Bloomberg Admits: We Goofed on Trump-Russia

Mueller sought records from Deutsche Bank. US media previously reported that Deutsche Bank lent the Trump Organization more than US$300 million
Mueller sought records from Deutsche Bank. US media previously reported that Deutsche Bank lent the Trump Organization more than US$300 million

08 December, 2017

Multiple news outlets, citing an anonymous source or sources, reported that the scandal-ridden special counsel investigation led by Robert Mueller issued a subpoena to Deutsche Bank AG for records regarding President Donald Trump and his family.

German business paper Handelsblatt reported earlier on Wednesday that Mueller had subpoenaed the German lender to hand over financial information about Mr Trump and members of his family.

"Special prosecutor Robert Mueller zeroed in on President Donald Trump's business dealings with Deutsche Bank as his investigation into alleged Russian meddling in USA elections widens", read the lede.

Holding Trump debt, particularly if some of it was or is soon due, could potentially give Russian banks some leverage over the US President, especially if they are state-owned, said a second US official familiar with Russian intelligence methods.

White House press secretary Sarah Huckabee Sanders also said the reports were false. "We have confirmed this with the bank and other sources", Sekulow said in a statement.

No subpoena has been issued or received. We have confirmed this with the bank and other sources,” Jay Sekulow a member of Trump’s legal team said

Deutsche Bank management is ready to share information about the lender's dealings with Trump and is hopeful that doing so will help end the series of inquiries from Democrats, an executive at the bank, who asked not to be identified discussing private deliberations, has previously told Bloomberg News.

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. Others, as you'll see, said that Judicial Watch's Chief Counsel Jay Sekulow was the Trump lawyer who denied this subpoena claims.

Deutsche Bank is not the only Trump-related business interest that is attracting the attention of investigators. In fact, Trump went on, because of the bank's role in creating this "once-in-a-century credit tsunami", Deutsche Bank owed him money, to the tune of $3 billion in damages.

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. Papadopoulos pleaded guilty. Manafort and Gates pleaded not guilty. U.S. investigators are demanding that it provide information on dealings linked to the Trumps, sources familiar with the matter told Handelsblatt.

In a July 9 interview with the New York Times, Trump said Mueller should not extend his investigation into Trump's finances if they were not directly related to the Russian Federation accusations. The charges were brought as part of Mueller's investigation.

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