Special Counsel Robert Mueller has asked Deutsche Bank to share data on accounts held by U.S. President Donald Trump and his family, a person close to the matter said on Tuesday.
Germany’s largest bank received a subpoena from Mueller several weeks ago to provide information on certain money and credit transactions, the person added, confirming a report by German daily Handelsblatt published on Tuesday.
Deutsche Bank, which has loaned the Trump organization millions of dollars for real estate ventures, said it would not comment on any of its clients.
Germany’s largest bank received a subpoena from special counsel Mueller several weeks ago
Deutsche Bank rejected demands in June by U.S. House Democrats to provide details of Trump’s finances, citing privacy laws.
Mueller is investigating alleged Russian attempts to influence the 2016 U.S. presidential election and potential collusion by Trump aides.
Russia has denied meddling in the election and Trump has said there was no collusion.
The bank told CBS News: ‘Deutsche Bank takes its legal obligations seriously and remains committed to cooperating with authorized investigations into this matter.’
The New York Times has reported that bank regulators were reviewing hundreds of millions dollars worth of loans that Donald Trump’s businesses had with Deutsche Bank, Germany’s largest.
Former FBI Director Robert Mueller, special counsel on the Russian investigation, leaves following a meeting with members of the US Senate Judiciary Committee at the US Capitol in Washington, DC on June 21, 2017
The Frankfurt banking district in the Blue Hour. The picture shows the head office of Deutsche Bank AG
Regulators were analyzing whether the Trump Organization exposed the bank to risk due to bankruptcies in casino and hotel businesses, CBS reported.
Trump has more debt with Deutsche Bank than any other lender.
According to Bloomberg, he owes the bank about $300 million. The lion’s share, a $170-million loan, relates to the luxury hotel the Trump Organization opened in Washington, D.C. inside the refurbished Old Post Office building.
Trump also has mortgages with the bank on his Trump National Doral Miami golf course and has borrowed off Trump Tower Chicago.
Trump’s debt to Deutsche Bank includes a $170-million loan related to his luxury hotel in Washington, D.C.
Trump also has mortgages with the bank on his Trump National Doral Miami golf course (pictured) and has borrowed off Trump Tower Chicago
Former Trump national security adviser Michael Flynn leaves federal court in Washington, Friday, Dec. 1, 2017. Flynn pleaded guilty Friday to making false statements to the FBI, the first Trump White House official to make a guilty plea so far in a wide-ranging investigation led by special counsel Robert Mueller
George Papadopoulos, a Trump campaign foreign policy adviser pleaded guilty to making false statements to FBI agents
Word of the subpoena comes just days after former White House national security advisor Michael Flynn pleaded guilty to lying to FBI investigators about his contacts with Russia’s ambassador to the U.S.
Mueller has also obtained a guilty plea from Trump campaign foreign policy advisor George Papadopoulos. Two other Trump figures, former campaign chair Paul Manafort and Rick Gates, have been arrested on money laundering charges.
Trump told the New York Times this past summer he would consider it a ‘violation’ if Mueller were to expand the probe beyond Russia.