A New York prosecutor seeking US President Donald Trump's tax returns says he is investigating reported "protracted criminal conduct at the Trump Organization".
Manhattan District Attorney Cyrus Vance Jr has filed a subpoena to obtain eight years of Mr Trump's personal and corporate tax returns, which the Trump Organization is challenging.
Responding in court documents filed on Monday, lawyers for Mr Vance said that allegations of criminal activity at the Trump Organization date back "over a decade".
His lawyers citied newspaper articles about supposed bank and insurance fraud at the Trump Organization and congressional testimony by the president's former lawyer Michael Cohen, who said Mr Trump would devalue his assets when trying to reduce his taxes.
Mr Trump, who inherited money from his father and went on to become a property developer, is the first president since Richard Nixon not to have made his tax returns public while running for office
In 2012 Cyrus Vance reportedly dropped a potential fraud investigation into Ivanka Trump and her brother, Donald Trump Jr, for allegedly misrepresenting the value of apartments to prospective buyers
According to US media, Mr Vance scrapped the inquiry following a visit from Marc Kasowitz, a lawyer for the Trump siblings' father
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