The New York Attorney General’s Office is looking for ties between Investors Bank and Deutsche Bank and several projects by Donald Trumps’ organization, reports source.
On Monday, the Attorney General’s office has issued subpoenas to the banks that open an additional line of inquiry into Deutsche Banks, which are dealing with President Trump, reports an unnamed source.
The Financial Services Committee and Democratic-controlled Intelligence Committee in Congress have been exploring the finances of the Republican President and also his business, which also includes his ties to Deutsche, is considered as one of the world’s largest financial organizations.
Earlier, Deutsche Bank has lent organization of Trump with hundreds of millions of dollars for real estate ventures and is considered as one of the few major lenders, which offers large amounts of credit to the US President after a state of bankruptcies at his casino and hotel during the 1990s.
The newspaper reports that the new civil probe into Deutsche was provoked by congressional testimony in February of President Trump’s former Personal Attorney Michael Cohen.
Cohen reports that the US President Donald Trump has inflated the stated worth of his assets in the financial statements. The former Personal Attorney had submitted copies of statement that he claims have been given to Deutsche.
Meanwhile, Investors Bank was subpoenaed for records linked to Trump Park Avenue, the project that it had backed for years, informed source.
Neither representatives of Donald Trump neith the New York Attorney General’s Office was available for comment on Tuesday. And representatives of Investors Bank could not immediately be reached as well.
A spokesperson of Deutsche Bank in Frankfurt has also declined to comment.