World News | Michael Cohen's Testimony Will Resume in the Donald Trump Business Fraud Lawsuit in New York

New York, Oct 25 (AP) Michael Cohen will be back on the witness stand on Wednesday, testifying against his ex-boss Donald Trump in a civil trial over allegations that the former president chronically exaggerated the value of his real estate holdings on financial documents.

During his first day of testimony on Tuesday, Cohen said he and key executives at Trump's company worked to inflate the estimated values of his holdings so that documents given to banks and others would match a net worth that Trump had set “arbitrarily.”

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Trump watched as his lawyer Alina Habba then cross-examined Cohen, working to portray him as a convicted liar.

Cohen worked as Trump's lawyer and fixer for many years, but in 2018 he was prosecuted for tax evasion, making false statements to a bank and to Congress and making illegal contributions to Trump's campaign in the form of payouts to women who said they had extramarital sexual encounters with the Republican.

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Trump said the women's stories were false. Cohen has said he orchestrated payments to the women at Trump's direction.

Since his legal problems started in 2018, Cohen has been a Trump foe. The two men hadn't been in a room together in five years until Tuesday's court session.

Cohen called it a “heck of a reunion.”

Outside the courtroom after Tuesday's court session, Trump dismissed Cohen as a “disgraced felon."

Cohen is also expected to be an important prosecution witness in a criminal trial scheduled for next spring in which Trump is accused of falsifying business records. That case is one of four criminal prosecutions Trump faces in New York, Florida, Georgia and Washington, D.C.(AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)