Mueller to subpoena Trump's Deutsche Bank records

Mueller to subpoena Trump's Deutsche Bank records

Mueller to subpoena Trump's Deutsche Bank records

Special Counsel Robert Mueller and his investigators subpoenaed Deutsche Bank for documents related to business with President Trump and members of his family. "We have confirmed this with the bank and other sources".

"Deutsche Bank always cooperates with investigating authorities in all countries", the bank told Bloomberg in a statement Tuesday that did not provide any additional information.

Mueller's investigation - which is looking into alleged Russian interference into last year's USA election and whether Trump's winning campaign assisted in those efforts - appears to be entering a new phase.

But despite multiple United States media outlets reporting that Mr Mueller's investigation had expanded to include Mr Trump's personal financial records, one of the President's lawyers said that was not the case.

Deutsche is the former real estate mogul's biggest lender and his dealings with the bank were called into question during the election previous year. Trump told the New York Times in July that the special counsel looking into his and his family's finances would cross a red line, so we have officially entered uncharted territory in this investigation.

Many media outlets included the denial from Trump's attorney in their reports, but the idea of his bank being subpoenaed for his financial records makes for far juicier headlines.

Russian Federation has denied USA intelligence agencies' conclusion that it meddled in the election and Mr Trump has said there was no collusion with Moscow. Deutsche has loaned entities associated with the organization around $300 million.

President Trump owes Deutsche Bank over $300 million for real estate deals made prior to becoming president, and now Robert Mueller wants to take a closer look at Trump's accounts with the global megabank.

The corrected report said the bank records "pertain to people affiliated" with Trump.

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

All of those loans were taken out in 2012 and will mature in 2023 and 2024, according to the disclosure.

Deutsche Bank countersued and the two sides eventually settled. But it was not immediately clear what their relationship with the bank is or had been.

When approached about the Dowd comment, the person familiar with the matter reiterated that the bank had received a subpoena.

A spokesman for Manafort declined to comment. The charges were brought as part of Mueller's investigation.

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