Mueller subpoenas Deutsche Bank over loans to Trump


Mueller subpoenas Deutsche Bank over loans to Trump

The special counsel wants to document the bank’s financial connections to the president’s family

December 05, 2017 12:50PM

From left: Donald Trump, John Cryan, the Trump International Hotel in DC and Robert Mueller (Credit: Trump Hotels and Getty Images)

Special Counsel Robert Mueller and his investigators subpoenaed Deutsche Bank for documents related to business with President Trump and members of his family.

The Guardian, citing German newspaper Handelsblatt, reported that the bank has since cooperated with the request and handed over banking records to investigators.

The special counsel is investigating whether the Trump campaign colluded with Russians connected with the Kremlin in the lead-up to the 2016 election. The Deutsche subpoenas were sent several weeks ago, according to the Bloomberg report.

Deutsche has previously denied requests for documents made by Democratic lawmakers, who wanted more information on $300 million Trump owes Deutsche from past real estate loans. Congresswoman Maxine Waters specifically wanted to investigate whether those loans had any connection to Russia.

Deutsche has settled multiple investigations related to how it helped Russian clients move money out of that country and into the United States, but after its own internal review to see if Trump’s business ever overlapped with its so-called “mirror trading” services for Russians, Deutsche found that it had not. Despite this, Mueller and his team still want more information from the bank.

According to numerous reports, Mueller’s investigation expanded significantly this summer to include not only the president’s business dealings, but those of officials such as Commerce Secretary Wilbur Ross and White House senior adviser Jared Kushner, whose family real estate firm Kushner Companies is also a client of Deutsche. [Bloomberg and The Guardian] — Will Parker

Source: TRD LA