NY AG subpoenas Deutsche Bank over Trump business dealings

NY AG subpoenas Deutsche Bank over Trump business dealings

NY AG subpoenas Deutsche Bank over Trump business dealings

This appears to be a reference to the recent news that the NY attorney general's office has issued subpoenas to two banks regarding multiple projects pursued by the Trump Organization.

During the testimony, Cohen alleged that President Donald Trump had inflated his financial assets in statements to Deutsche Bank.

The New York Attorney General's Office has opened an investigation into four major projects of the Trump Organization, the real estate and branding firm owned by President Donald Trump.

The investigation's scope is not yet known at this time, additional reporting from Bloomberg noted.

In the civil inquiry, James is seeking loan applications, mortgages, lines of credit and other financial transactions related to the Trump International Hotel in the District of Columbia, the Trump National Doral and the Trump International Hotel and Tower in Chicago.

During his testimony before Congress, former Trump fixer Michael Cohen said that Trump gave false financial statements to Deutsche Bank.

Trump's former lawyer, Michael Cohen, told Congress that Trump exaggerated his wealth on documents provided to Deutsche Bank when he was trying to buy the Bills.

CNN has reached out to the NY attorney general's office and Investors Bank.

The U.S. -based unit, which works with ultra-wealthy clients, lent Trump more than $270 million from 2012 to 2015 for his Doral golf resort outside Miami and the luxury hotel revamp of the Old Post Office Building in Washington, the Times writes. No wonder people are fleeing the State in record numbers.

Among the banks receiving subpoenas is Deutsche Bank, which has been among the very few willing to do business with Donald Trump.

Neither the NY attorney general's office nor Trump representatives were available for comment early Tuesday.

Deutsche Bank said in a statement that it remains "committed to cooperating with authorized investigations".

Deutsche Bank and Investors Bank declined comment to the Times, while the Trump Organization didn't respond to its requests for comment. He also assailed Schneiderman's temporary successor, Barbara D. Underwood, and has referred to James as "yet another AG" who "openly campaigned on a GET TRUMP agenda".

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