August 21, 2019

House Democrats subpoena Deutsche Bank in Trump investigation

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House Democrats on Monday issued a subpoena to the German lender Deutsche Bank seeking information on President Donald Trumps finances, a major escalation of their investigation into his business dealings.

In addition to the Deutsche Bank subpoena, House Democrats subpoenaed other banks — including JPMorgan Chase, Bank of America and Citigroup — seeking information on Russian money laundering. The issuance of the subpoenas was first reported by the New York Times.

Democrats were expected to issue additional subpoenas targeting Trumps finances soon, Democratic aides said.

The House intelligence and financial services committees are ratcheting up their coordinated investigations into Trumps business dealings as the Justice Department prepares to release findings from special counsel Robert Muellers probe on Thursday.

“As part of our oversight authority and authorized investigation into allegations of potential foreign influence on the U.S. political process, the House intelligence committee today issued subpoenas to multiple financial institutions in coordination with the House financial services committee, including a friendly subpoena to Deutsche Bank, which has been cooperative with the committees,” said Representative Adam Schiff (D-Calif.), the House intelligence chairman. “We look forward to their continued cooperation and compliance.”

Representative Maxine Waters (D-Calif.), chairwoman of the financial services committee, said in a statement that the potential use of the U.S. financRead More – Source