Published: Tue, December 05, 2017
Worldwide | By Isabel Fisher

Mueller Subpoenas Deutsche Bank For Trump's Financial Records

Mueller Subpoenas Deutsche Bank For Trump's Financial Records

Deutsche Bank has reportedly been subpoenaed by special counsel Robert Mueller to provide information on President Trump's accounts.

Trump's daughter and advisor in the White House, Ivanka Trump, her husband, Jared Kushner, who is also a presidential advisor; and Kushner's mother, Seryl Stadtmauer, are all the clients of the Deutsche Bank.

In June, President Trump disclosed that he owes the bank roughly $130 million.

The special council's probe into the Kremlin's interference in the election has produced charges against four former members of Trump's campaign or administration.

In a statement to CBS News, a Deutsche Bank spokesman said, "Deutsche Bank takes its legal obligations seriously and remains committed to cooperating with authorized investigations into this matter".

-Mr. Mueller is investigating alleged Russian interference in the 2016 USA presidential election and whether Trump aides may have colluded with Russia, Reuters says.

Deutsche Bank, which has loaned the Trump Organization millions of dollars for real estate investments, refused to share Trump's financial information with U.S. House Democrats in June. Russian Federation has denied meddling repeatedly and Trump has denied all allegations of collusion. A string of bankruptcies at his hotel and casino businesses during the 1990s made most of Wall Street wary of extending him credit. The Doral loans mature in 2023, his electoral filings show.

In January, Deutsche Bank agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russian Federation.

German business paper Handelsblatt first reported the supoena, confirmed by Reuters through an anonymous source close to the matter.

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