Trump posts $175 million bond, avoids asset seizure

Former US President Donald Trump has posted a bond, reduced by the court, in his civil fraud case, allowing him to avoid seizure of his assets by New York State authorities.

The New York attorney general had filed a lawsuit against Trump, claiming that he had overstated the net worth of the property-related business he ran before becoming president, resulting in fraudulent profits for about a decade.

Trump was ordered to pay more than 450 million dollars, including interest.

The former president appealed. However, in order to avoid asset seizure, he needed to post a bond equal to or greater than the payment order.

A New York court took up Trump's request for a smaller bond and ordered him to put up 175 million dollars. He posted the amount on Monday, averting the crisis of asset seizure.

But Trump faces other lawsuits, and his legal bills are mounting.

Observers say this could affect Trump's campaign funds for the US presidential election in November.