New York judge holds Trump in contempt for failing to comply with subpoena

A New York judge on Monday held former President Donald Trump in contempt of court for not producing documents subpoenaed in the state attorney general's civil probe of his business practices, and ordered Trump to be fined $10,000 per day until he complies.

Trump lost a bid to quash a subpoena from state Attorney General Letitia James, then failed to produce all the documents by a court-ordered March 3 deadline, later extended to March 31 at his lawyers' request.

Justice Arthur Engoron ruled that a contempt finding was appropriate because of what the judge called "repeated failures" to hand over materials and that it was not clear Trump had conducted a complete search for responsive documents.

"Mr Trump … I know you take your business seriously, and I take mine seriously. I hereby hold you in civil contempt," the judge said, although Trump himself was not in the courtroom.

James is investigating whether the Trump Organisation, the former president's New York City-based family company, misstated the values of its real estate properties to obtain favourable loans and tax deductions.

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James has said her probe had found "significant evidence" suggesting that for more than a decade the company's financial statements "relied on misleading asset valuations and other misrepresentations to secure economic benefits."

The attorney general has questioned how the Trump Organisation valued the Trump brand, as well as properties including golf clubs in New York and Scotland and Trump's own penthouse apartment in Midtown Manhattan's Trump Tower.

Alina Habba, a lawyer for Trump and the company, said at the hearing that James' investigation was a "fishing expedition" and that the Trump Organisation was "right on schedule" with its production of documents.

"This is a political crusade," Habba said. "The attorney general's investigation has seemingly become aimless."

Trump, a Republican, denies wrongdoing and has called the investigation politically motivated. James is a Democrat.