The special counsel investigation into possible coordination between President Donald Trump's campaign and Russian Federation during the 2016 presidential election has cost more than $6.7 million so far, according to a financial report released Tuesday.
Multiple news outlets, citing an anonymous source or sources, reported that the scandal-ridden special counsel investigation led by Robert Mueller issued a subpoena to Deutsche Bank AG for records regarding President Donald Trump and his family.
Mueller's investigation - which is looking into alleged Russian interference into last year's US election and whether Trump's winning campaign assisted in those efforts - appears to be entering a new phase.
An internal investigation carried out by Deutsche Bank didn't yield any evidence of connections between the client relationship with Trump and the bank's mirror trades affair, a person briefed on the matter said.
In a statement, the bank said it cooperates with official investigators but would not discuss individual cases. Dianne Feinstein of California, the top Democrat on the Judiciary Committee which is conducting its own investigation, said in a statement. While some critics of the anti-Trump camp are calling the reports about the Trump finances subpoena "fake news", it isn't fake as much as it might be a half-truth. Over the years, the bank's cumulative loans to Trump added up to billions, and loans originally worth $300 million remain outstanding.
Trump and Deutsche Bank have not always been on good terms.
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Fifty people were injured in a collision between two trains near Düsseldorf, Germany, on Tuesday night, federal police said. The accident happened at around 7:30pm near the station of Meerbusch-Osterath, state rail operator Deutsche Bahn said.
Trump had liabilities of at least $130 million to Deutsche Bank Trust Company Americas, a unit of the German bank, according to a federal financial disclosure form released in June by the U.S. Office of Government Ethics.
The heat on the investigation of President Trump's finances has just been cranked up even further. Law professor Ryan Goodman suggests that Mueller could be trying to determine if Trump's loans from the bank were guaranteed by Russian interests, which could mean he was indebted to them in ways that could compromise him. He said that no subpoena had been received by the bank and that no records had been turned over to Mueller as a result.
Interested in Russia Investigation?And it claimed none of them were "persuasive".
At this point, we don't know exactly what Mueller is looking for in the Deutsche Bank records. Starr's predecessor, Robert Fiske, spent an additional $6 million investigating the Clintons' involvement in the Whitewater real estate deal, according to a May 1999 GAO report.
The bank declined to comment on whether Manafort is or has ever been a client.
In October, Manafort pleaded not guilty to charges including conspiracy to launder money and conspiracy against the United States. Trump likely didn't commit obstruction in the legal sense in firing Comey, but he'd be clearly committing obstruction in the political sense if he fired Mueller now.