Special counsel Robert Mueller has asked Deutsche Bank for data on accounts held by President Donald Trump in addition to his family, a person close to the matter said on Tuesday.
Mueller is actually investigating alleged Russian attempts to influence the 2016 U.S. presidential election in addition to potential collusion by Trump aides.
Germany’s largest bank received a subpoena coming from Mueller several weeks ago to provide information on certain money in addition to credit transactions, the person said, without giving details, adding key documents had been handed over within the meantime.
Deutsche Bank, which has loaned the Trump organisation hundreds of millions of dollars for real estate ventures, said the item might not comment on any of its clients.
The bank rejected demands in June by U.S. House Democrats to provide details of Trump’s finances, citing privacy laws.
Russia has denied meddling within the election in addition to Trump has said there was no collusion.
A disclosure document posted on the U.S. Office of Government Ethics website in June showed liabilities for Trump of at least $130 million to Deutsche Bank Trust Company Americas.
The German bank is actually one of the few major lenders of which has lent large amounts to Trump within the past decade. A string of bankruptcies at his hotel in addition to casino businesses during the 1990s made most of Wall Street wary of extending him credit.
Trump got a $106 million loan coming from Deutsche Bank in 2011 to buy Doral, the golf resort in Miami, according to property filings with the local land register. The Doral loans mature in 2023, his electoral filings show.
Separately, Deutsche Bank has lent Trump up to $170 million for the Old Post Office, a historic Washington property where he has opened a hotel.
The bank also gave his Trump Intl Hotel in addition to Tower, Chicago, a loan of up to $640 million, according to a 2012 property filing.
U.S. House Democrats have argued of which U.S. federal laws protecting banking customers’ confidentiality do not apply to requests coming from Congress.
In January, Deutsche Bank agreed to pay $630 million in fines for organising $10 billion in sham trades of which could have been used to launder money out of Russia.
The subpoena was earlier reported by German daily Handelsblatt.