A court in New York has fined former US President Donald Trump $350 million for providing false property information.

In addition to the fine, the ruling also ordered Trump to resign as a director of his company and be barred from taking any loans from any New York state bank for the next three years. 

On Saturday, the British media BBC reported in a report that Judge Arthur Ngoron ordered a large fine in this judgment given on Friday. 

The decision to charge interest on the amount of money that Trump has manipulated through fraud has also been reported. As a result, the final amount of the fine could be around 450 million dollars.

Meanwhile, claiming that this verdict is politically motivated, Trump said in a speech from his estate in Florida that he will appeal against the verdict. 

Trump said, in my opinion, today is a very sad day for the country. According to Judge Ngoron, the main factor behind the large fines in the ruling handed down on Friday were Trump's previous corruption allegations. In the judgement, he wrote that the accused are "likely to continue the fraud" if "significant" punishment is not imposed on them.

The judge specifically cited the 2022 Trump Organization tax evasion case for the ruling. In that case, some of the top officials of the company have been giving benefits beyond the rules for decades.

The BBC quoted Judge Ngoron as saying, "The evidence of fraud here is shocking."

However, despite the fine, Trump's organization's license has not been revoked. Such a situation is considered a 'corporate death sentence' in the US business arena. The judge decided to conduct two-stage monitoring of the Trump organization without revoking the license.