Donald Trump's German bank account info 'requested by Russian links investigation'

Posted December 08, 2017

The Department of Justice is investigating Deutsche Bank's possible role in a $10 billion Russian money laundering scheme (and the bank has already paid out over $670 million in civil penalties to U.S. and United Kingdom regulators this year relating to Russian trades), and it looks like Mueller is digging into any potential connections between that investigation and his inquiry into the Trump camp.

"An earlier subheadline said a subpoena from special counsel Robert Mueller's office requested data and documents about President Trump's accounts".

Mueller is investigating alleged Russian attempts to influence the election, and potential collusion by Trump aides.

"We have confirmed that the news reports that the Special Counsel had subpoenaed financial records relating to the president are false", he told Reuters in a statement.

An internal investigation carried out by Deutsche Bank didn't yield any evidence of connections between the client relationship with Trump and the bank's so-called Russian mirror trades affair, a person briefed on the matter said. "We have confirmed this with the bank and other sources".

The development is significant as Mr Trump received a number of sizable loans from the bank as he sought to build his property empire. The Deutsche subpoenas were sent several weeks ago, according to the Bloomberg report. Others, as you'll see, said that Judicial Watch's Chief Counsel Jay Sekulow was the Trump lawyer who denied this subpoena claims.

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News of the Deutsche Bank subpoena may escalate Trump's vitriol toward investigators, which over the past week has included publicly attacking the Justice Department and the Federal Bureau of Investigation, whose reputation he declared to be " in tatters".

Deutsche Bank for months has rebuffed calls by Democratic lawmakers to provide more transparency over the roughly $300 million Trump owed to the bank for his real estate dealings prior to becoming president. "Deutsche Bank did not contact us regarding people connected with the Trump administration".

Russian Federation has denied interfering in the election and Trump has said there was no collusion. The former real-estate baron has done billions of dollars' worth of business with Deutsche Bank over the past two decades, and First Lady Melania, daughter Ivanka and son-in-law Jared Kushner are also clients.

Trump and Deutsche Bank have not always been on good terms. In an interview this July, Trump told The New York Times that examination of his or his family's finances by Mueller would cross a red line.

Mr. Mueller's investigation has led to charges against former Trump campaign chairman Paul Manafort and his longtime business partner Rick Gates for work unrelated to the campaign.