Today, in response to reports that Special Counsel Robert Mueller has subpoenaed Deutsche Bank for records relating to President Trump and his family, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, made the following statement:
“I am pleased to see reports that Special Counsel Mueller is following the Trump money trail, as I have always believed it is the key to piecing together the ties between the President, his associates, and the Kremlin. I and other Financial Services Committee Democrats have been calling on Treasury Secretary Mnuchin and Committee Republicans to help us unravel these ties, and get to the bottom of Trump’s highly unusual relationship with Deutsche Bank, but they have refused to cooperate in every case. Deutsche Bank’s unusual lending pattern to the President must be explored. I have full confidence in Mr. Mueller’s investigation.”
On Friday, Ranking Member Waters wrote to Deputy Attorney General Rod Rosenstein to request information on the status of the Department of Justice’s investigation into Deutsche Bank’s Russian mirror trading scheme, Attorney General Session’s involvement in the investigation, and whether President Trump or his family members or associates have sought to influence the investigation. In July, Ranking Member Waters wrote to Sessions to demand his immediate recusal from any Department of Justice investigation into Deutsche Bank’s Russian mirror trading scheme and any investigation into any loans Deutsche Bank provided to President Trump or his immediate family members.
In July, Ranking Member Waters and four Committee Ranking Members introduced a Resolution of Inquiry (ROI) directing the Secretary of the Treasury Steven Mnuchin to provide Congress with documents from Treasury’s Financial Crimes Enforcement Network (FinCEN) regarding the financial and business dealings of President Trump, his family members, and his associates. In addition, the Ranking Members have written a series of letters— two to Committee Chairman Jeb Hensarling, one to Deutsche Bank CEO John Cryan, one to Deutsche Bank’s external counsel, and one to Treasury Secretary Steven Mnuchin — requesting their cooperation in efforts to learn the full scope of Russian influence on this Administration. To date, none of the recipients have cooperated with these requests.