A German business magazine is reporting that Deutsche Bank, the German financial giant which is a major lender to both President Donald Trump and his son-in-law Jared Kushner, identified “suspicious transactions” related to Kushner family accounts, and has reported them to German banking regulators. The bank is reportedly willing to provide the information to special prosecutor Robert Mueller’s team of investigators.
Manager Magazin, a respected German business magazine, reported in its latest print edition, which hit German newsstands on Friday, that Paul Achleitner, chairman of Deutsche Bank’s board, had the bank conduct an internal investigation and the results were troubling. Those results have been turned over to the Federal Financial Supervisory Authority—Germany’s bank regulatory agency, which is commonly known as BaFin.
“Achleitner’s internal detectives were embarrassed to deliver their interim report regarding real estate tycoon [Jared] Kushner to the financial regulator BaFin,” the Manager Magazin article, translated from German, reports. “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.”
The magazine did not provide additional details about the “suspicious monies”, but Manager Magazin reports that Deutsche Bank’s leadership is worried about the public relations hit the bank might take when—not if—the results of the investigation are turned over to Mueller. “But what BaFin will do about [the bank’s findings] is not the bank’s greatest concern,” the article states. “Rather, it’s the noise that US special counsel Robert Mueller (73) will make in his pursuit of Trump. For he will likely obtain this information—a giant risk to [the bank’s] reputation.”
You know perhaps Donald Trump does not fully appreciate what is happening, but international banks are well aware that when a Special Counsel turns their attention your way it is time to throw up your hands and just give them every single thing they are asking for, even if you know it ain't going to make you look too good.
And keep in mind that if Deutsche Bank is dropping a dime on Kushner, they have already shared all of Trump's financial records with Robert Mueller's team of prosecutors.
Tick Tock.
Source http://ift.tt/2DtG5Gn
