Deutsche Bank gets subpoena from Mueller on Trump accounts: source




  • In US
  • 2017-12-05 14:31:53Z
  • By Reuters
Special Counsel Robert Mueller departs after briefing the U.
Special Counsel Robert Mueller departs after briefing the U.  

FRANKFURT (Reuters) - U.S. Special Counsel Robert Mueller has asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

Mueller is investigating alleged Russian attempts to influence the 2016 U.S. presidential election and potential collusion by Trump aides.

Germany's largest bank received a subpoena from Mueller several weeks ago to provide information on certain money and credit transactions, the person said, without giving details, adding key documents had been handed over in the meantime.

Deutsche Bank, which has loaned the Trump organization hundreds of millions of dollars for real estate ventures, said it would not comment on any of its clients.

The bank rejected demands in June by U.S. House Democrats to provide details of Trump's finances, citing privacy laws.

Russia has denied meddling in the election and Trump has said there was no collusion.

A disclosure document posted on the U.S. Office of Government Ethics website in June showed liabilities for Trump of at least $130 million to Deutsche Bank Trust Company Americas.

The German bank is one of the few major lenders that has lent large amounts to Trump in the past decade. A string of bankruptcies at his hotel and casino businesses during the 1990s made most of Wall Street wary of extending him credit.

Trump got a $106 million loan from Deutsche Bank in 2011 to buy Doral, the golf resort in Miami, according to property filings with the local land register. The Doral loans mature in 2023, his electoral filings show.

Separately, Deutsche Bank has lent Trump up to $170 million for the Old Post Office, a historic Washington property where he has opened a hotel.

The bank also gave his Trump Int'l Hotel and Tower, Chicago, a loan of up to $640 million, according to a 2012 property filing.

U.S. House Democrats have argued that U.S. federal laws protecting banking customers' confidentiality do not apply to requests from Congress.

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 Russia.

The subpoena was earlier reported by German daily Handelsblatt.

(Reporting by Arno Schuetze and Tom Bergin; Editing by Keith Weir and Mark Potter)

COMMENTS

More Related News

Pressure turns to Mexico as migrant caravan heads for border
Pressure turns to Mexico as migrant caravan heads for border
  • World
  • 2018-10-18 23:41:59Z

GUATEMALA CITY (AP) - As some 3,000 Hondurans made their way through Guatemala, attention turned to Mexico, after U.S. President Donald Trump threatened Thursday to close the U.S.-Mexico border if authorities there fail to stop them - a nearly unthinkable move that would disrupt hundreds of thousands

Kelly, Bolton Get in Profane Shouting Match Outside the Oval Office
Kelly, Bolton Get in Profane Shouting Match Outside the Oval Office

The chief of staff, John Kelly, and the national security adviser, John Bolton, fought over immigration and border crossings, including the performance of the Homeland Security Department under Secretary Kirstjen Nielsen, one person familiar with the matter said.

Trump Threatens To Order Military To 'Close Our Southern Border' Over Immigration
Trump Threatens To Order Military To 'Close Our Southern Border' Over Immigration

President Donald Trump on Thursday threatened to shut the U.S.-Mexico border,

Trailing in polls, O
Trailing in polls, O'Rourke lays into Cruz in Texas debate

SAN ANTONIO (AP) - Democrat Beto O'Rourke abandoned his usual message of unity and optimism and laid into Ted Cruz, hoping to reverse polls that show him fading against the Republican incumbent during the second debate of a Texas Senate race that has become one of the nation's most closely watched

Trump tells AP he won
Trump tells AP he won't accept blame if GOP loses House

WASHINGTON (AP) - Facing the prospect of bruising electoral defeat in congressional elections, President Donald Trump said Tuesday that he won't accept the blame if his party loses control of the House in November, arguing his campaigning and endorsements have helped Republican candidates.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.