Mueller subpoenas bank records in Russian Federation probe

The Deutsche Bank app logo is seen on a smartphone in this

Special Counsel Robert Mueller and his investigators subpoenaed Deutsche Bank for documents related to business with President Trump and members of his family.

The bank rejected demands in June by US House Democrats to provide details of Mr Trump's finances, citing privacy laws.

Specific requests of the bank were not immediately clear but ABC News has previously reported Deutsche Bank loaned the Trump Organization more than $300 million for real estate transactions prior to Trump becoming president.

A USA official with knowledge of Mr Mueller's probe said one reason for the subpoenas was to find out whether Deutsche Bank may have sold some of Mr Trump's mortgage or other loans to Russian state development bank VEB or other Russian banks that now are under U.S. and European Union sanctions.

Mueller's inquiry into alleged Russian election meddling and potential Team Trump involvement in it has moved closer to the President's inner circle since the indictment and guilty plea of disgraced National Security Adviser Michael Flynn. That figure includes a $170-million loan Trump took out to finish a hotel in Washington.

The bank also gave his Trump Int'l Hotel and Tower, Chicago, a loan of up to $640 million, according to a 2012 property filing.

Mr Trump and Deutsche Bank have not always been on good terms.

An internal investigation carried out by Deutsche Bank didn't yield any evidence of connections between the client relationship with Trump and the bank's so-called Russian mirror trades affair, a person briefed on the matter said. Those trades are being investigated in multiple probes in the USA and Europe.

But despite multiple United States media outlets reporting that Mr Mueller's investigation had expanded to include Mr Trump's personal financial records, one of the President's lawyers said that was not the case.

"Deutsche Bank did not contact us regarding people connected with the Trump administration". But the Deutsche Bank subpoena may indicate that the special prosecutor is still looking at a wide range of data, including the president's financial dealings.

Meanwhile, White House attorneys denied the Bloomberg report as well.

As Mueller's investigation unfolds, Trump has gone on the offensive. In particular, Trump hailed the news that one of Mueller's aides had been removed from his job over the summer for some anti-Trump text messages.

On Tuesday morning, Bloomberg reported that special counsel Robert Mueller was taking a look at President Donald Trump's finances.

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