Will other probes follow?

About three hours ago, the Guardian published an article on its website stating the Deutsche Bank examined accounts of Trump, as well as his family members including the mother of his son-in-law.

The bank, which itself is under investigation, loaned millions of US Dollars to Trump. The reason to investigate various Trump-related accounts: “… looking for evidence of whether recent loans to Trump, which were struck in highly unusual circumstances, may have been underpinned by financial guarantees from Moscow”.

The bank is being investigated for helping Russian money-laundering.

However, no evidence seems to have been found regarding a possible underpinning of Trump’s loans by Russian clients. Deutsche Bank was the only bank willing to lend Trump large sums of money, after his businesses failed four times. According to the Guardian the bank also has Trump’s daughter Ivanka, her husband Jared Kushner, and Kushner’s mother Seryl Stadtmauer as clients.

It is not so much the fact that Deutsche Bank examined several accounts which comes as a surprise, but the second article by Luke Harding and Nick Hopkins (Trump became DB biggest headache, see link below), which is a shocking revelation on how the current US president conducts business. Though it is not too surprising, after watching his style of leading his country. This article should be read by various politicians and world leaders, contemplating deals and treaties with the US while Trump and his family, friends, cronies are in charge.

Guardian: Deutsche Bank examined
Guardian, Luke Harding & Nick Hopkins: How Donald Trump became Deutsche Bank’s biggest headache

 

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About Kate

Multilingual blogger, columnist, writer, translator. 2014 winning columnist Gentse Schrijversdagen, Gand, Belgium.
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