Deutsche Bank subpoenaed to provide Trump accounts' data

Deutsche Bank subpoenaed to provide Trump accounts' data

Deutsche Bank subpoenaed to provide Trump accounts' data

A lawyer for President Donald Trump says it's not true that special counsel Robert Mueller has subpoenaed financial records relating to the president. "No subpoena has been issued or received".

Trump's relationship with Deutsche Bank stretches back some two decades and the roughly $300 million he owes to the bank represents almost half of his outstanding debt, according to a July 2016 analysis compiled by Bloomberg news agency.

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The Guardian, citing German newspaper Handelsblatt, reported that the bank has since cooperated with the request and handed over banking records to investigators.

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. In 2008 Trump sued the bank to get out of $40 million in guarantees he had made them on his loan.

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While Trump campaigned during the 2016 election, the bank rejected calls to be transparent about exactly how much money Trump owes and why.

Mr Mueller is investigating claims of collusion between Trump's aides and Russian officials while also probing Moscow's influence in the USA presidential election which brought Trump, the billionaire businessman into power. The president's financial records could potentially show whether Trump owes or has received money from suspects connected to Russian Federation.

Mueller's spending "is entirely reasonable given the results we've already seen", Senator Dianne Feinstein of California, the top Democrat on the Judiciary Committee which is conducting its own investigation, said in a statement.

Mueller III spent $3.2 million in the first 4½ months of his investigation into whether anyone from President Trump's team helped Russian interference with last year's presidential campaign. It is not clear whether the investigation has Trump's tax returns, but Mueller is authorized to access such documents.

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