A Russian government-controlled bank deposited at least half a billion dollars into the American subsidiary of Deutsche Bank around the time that the bank lent Trump his most scrutinized loans, according to exclusively obtained confidential bank records.
As Trump received loans from the subsidiary, DBTCA, totaling over $360 million, Gazprombank sent $511 million in cash to DBTCA to be dispersed however the Russian bank directed.
A confidential report from Deutsche Bank Trust Company (DBTC), DBTCA’s holding company, shows that in October 2013, DBTCA owed Russian government-controlled Gazprombank over €373 million, or approximately $511 million.
The cash management relationship allowed Russian government rubles to be converted to U.S. dollars and deposited in their DBTCA account.
The revelation that the Russian government was converting billions of rubles to dollars via the same Deutsche Bank subsidiary that lent to Donald Trump adds further intrigue to President Trump’s finances and possible counterintelligence concerns.
Deutsche Bank faced prior scrutiny for a $1 billion loan (later restructured to $790 million) to VTB Bank, a bank also majority-owned by the Russian government.
DBTCA loaned Donald Trump a significant portion of the $2.5 billion total lent to him by Deutsche Bank. »