Bloomberg Admits: We Goofed on Trump-Russia

08 December, 2017, 01:35 | Author: Ruben Patrick
  • Deutsche Bank has been one of the few major banks willing to regularly lend to Donald Trump

Special counsel Robert Mueller has issued a subpoena to Germany's largest bank, in a possible sign the investigation into Russian election interference may be expanding toward the finances of President Donald Trump or other individuals under scrutiny by the special counsel.

It was reported earlier that as part of his probe into possible collusion between Russian Federation and the Trump campaign, Mr Mueller asked Deutsche Bank to share data on accounts held by Mr Trump and his family.

Mueller is investigating alleged Russian attempts to influence the 2016 USA presidential election and potential collusion by Trump aides. In fact, the president publically said to ...

"We confirmed that the news reports that the special counsel had subpoenaed financial records related to the president are completely false", Sanders said during the White House's daily press conference. Specific requests of the bank were not immediately clear, but the U.S. media previously reported that Deutsche Bank lent the Trump Organization more than US$300 million for real estate transactions before Trump became president.

But despite multiple U.S. media outlets reporting that Mr Mueller's investigation had expanded to include Mr Trump's personal financial records, one of the President's lawyers said that was not the case.

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Mueller issued a subpoena to Germany's largest lender several weeks ago, forcing the bank to submit documents on its relationship with Trump and his family, according to a person briefed on the matter, who asked not to be identified because the action has not been announced.

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

Earlier this year, Mr Trump said pursuing his personal finances would be a breach of Mr Mueller's role as special counsel.

Trump also has mortgages with the bank on his Trump National Doral Miami golf course and has borrowed off Trump Tower Chicago. That figure includes a $170-million loan Trump took out to finish a hotel in Washington. "Deutsche Bank did not contact us regarding people connected with the Trump administration". The bank sued to force Trump to pay a portion of the debt: $40 million plus legal fees and interest. 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.

In a July 9 interview with the New York Times, Trump said Mueller should not extend his investigation into Trump's finances if they were not directly related to the Russian Federation accusations. Papadopoulos pleaded guilty. Manafort and Gates pleaded not guilty.

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