Bloomberg Corrects Bombshell Trump Bank Records Story

Camille Rivera
December 8, 2017

Donald Trump's banking records have been handed to special counsel Robert Mueller who is investigating alleged collusion between the president's campaign team and Russian Federation. The subpoena is part of a probe by special counsel Robert Mueller and his team to determine whether the president's campaign was involved in Russian efforts to influence the United States election.

Trump's lawyer denied a subpoena had been issued.

"We confirmed that the news reports that the special counsel had subpoenaed financial records related to the president are completely false", Sanders said during the White House's daily press conference.

A USA official with knowledge of Mr Mueller's probe said one reason for the subpoenas was to find out whether Deutsche Bank may have sold some of Mr Trump's mortgage or other loans to Russian state development bank VEB or other Russian banks that now are under U.S. and European Union sanctions.

Deutsche Bank provided millions of dollars to the Trump Organisation's businesses in the early 2000s when it was spurned by U.S. lenders.

Special counsel Robert Mueller has issued a subpoena to Germany's largest bank, in a possible sign the investigation into Russian election interference may be expanding toward President Trump's finances.

Mueller issued a subpoena to Germany's largest lender several weeks ago, forcing the bank to submit documents on its relationship with Trump and his family, according to a person briefed on the matter, who asked not to be identified because the action has not been announced.

However Trump's legal team disputed reports the subpoena is related to the president.

Most interesting of all, though, is what Harding goes on to detail: Around the same time Deutsche Bank's private wealth division was granting these extraordinary loans to Trump, business in the the bank's new Moscow branch was booming, thanks to the fact that it owned basically all of the business of Vneshtorgbank, or VTB - the Kremlin bank.

According to Bloomberg, he owes the bank about $300 million. In an interview this July, Trump told The New York Times that examination of his or his family's finances by Mueller would cross a red line. The lion's share, a $170-million loan, relates to the luxury hotel the Trump Organization opened in Washington, D.C. inside the refurbished Old Post Office building. I think that's a violation.

Trump and Deutsche Bank have not always been on good terms.

Mr Trump sued the bank and other lenders in 2008, demanding $US3 billion ($3.9 billion) in damages, claiming they broke agreements in the construction and financing of a Chicago hotel.

The bank declined to comment on whether Manafort is or has ever been a client. The charges were brought as part of Mueller's investigation.

Other reports by VideoGamingPros

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