Huckabee Sanders Vindicated: Bloomberg and WSJ Walk Back Deutsche Bank Subpoena Story

Share

Robert Mueller, the special counsel investigating President Donald Trump's campaign's ties to Russian Federation, reportedly subpoenaed Deutsche Bank for data on accounts held by Trump and his family.

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 worldwide megabank.

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.

Sarah Huckabee Sanders, the White House press secretary, insisted the Bloomberg report was wrong at her Tuesday press briefing.

According to media reports, Mr. Trump owed Deutsche Bank as much as $340 million (€286.5 million) at one point, though considerable restructuring appears to have brought down that amount.

"Several news outlets-including Bloomberg-reported yesterday that the subpoena targeted Trump and his family's bank records, which was disputed by Trump's personal lawyer and the White House", the new Bloomberg story acknowledges.

It's not clear who Mueller is targeting or whether other members of Trump's campaign team under scrutiny by the special counsel may also have had business connections to Deutsche Bank. A source close to the matter said that Germany's biggest bank had received a subpoena from Robert Mueller's team for documents related to its dealings with the US President and had already begun to provide them.

More news: Kennedy a Toss-Up in Masterpiece Cakeshop Case
More news: Trump Withdraws US From UN Migrant And Refugee Compact
More news: Twitter reacts to Greg Schiano becoming the Vols next football coach

"An earlier subheadline said a subpoena from special counsel Robert Mueller's office requested data and documents about President Trump's accounts".

A source close to Deutsche Bank said the bank had run checks on Trump's financial dealings with Russian Federation.

Jay Sekulow, one of Trump's personal lawyers, denied anything of the sort.

Mueller sought records from Deutsche Bank. "Deutsche Bank did not contact us regarding people connected with the Trump administration".

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

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.

Deutsche Bank is not the only Trump-related business interest that is attracting the attention of investigators. And the other line is Deutsche New York's extraordinary lending to Trump. 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. A second source familiar with the investigation said that the subpoena was linked to Mr Trump's indicted former campaign chairman Paul Manafort.

Share