The New York Attorney General’s office is inspecting links between
Deutsche Bank and Investors Bank and various Trump Organization projects, the
New York Times reported. A Subpoena was issued by the Attorney General’s Office
to the banks on Monday, opening a new investigation into Deutsche Bank’s
relationship with Trump, the newspaper said, citing an unidentified source.
The Democratic Intelligence Committee and the Congressional Financial
Services Committee investigated the finances of the Republican president and
his companies, including their ties to Deutsche, one of the world’s biggest
financial institutions. Deutsche Bank has lent hundreds of millions of dollars
to the Trump Organization for real estate projects and is one of the few major
lenders to provide substantial lending to Trump after a series of bankruptcies
in its hotels and casinos in the 1990s. The investigators also managed to get
records that might have a fair connection with a failed attempt to purchase the
bill. Trump has also presented statements of personal finances to Deutsche
banks, back in 2014, when intended to place a bid for the team.
The newspaper said the new Deutsche civilian investigation was
fueled by the testimony of former Trump lawyer Michael Cohen last month. Cohen
testified that Trump raised the declared value of its assets in the financial
statements. The former lawyer provided copies of the statements he claimed had
been provided to Deutsche. Investors Bank has been called for documents related
to Trump Park Avenue, a project he has backed, as per the report.
Neither the New York Attorney General’s office nor Trump’s
representatives were accessible for comment on Tuesday. Neither representatives
of Investors banks nor Deutsche Bank could be contacted.
The House Intelligence Committee, In Congress, has been digging
every real estate transaction that has a link to Russia or other foreign
interests. This also comprises loan sanctions by Deutsche Bank to Trump.