Mueller's Russia probe cost his office $3.2 mln in first four months

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"We have confirmed that the news reports that the Special Counsel had subpoenaed financial records relating to the president are false", lawyer Jay Sekulow said in a statement.

Why is Deutsche Bank so important?

The first four and a half months of the probe comes with a price tag of more than $6.7 million, according to Fox News.

Deutsche Bank has paid hundreds of millionsdollars in finesto regulators for its involvement in money laundering and other financial crimes, which the lawmakers cited in their request for details about what the bank knows about its dealings with the Trumps.

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The president's financial disclosure of June 16 reported $130 million in debt, a figure the bank has not publicly confirmed. He also has two mortgages against his Trump National Doral Miami resort and a loan against his tower in Chicago. Those people include Mueller himself, Jeannie Rhee, James Quarles and Aaron Zebley, who left the law firm Wilmer Hale with Mueller in May, and Greg Andres, the prosecutor who left the law firm Davis Polk in August and is co-leading the case against former Trump campaign chair Paul Manafort and his deputy Rick Gates. Deutsche has loaned entities associated with the organization around $300 million. Moreover, Deutsche Bank has recently clashed with US regulators over its involvement with the 2008 financial crisis, and, yes, its business dealings with Russian Federation.

In the summer of 2016, the New Yorker detailed how Deutsche Bank was involved with a complex scheme to move as much as $10 billion out of Russian Federation on behalf of powerful individuals facing sanctions in the West.

It is now under investigation by the Department of Justice for an alleged scheme where it did not stop wealthy Russians from laundering $10 billion out of Moscow.

Asked in July if Mueller would be crossing a "red line" should the investigation veer into examining his finances, Trump told The New York Times, "I would say yeah". It is not clear why. He said that no subpoena had been received by the bank and that no records had been turned over to Mueller as a result.

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"No-one from the VTB Group representatives has received a subpoena because there are absolutely no grounds for it", a bank representative said in response to a request from Reuters.

There is no public indication of precisely why Mueller subpoenaed the bank.

Deutsche Bank has been one of the few major banks willing to regularly lend to Trump, who alienated large banks in NY with his past financial troubles. "The source of the money would be invisible to Trump, at least theoretically invisible to Trump". Over the years, I've looked at maybe doing a deal in Russian Federation, but I never did one. "That's probably what Mueller is trying to find out".

Donald Trump's lawyer has dismissed claims that US Special Counsel Robert Mueller had demanded to see data on bank accounts held by the President and his family. When asked how he would respond if Mueller indeed ventured beyond the boundaries outlined by Trump, though, the president was ominously coy.

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