Trump Deutsche Bank Records Said to Be Subpoenaed by Mueller
Dec 08 2017
Judge Andrew Napolitano said US special counsel Robert Mueller, who is investigating alleged Russian interference in the 2016 election, reportedly subpoenaing Deutsche Bank is risky for President Donald Trump.
The news caused major buzz, as Mueller looking at Trump's financial records, or those of Trump's family, was considered a "red line" to the president, and one not related to Mueller's investigation into alleged Russian hacking during the 2016 presidential campaign. Then there was the day he spent driving around with Aras Agalarov - the Russian oligarch who connected Donald Trump Jr. with a Russian lawyer promising dirt on Hillary Clinton.
However, White House spokeswoman Sarah Sanders rejected reports of a subpoena for Mr Trump-related financial records as "completely false", as did Mr Trump's personal attorney Jay Sekulow.
Deutsche Bank apparently received the subpoena weeks ago, but a spokesman said the bank would not comment on individual cases "out of respect for investigating authorities" and for legal reasons. "We have confirmed this with the bank and other sources".
Regulators were analyzing whether the Trump Organization exposed the bank to risk due to bankruptcies in casino and hotel businesses, CBS reported.
Germany's largest bank received a subpoena from Special Counsel Robert Mueller several weeks ago to provide information on certain money and credit transactions, the person said, without giving details, adding that key documents had been handed over in the meantime.
"We have confirmed that the news reports that the special counsel had subpoenaed financial records relating to the President are false", Mr Sekulow said in a statement.
Instead of targeting Trump or his family's records, the subpoenas were aimed at records that pertain to people or organizations affiliated with the president, according to the corrected stories.
"I think that's a violation", Trump told the paper.
The $300 million includes a $170 million loan Trump took out to complete a hotel in Washington, two mortgages against his Trump National Doral Miami resort, and a loan against his tower in Chicago. 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.
All of those loans were taken out in 2012 and will mature in 2023 and 2024, according to the disclosure. Trump campaign chairman Paul Monafort, his deputy Rick Gates and campaign foreign policy adviser George Papadopoulos have also been charged.
In October, Manafort pleaded not guilty to charges including conspiracy to launder money and conspiracy against the United States.