Global

Mueller's Russian Federation probe cost his office $3.2 mln in first four months

Mueller's Russian Federation probe cost his office $3.2 mln in first four months

Special counsel Robert Mueller's investigation of possible coordination between the Trump campaign and Russian Federation to influence the 2016 election cost the government about $6.7 million in Mueller's first four and a half months in office, according to a report released by the Justice Department on Tuesday.

Mueller III spent $3.2 million in the first 4½ months of his investigation into whether anyone from President Trump's team helped Russian interference with last year's presidential campaign.

A USA official with knowledge of Mueller's probe said one reason for the subpoenas was to find out whether Deutsche Bank may have sold some of Trump's mortgage or other loans to Russian state development bank VEB or other Russian banks that now are under US and European Union sanctions.

As is to be expected when he feels fussed, the President may react badly to this news, especially after having previously warned that, "if Mueller examined his family's finances beyond any relationship with Russian Federation he'd consider it "a violation", as Bloomberg recalls.

Trump, his wife, daughter Ivanka and son-in-law Jared Kushner are understood to beclients of Deutsche Bank.

Reuters news agency and a German newspaper say a subpoena has been issued by Mr Mueller and sent to the Deutsche Bank (one of the Trump Organisation's major lenders) two weeks ago demanding details on Trump's transactions.

Mueller's Russian Federation probe cost his office $3.2 mln in first four months
Mueller's Russian Federation probe cost his office $3.2 mln in first four months

Many media outlets included the denial from Trump's attorney in their reports, but the idea of his bank being subpoenaed for his financial records makes for far juicier headlines. He said that they have confirmed it with the bank itself and "other sources".

There was no immediate response to the Deutsche Bank subpoena from Trump's lawyers.

Russian Federation has denied meddling in the election and Mr Trump has said there was no collusion.

Deutsche Bank rejected demands in June by US House Democrats to provide details of Mr Trump's finances, citing privacy laws. But the fact that Mueller is looking at Deutsche Bank means his probe is reaching the very heart of Trump's financial life.

The Deutsche debts include a loan exceeding $50 million for the Old Post Office, a historic property he redeveloped in downtown Washington, mortgages worth more than $55 million on a golf course in Florida, and a $25 million-plus loan on a Trump hotel and condominium in Chicago, the disclosure shows.

Trump has done billions of dollars' worth of business with Deutsche Bank in the past 20 years; he has previously said that he would consider Mueller looking into his finances beyond any connection to the Russian Federation investigation "a violation".

More news: McMaster: Potential for war with North Korea 'increasing every day'