A source has told major media outlets that Deutsche Bank has been subpoenaed for information on accounts held by President Donald Trump’s family.
Deutsche Bank is a global banking and financial services company based out of Frankfurt, Germany. Public disclosures show the bank has lent more than $300 million to entities affiliated with Trump, according to the Wall Street Journal. Reuters reported that the bank was one of the few major lenders to give large amounts of credits to Trump after a string of hotel and casinos and bankruptcies he suffered during the 1990s.
Special Counsel Robert Mueller has been investigating alleged attempts by Russia to influence the election as well as possible collusion by Trump aides. Trump has repeatedly denied his campaign in any way colluded with Moscow and Russions have denied U.S. intelligence agencies’ conclusion that the country meddled in the 2016 elections.
A U.S. official close Russia investigation told Reuters that Mueller may have subpoenad Deutsche Bank to find out whether it sold some of Trump’s loans to Russion state development bank VEB or other Russian banks now under U.S. and European Union sanctions. Holding that kind of debt could potentially give Russian banks leverage over Trump, Reuters reported.