US Special Counsel Mueller's office has spent $3.2m since May

06 December, 2017, 00:54 | Author: Malcolm Fuller
  • Getty Images

Special Counsel Robert Mueller was said to have subpoenaed Deutsche Bank for the release of Trump's medical records.

It said investigators wanted information on certain money and credit transactions, and that key documents had already been handed over.

The heat on the investigation of President Trump's finances has just been cranked up even further.

In May, Deputy Attorney General Rod Rosenstein appointed Mueller to serve as special counsel for the Justice Department, and to oversee the investigation into "any links and/or coordination between Russian government and individuals associated with the campaign of President Donald Trump, and any matters that arose or may arise directly from the investigation".

Although the expenditures that took place between mid-May and September 30 for the special counsel's operations are relatively low compared with what many had anticipated, they could provide additional fodder for Republicans who have been critical of Mueller's work.

Trump's relationship with Deutsche Bank stretches back some two decades and the roughly $300 million he owes to the bank represents almost half of his outstanding debt, according to a July 2016 analysis compiled by Bloomberg news agency.

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Donald Trump and his family have long-standing ties to Germany's largest bank.

According to media reports, Mr. Trump owed Deutsche Bank as much as $340 million (€286.5 million) at one point, though considerable restructuring appears to have brought down that amount. Deutsche Bank may be glad it's being forced to hand over information. The Doral loans mature in 2023, his electoral filings show.

Deutsche Bank faces questions about a series of so-called Russian mirror trades, in which it allegedly helped Russian clients move money out of the country.

Trump borrowed $640m in 2005 from the bank to build Trump International Hotel & Tower in Chicago.

U.S. House Democrats have argued that U.S. federal laws protecting banking customers' confidentiality do not apply to requests from Congress.

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