As the special counsel investigation into Russian election interference and the Trump campaign marches closer toward its second year, it is worth remembering that banking behemoth Deutsche Bank claimed earlier this year to have evidence of “suspicious transactions” related to President Donald Trump’s son-in-law and senior adviser Jared Kushner’s family real estate business.
Deutsche Bank—a major lender to President Donald Trump and his son-in-law and senior White House advisor Kushner, according to Mother Jones—provided the results to the Federal Financial Supervisory Authority, which is Germany’s bank regulatory agency and referred to as BaFin.
“Achleitner’s internal detectives were embarrassed to deliver their interim report regarding real estate tycoon Kushner to the financial regulator BaFin,” states the Manager Magazin story translated from German to English. “Their finding: There are indications that Donald Trump’s son-in-law or persons or companies close to him could have channeled suspicious monies through Deutsche Bank as part of their business dealings.”
At the time of the report, details surrounding the suspicious transactions were kept under wraps and it appears no further information has emerged; however, the bank viewed the situation as potentially harmful to its image.
“What BaFin will do about [the bank’s findings] is not the bank’s greatest concern,” the German magazine reported. “Rather, it’s the noise that U.S. special counsel Robert Mueller … will make in his pursuit of Trump. For he will likely obtain this information—a giant risk to [the bank’s] reputation.”
This development was not the beginning of Kushner’s trouble with Deutsche Bank dealings:
Federal prosecutors [in December 2017] reportedly subpoenaed the bank for records relating to Kushner Companies, his family-run business. It was not known if the records involve Kushner or are tied to Mueller’s probe into possible collusion between Trump’s campaign and Russians in the presidential election.