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Information from German Bank sought on Trump Russia relationship

Posted in World

Published on May 26, 2017 with No Comments

Democrats have asked Deutsche Bank to hand over information concerning any possible ties between accounts relating to President Trump and the Russian government.

The letter from Democrats on the House Financial Services Committee was sent to the bank.  It is signed by Rep. Maxine Waters, D-California, the top Democratic member on the committee, as well as the Democratic vice ranking member and the ranking members of various subcommittees.

The letter also asks for information involving the 2011 “mirror trading” scandal in which $10 billion was laundered out of Russia. Earlier this year, the bank agreed to pay $425 million to settle a New York State investigation into the scheme.

“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,” the letter states. “It is critical that you provide this committee with the information necessary to assess the scope, findings and conclusions of your internal reviews.”

The Democrats write that this review was reportedly undertaken to see if loans to President Donald  Trump were backed by the Russian government, and note that Mr. Trump is estimated to owe the bank some $340 million in unpaid loans.

“Only with full disclosure can the American public determine the extent of the President’s financial ties to Russia and any such impact such ties may have on policy decisions,” the letter states.

The letter is the latest salvo in the ongoing and overlapping investigations into Trump’s alleged ties to the Russian government, and how such ties might connect to suspected Russian interference in the 2016 election. Democrats have repeatedly  requested that President Trump release his tax records in order to  discover more about such a financial relationship, but the president has refused to do so.

 

 

 

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