The Russian link – again

While France now seems to have its very own Russian scandal, the UK is also being treated to daily revelation about a Russian-linked scandal. UK bank – and undoubtedly others – were used to launder Russian money.


One of the banks, as mentioned in previous posts, was Deutsche Bank. So today, Wednesday the 22nd of March 2017, Guardian journalists dished out an article on their paper’s website screaming “Bank that lent $300m to Trump linked to Russian money laundering scam”.

That Deutsche Bank lent money to Trump – the huge Guardian surprise – hit the headlines in January or February, perhaps even earlier.

Never mind: the Guardian can now reveal – yes that is the articles first proper sentence, after a couple of screaming headers – the Guardian can now reveal that Deutsche Bank which “… loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin.

The Guardian has been publishing on the money laundering seriously since the start of this week. Some days saw several articles being published on the Guardian website about the international money laundering.

According to the media and Deutsche Bank itself, the bank investigated the various accounts of various Trump family members, Trump himself, Ivanka Trump’s mother-in-law.According to Deutsche Bank and as reported by the media: no link was (yet?) discovered between these accounts and Moscow.

It is unclear if just one part of Deutsche Bank was investigated. The one where the family has its accounts. The bank has another branch, which continues to lend money to Trump. It is this branch which seems to have been involved in what is now dubbed the Global Laundromat Scheme.

One suspects this Russian story will have several future episodes. For it remains unclear how deep the investigation went, into the various Trump accounts. What did surface in the media earlier this year, were those odd loans to Trump by Deutsche Bank.

Guardian: Trump’s money lender linked to Russian money laundering scam
Guardian: Russia hindering money laundering investigation

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About Kate

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