Trump lawyer: Deutsche Bank has not received subpoena for Trump records

Laura Christensen
December 6, 2017

A US federal investigator probing alleged Russian interference in the 2016 USA presidential election asked Deutsche Bank (DBKGn.DE) for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

In June, the German bank rejected a demand by Democrats to provide details of the President's finances, citing privacy laws.

Mueller is investigating alleged Russian attempts to influence the 2016 United States presidential election and potential collusion by Trump aides.

The president's financial records could potentially show whether Trump owes or has received money from suspects connected to Russian Federation.

Trump, his wife, daughter Ivanka and son-in-law Jared Kushner are understood to beclients of Deutsche Bank. After a string of bankruptcies and broken promises, pretty much every other major bank stopped lending Trump money some years ago.

Many media outlets included the denial from Trump's attorney in their reports, but the idea of his bank being subpoenaed for his financial records makes for far juicier headlines. I don't. They said I made money from Russian Federation.

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"Deutsche Bank's pattern of involvement in money laundering schemes with primarily Russian participation, its unconventional relationship with the president, and its repeated violations of US banking laws all raise serious question about whether the bank's reported reviews of the trading scheme and Trump's financial ties to Russia were completely thorough", they wrote. "Look, this is about Russian Federation".

At this point, we don't know exactly what Mueller is looking for in the Deutsche Bank records.

Camera IconRobert Mueller has asked a German bank to look at account information of Donald Trump and his family.

The Deutsche debts include a loan exceeding $50 million for the Old Post Office, a historic property he redeveloped in downtown Washington, mortgages worth more than $55 million on a golf course in Florida, and a $25 million-plus loan on a Trump hotel and condominium in Chicago, the disclosure shows.

This may turn out to be no big deal - perhaps Mueller will find that all Trump's transactions with Deutsche Bank were above-board and free of any amusing business, and also that nothing he discovers there will lead to evidence of any other misconduct on Trump's part.

The Trump family's dealings with Deutsche Bank have been a focus of opponents for months. Russian Federation has denied US intelligence agencies' conclusion that it meddled in the campaign and Trump has said there was no collusion with Moscow.

Other reports by My Hot News

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