According to recent reports, Donald Trump’s company, the Trump Organization, and its finance chief have been indicted in an investigation into alleged tax crimes.

Allen Weisselberg, 73, turned himself in to authorities in New York on July 1, ahead of the expected unsealing of as-yet-unknown charges.

The former president is not expected to be implicated personally in the case.

New York City has already cut business ties with the twice-impeached former president.

The Trump Organization is a family holding company that owns hotels, golf clubs and other properties.

Any criminal charges brought against the company would mark the first in long-running investigations on alleged fraud by both the Manhattan district attorney and the state attorney general.

Charges by District Attorney Cyrus Vance are expected to focus on whether Allen Weisselberg and other company executives received benefits such as apartment rentals or leased cars without reporting them properly on their tax returns.

Allen Weisselberg entered Manhattan’s criminal court building on July 1, the New York Times said. He and at least one other Trump Organization representative are expected to appear in court later in the day.

Donald Trump and his allies have said the investigations are politically motivated.

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In a statement this week, Allen Weisselberg said the case was looking at “things that are standard practice throughout the US business community, and in no way a crime”.

If the company is found guilty, however, certain business partners might draw a line under their relationship with the Trump Organization and the company could face fines.

New York City has already announced it will terminate contracts with Donald Trump’s company to run skating rinks, a carousel and a golf course, in the aftermath of the Capitol riots.

Daniel Goldman, who was lead lawyer in the House of Representatives for the first impeachment of President Trump in 2019, tweeted that the indictment could spur lenders to call in their loans, driving the Trump Organization to bankruptcy.

The investigations will also take into account eight years of Donald Trump’s personal and corporate tax returns, obtained by prosecutors after a long legal battle, which ended in the Supreme Court in February.

Donald Trump, who inherited money from his father and went on to become a property developer, is the first president since Gerald Ford in the 1970s not to have made his tax returns public.

Despite facing a number of investigations, Donald Trump has denied any wrongdoing personally or in his business.