News reports that Deutsche Bank is looking at evidence that companies related to Jared Kushner may have made “suspicious” transactions came out of Manager Magazine, part of the Der Spiegel group, on Friday. The story is part of Special Counsel Robert Mueller’s Russian probe, but so far, it’s only a vague account using anonymous German sources.
Reports about Mueller’s interactions with the German bank first appeared in December, when German newspaper Handelsblatt said the special counsel had subpoenaed information from the Frankfurt-based Deutsche Bank, which also has offices in New York.
The bank has reportedly informed a national finance supervisor about the transactions and will also inform Mueller’s investigation.
According to the report:
Trump himself has done extensive business with Deutsche, and acknowledged having $130 million in debts to the bank last year that the Financial Times reported were closer to $300 million.
His lawyer dismissed the subpoena reports, however, and said no subpoena had been issued for “financial records relating to the President.”
Sources close to the AFP and Wall Street Journal said respectively afterward the subpoenas could be tied to former Trump campaign chief Paul Manafort and disgraced national security adviser Michael Flynn.
Flynn pleaded guilty to lying to investigators about his contacts with Russians, and Manafort faces money laundering charges from Mueller.
Kushner Companies has done major business with Deutsche Bank, including a $285 million loan in 2016 related to its property in the former New York Times building in Manhattan.