As part of a broad effort to prevent suspicious monetary transactions, Paul Achleitner, board chairman of Deutsche Bank, recently called for an internal investigation into the bank’s accounts. The investigation found that some accounts have a history of “suspicious transactions”.
Jared Kushner is the son in law of President Donald Trump, and inexplicably, Trump’s Senior White House Advisor. Deutsche Bank has a long history of doing business with Trump and Kushner.
The bank has handed over the evidence that was discovered to BaFin, which is the German equivalent of our country’s FDIC. German sources in Manager Magazin said, “Achleitner’s internal detectives were embarrassed to deliver their interim report regarding real estate tycoon Kushner to the financial regulator BaFin.”
Deutsche Bank has a history of problems with Donald Trump. In November 2008, an attorney for the bank wrote the Supreme Court of New York concerning a loan Trump accepted from the bank in 2005 for $640 million. The loan was supposedly for construction of a new hotel in Chicago.
Unsurprisingly, Trump defaulted on the loan while he still owed $330 million in payments. Deutsche Bank was seeking an immediate payment of $40 million and legal fees.
The ever-litigious Trump filed a counter-suit in which he claimed that Deutsche Bank was personally responsible for the 2008 economic crash, and therefore, per Trump’s lawyers, he wasn’t obligated to pay back his loan. Even further, Trump claimed Deutsche Bank owed him around $3 billion.
Duetsche Bank is only slightly concerned about any condemnation by BaFin. Their bigger concern is the likelihood that special Counsel Robert Mueller will request the transaction records as part of his investigation into Russian tampering during the 2016 Presidential Election, and what that would do to the bank’s reputation. Given their very valid concern, and their history with Trump, Deutsche Bank’s best bet is to hand all the evidence over to Mueller and his team now.