Robert Mueller has issued a subpoena, essential to the investigation to the Bank, it can be revealed.
Robert Mueller is an American lawyer and civil servant, the sixth Director of the Federal Bureau of Investigation from 2001 to 2013 and a Republican.
Deutsche Bank today said: “Deutsche could not hand over client information without a subpoena.”
The move could signal the probe now has a wider reach and is not only looking in to Mr Trump’s campaign and Russian officials but also the billionaire’s business dealings.
Deutsche has been a long standing lender to Mr Trump giving him millions of dollars in credit for real estate deals and other ventures despite his history of ongoing bankruptcies.
Jay Sekulow, a lawyer for Mr Trump has denied that Mr Mueller had subpoenaed any of the president’s finical records.
He told the Financial Times: “We have confirmed that the news reports that the special counsel has subpoenaed financial records relating to the president are false.
“No subpoena has been issued or received. We have confirmed this with the bank and other sources.”
However, German financial daily Handelsblatt has reported on the subpoena.
The probe in to Trump’s Russian ties began just after he took office but so far the two plea deals his prosecutors have agreed to with former Trump aides have revealed contact with Russian-linked individuals during the aftermath of the campaign.
Mr Trump was far from happy when it was suggested Mr Mueller may use his probe to investigate his New York real estate dealings. It has been discovered, however, that Mr Trump did work closely with a Russian-born fixer called Felix Sater.
Mr Sater has been tied to organised crime figures in the former Soviet Union.
Democrats have repeatedly tried to subpoena Deutsche in order to unravel its dealing with Mr Trump. Due to both houses of Congress being controlled by the Republicans, the opposite party did not posses the power to enforce this legal matter.
Maxine Waters, the Democratic congresswoman and ranking member on the House financial services committee, said: “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.”
This year has not been Deutsche’s best as it has been accused of collusion in the foreign-exchange market as well as violating the Volcker ban on proprietary trading.
The Volcker ban prevents…