House Democrats are going full speed ahead into an investigation into President Donald Trump’s businesses.
Politico reports that House Democrats are looking to probe the president’s relationship with Deutsche Bank, which has already been fined billions of dollars for facilitating Russian money laundering and which last year had its headquarters raided as part of a larger money laundering investigation.
The bank is now in Democrats’ cross hairs because for years it has been the only major bank willing to extend loans to the Trump Organization, which has raised suspicions that the president’s businesses might be vehicles for money laundering.
Rep. Maxine Waters (D-CA), for instance, said that investigating the “Trump money trail” must inevitably start with Deutsche Bank, as the Trump Organization is in debt to the bank for over $100 million.
“Last year, House Intelligence Committee Democrats outlined concerns they had about Deutsche Bank in a status report on the panel’s Russia investigation, which at that time was being run by Republicans,” Politico reports. “Among their questions: Did Trump’s financial exposure via Deutsche Bank or other loans represent a point of leverage that Russia could exploit? Did the Russian government try to court Trump and launder money through the Trump Organization?”