Deutsche Bank, Donald Trumps biggest lender, is forced to submit documents after special attorney issues subpoena
Donald Trump's banking information has formally been turned over to Robert Mueller, the special attorney who is investigating whether the president's campaign conspired with the Kremlin during the 2016 presidential election.
Deutsche Bank, the German bank that serves as Trump's biggest lender, was forced to submit documents about its client relationship with the president and some of his family members, who are also Deutsche clients, after Mueller issued the bank with a subpoena for info, according to media reports. The news was first reported by Handelsblatt, the German newspaper.
The revelation makes it clear that Mueller and his squad are analyse the president's finances. Trump's son-in-law and White House adviser, Jared Kushner, is another client.
Deutsche Bank declined to comment, but told Bloomberg in a statement that it always cooperated with investigating authorities.
Jay Sekulow, a lawyer for Trump, denied the report, telling Reuters:” No subpoena has been issued or received. We have confirmed this with the bank and other sources .”
Deutsche Bank declined to comment on Sekulow's statement. But Adam Schiff, the top Democrat on the House intelligence committee, which is investigating the Trump campaign, said Mueller's reported subpoena of Deutsche Bank” would be a very significant developing “.
” If Russia laundered fund through the Trump Organization, it would be far more compromising than any salacious video and could be used as leveraging against Donald Trump and his associates and family ,” Schiff said in a statement. He was referring to a private investigator's unsubstantiated allegation that the Kremlin had video proof of the president's involvement in a salacious sex act.
Schiff also noted that the president's son, Donald Trump Jr, has stated in the past that the Trump Organization received substantial funding from Russia and that there have been” believable allegations” that Russians have utilized the company to buy Trump properties for the purpose of money laundering.
Legal experts who are following the investigation said it presented Mueller was ” following the money” in his search for possible links between the presidential campaign and the Kremlin.
It noted that any investigation into Trump personally may not be limited to the question of whether or not the president sought to obstruct justice when he fired the former FBI chief James Comey.
Instead, said Ryan Goodman, a New York law professor and former Pentagon counsel, it showed that Mueller was possibly examining whether the president is likely to be compromised by Russian interests.
” Deutsche Bank relates to the Russia collusion investigation ,” Goodman said.
He pointed to the bank's known relationships with Russian oligarchs and its previous dealings in Moscow among reasons why Mueller would be interested in having access to Trump's bank account. The president was in the past loaned about $300 m by the bank. His indebtedness, Goodman said, means that Mueller will want to examine if there are any the linkages between Russia and the president's financial vulnerabilities.