Former US President Donald Trump was handed a last-minute reprieve in court on Monday, when a New York Court allowed him to past a reduced bond of $175m to delay enforcement of a $464m fraud penalty, after his lawyers argued it would be impossible to secure a bond for the full amount,

If he posts the bond of $175m within 10 days, his assists will be protected while he continues his appeal. “I greatly respect the decision. We will abide by the decision,, and post either a bond, equivalent securities, or cash” Mr. Trump said.

Mr. Trump was found liable earlier this year for repeatedly inflating the value of his assets, in what was a landmark fraud case against former president and the presumptive nominee for November’s American Presidential election.

Trump owes $560.5m — $464m New York fraud case, $96.5m two E Jean Carroll defamation cases, but owns $2.6bn – $426m cash and liquid assets$166m Trump National Doral Miami, $60m Trump Tower, $1.656bn in other assets.

Mr. Trump, 77, faces four criminal cases, including fraud charges over payments he made to Ms Daniels before the 2016 election He has pleaded not guilty to all 34 charges, arguing the claims do not constitute a crime. Justice Juan Merchan ruled on Monday that there was no reason to delay Mr. Trump’s hush money trial any further, despite the defence’s arguments, and ordered the case to begin on April 15.