As we pointed out yesterday, the mainstream media made another glaring error in its coverage of President Trump earlier this month when Handlesblatt, a German newspaper, reported that Special Counsel Robert Mueller had subpoenaed Deutsche Bank – the country’s largest lender – for records pertaining to Trump’s finances.
Fortunately, the New York Times corrected the record when it reported that the subpoena had nothing to do with Mueller’s probe – it was actually requested by prosecutors in the Eastern District of New York who are reportedly looking into The Kushner Companies – the family business of Trump son-in-law and senior adviser Jared Kushner. However, the Times was unable to determine exactly what the probe is related too – though they ventured a guess that it could be the Kushner’s use of a controversial visa designed to encourage foreign investment in the US. The Kushner Companies are already reportedly being investigated for their use of the visa, called the EB-5, to help finance two projects in New Jersey.
As it happens, today the Wall Street Journal reported that the investigation is related to a nearly $300 million loan made one month before election day. The prosecutors who sent the subpoena are the same ones who are investigating the Kushner Co’s use of an EB-5 visa, but it’s unclear if this is part of that investigation, or a separate matter.
Federal prosecutors in New York are examining a $285 million loan that Deutsche Bank AG made one month before election day last year to the real-estate company run by the family of Jared Kushner, according to a person familiar with the matter.
Prosecutors from the Brooklyn U.S. attorney’s office issued a document request in mid-November to Kushner Cos., asking for contracts and other information pertaining to the loan from the bank, this person said.
Chris Taylor, a spokeswoman for Kushner Cos., said the company “has cooperated and will continue to cooperate with any reasonable request for information.” A spokesman for Deutsche Bank declined to comment.
A spokesman for the Brooklyn U.S. attorney’s office said he couldn’t “confirm or deny the existence of any investigation."
In October 2016, the Kushner Cos. finalized a $285 million loan from Deutsche Bank as part of a refinancing package for the purchase of a retail space in the former New York Times building in Times Square.
At the time of the transaction, Mr. Kushner was chief executive officer of Kushner Cos. and was advising the presidential campaign of his father-in-law, Donald Trump.
The investigation has nothing to do with Kushner’s recent closed-door interview with Mueller’s team, which was reportedly related to its investigation of Michael Flynn.
According to one person familiar with the probe, the Brooklyn U.S. attorney’s inquiry doesn’t appear tied to the investigation by Special Counsel Robert Mueller into Russia’s meddling in the 2016 presidential election and whether it involved collusion by people involved with the Trump campaign. Mr. Mueller’s probe has been examining Deutsche Bank’s role as a correspondent bank, The Journal has reported, in which it served as a middleman in international transactions, facilitating transfers for other banks into countries where they have limited or no operations. Deutsche Bank has said it is cooperating with inquiries.
And there you have it: Another fiction propagated by the anti-Trump media has been summarily dismissed.
- Deutsche Bank
- Donald Trump
- Donald Trump
- EB-5 visa
- Economy of the United States
- Jared Kushner
- Kushner Companies
- Michael Flynn
- New York Times
- Russian interference in the 2016 United States elections
- Special Counsel investigation
- Trump family
- United States
- Wall Street Journal