'Trump falsely inflated his net worth': NY attorney general files lawsuit against Trump – video

Letitia James, attorney general of New York state, has filed a civil lawsuit against Donald Trump and members of his family for doctoring their finances in order to obtain favourable borrowing terms.

In a statement on Wednesday, James said: 'The lawsuit alleges that Donald Trump, with the help of his children Donald Trump Jr, Ivanka Trump and Eric Trump, and senior executives of the Trump Organization, falsely inflated his net worth by billions of dollars to induce banks to lend money to the Trump Organization on more favorable terms.'

Allen Weisselberg, a former chief financial officer for the Trump Organization, and Jeffrey McConney, a former controller, were also named in the suit.

• New York attorney general announces civil lawsuit against Trump and family