This American President is making doldrums for all the reasons. A recent report by Deutsche Bank employees has risen suspicion about his involvement in transactions with his son-in-law, and President Jared Kushner.
The New York Times have even reported that anti- money laundering specialist cell at Deutsche Bank reported transaction by legal entity controlled by the two be reported to federal crime watchdog.
But the Deutsche Bank executives have not paid any heed to the recommendation according to NY report. Meanwhile the President of United States, Donald Trump blamed the report as inappropriate and false. He has high regards for the bank as professional.
In today’s Tweets, Donald Trump refused of receiving any money from Russia and said he does not require bank. He said the media keeps on reporting fake news and false stories about his not using any banks because they did not want to deal with him.
According to him it is all false. The truth is that he does not need money. He added that the big story is that he made a lot of money and buys everything in cash. This is the reason he cited for not using any bank services.
The next question is from where did he get all the cash- how is he so cash rich? Is it because of Russia? He clears the doubt that he builds a great business and so does not need any bank. But if he requires, he will get it. He adds on saying that Deutsche Bank has a very professional approach and is good to do business.
But the former Bank employees told the paper that the inability on anti- money laundering experts’ recommendation chime with Deutsche Bank weakness to money laundering law.
The German bank has already been fined billions over Russian ruble laundering.
While Donald Trump has long been associated as partners with Deutsche Bank. It is believed to have lend him $2 billion with approximately hundreds of million still being owed to the bank. The report says that doubts raised by banks employees does not necessarily means there was some improper transaction.
The report in New York Times is considered important because this bank is listed as one of few big banks eager in lending money to Trump Organization in latter times. Donald Trump’s business already owes more than $300 million from the bank. It was taken to finance golf course in Florida, hotels in Washington and Chicago.
Trump has already served the bank a notice in April. This was in attempt to blocking it for handing documents to congress. Deutsche Bank has made its stand clear by saying that at no point of time was any investigator stop from increasing activities identified as doubtful.
The Trump Organization spokesperson have tried to clear the doubts that the company has no whereabouts about any flagged dealings with the Bank.
The Kushner Companies spokeswoman also supported the above by saying that any allegations in regard to Deutsche Bank and Kushner Companies involving laundering of money is false and made up.
