Mueller subpoenas Deutsche Bank over loans to Trump

Frederick Owens
December 7, 2017

A German business newspaper is reporting that special counsel Robert Mueller has subpoenaed records from Deutsche Bank as part of his investigation into possible Russian involvement in the US presidential election campaign.

The bank, which Trump reportedly owed $300 million for his real estate business dealings, had previously rejected calls for more information about how it worked with the entrepreneur-turned-executive.

Mueller is investigating Russian attempts to influence the 2016 US election and any possible collusion by Trump associates.

Representative Maxine Waters of California and other Democrats have asked whether the bank's loans to Trump, made years before he ran for president, were in any way connected to Russian Federation.

"Deutsche Bank always cooperates with investigating authorities in all countries", the lender said in a statement to Bloomberg on Tuesday, declining to provide additional information.

In the months since Robert Mueller began sniffing around the White House for evidence of electoral misbehavior, President Donald Trump has watched warily to see whether the special counsel would sift through his personal finances.

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The White House has denied that President Donald Trump's financial records had been subpoenaed from Deutsche Bank by the special prosecutor examining allegations of Russian election meddling.

A USA official with knowledge of Mr Mueller's probe said one reason for the subpoenas was to find out whether Deutsche Bank may have sold some of Mr Trump's mortgage or other loans to Russian state development bank VEB or other Russian banks that now are under U.S. and European Union sanctions.

When approached about the Dowd comment, the person familiar with the matter reiterated that the bank had received a subpoena. Above, a Deutsche Bank building in London.

Mr Mueller is investigating claims of collusion between Mr Trump and Russian Federation.

Much of the investigation so far has focused on contacts between officials in the Trump campaign and transition with Russian officials and representatives. The bank has settled U.S. and United Kingdom investigations into how it helped Russian clients move money out of the country, but a settlement with the U.S. Department of Justice is still outstanding.

Special Counsel Robert Mueller departs Capitol Hill after briefing members of the U.S. Senate on his investigation in Washington, June 21, 2017.

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