House Democrats Ask Deutsche Bank If Trump Accounts Have Russia Ties
by Tyler Durden
ZeroHedge.com
May 24, 2017
In the aftermath of prior media reports that in the past Deutsche Bank provided hundreds of millions in loans to Trump, today Democratic lawmakers – looking for a smoking gun- asked Germany’s largest bank to hand over its findings on “two politically charged matters”, demand details whether Trump accounts have Russia ties, and if Deutsche Bank loans to Trump were backed by Russia.
From the letter:
We write seeking information relating to two internal reviews reportedly conducted by Deutsche Bank (“Bank”): one regarding its 2011 Russian mirror trading scandal and the other regarding its review of the personal accounts of President Donald Trump and his family members held at the Bank. What is troubling is that the Bank to our knowledge has thus far refused to disclose or publicly comment on the results of either of its internal reviews. As a result, there is no transparency regarding who participated in, or benefited from, the Russian mirror trading scheme that allowed $10 billion to flow out of Russia. Likewise, Congress remains in the dark on whether loans Deutsche Bank made to President Trump were guaranteed by the Russian Government, or were in any way connected to Russia. It is critical that you provide thisCommittee with the information necessary to assess the scope, findings and conclusions of your internal reviews.
Along with the internal review of the Russian stock-trading scheme, Democrats are seeking any internal correspondence and communications related to loans extended to Trump and his immediate family members. The bank has made more than $300 million in loans to Trump, for the Doral golf resort in Florida, a Washington, D.C., hotel and a Chicago tower.
“Deutsche Bank’s pattern of involvement in money laundering schemes with primarily Russian participation, its unconventional relationship with the President, and its repeated violations of U.S. banking laws over the past several years, all raise serious questions about whether the Bank’s reported reviews of the mirror trading scheme and Trump’s financial ties to Russia were sufficiently robust,” the lawmakers wrote in the letter.
The letter, which asks Deutsche Bank to respond by June 2, also asks whether the bank’s loans to Trump, made years before the New York developer ran for president, “were guaranteed by the Russian government, or were in any way connected to Russia.”
The Rest…HERE
