with members of the administration, including messages sent via encrypted apps,” the outlet said.
But lawyers for the investment firm accused Raskin of taking a “spaghetti-against-the-wall-approach” based on unsupported claims.
"1789 Capital welcomes legitimate congressional oversight, but it has no intention of being held hostage to political gamesmanship,” attorneys Alexander Merton and William Burck wrote.
The firm disputed Raskin’s claims and denied receiving any special advantage from the Trump administration.
But Raskin faces a problem, CBS News noted Wednesday. He cannot currently compel the firm to cooperate because Democrats lack subpoena power.
That could change if Democrats retake the House in November.