Attorney General of New York opens investigation into Trump projects

The New York Attorney General's office issued subpoenas on Monday to Deutsche Bank and Investors Bank for funding of four major Trump Organization projects and failed attempts to buy Buffalo Bills from the National Football League, according to one person. informed about subpoenas.

The investigation opens a new front in the control of Deutsche Bank, one of the few lenders willing to do business with Donald J. Trump in recent years. The bank is already the subject of two Congressional investigations and was reviewed last year by New York's banking regulators, who took no action.

The new investigation, conducted by the Attorney General's Office, Letitia James, was motivated by last month's congressional testimony to Michael D. Cohen, a former lawyer and advisor to President Trump, said the person informed of these assignments to appear. Mr. Cohen testified under oath that Mr. Trump had inflated his assets in the financial statements and Mr. Cohen provided copies of the statements that he believed had been passed on to Deutsche Bank.

The investigation conducted by Ms. James' office is a civil, not a criminal investigation, although its purpose and scope are unclear. Under national law, the Attorney General has broad powers to investigate fraud and may impose a fine – or, in extreme cases, resort to the courts to try to dissolve a company that has revealed to have committed repeated illegal acts.

The request to Deutsche Bank covered loan applications, mortgages, lines of credit and other financing transactions related to the Trump International Hotel in Washington; the Doral Trump outside Miami; and the Trump International Hotel and Tower in Chicago, said the person.

The investigators also requested documents related to an unsuccessful attempt to purchase the bills, the person said. Mr. Trump presented flawless personal financial statements to Deutsche Bank in 2014 when he intended to make an offer to purchase for the team. The New York Times reported. The deal failed when the team was sold to another competitor for $ 1.4 billion.

In her victory speech on the evening of her November election, she said, "I'm going to shed light on every dark corner of her real estate transactions and every transaction, demanding the truth at every turn." The following month, before In taking office, she told NBC that "we will use all areas of law to investigate President Trump, his business transactions and those of his family."

"Will never be treated equitably by these people – a double standard of" justice "" he added on Twitter.

In Congress, the House's Intelligence Committee studied real estate transactions related to Russia and other foreign interests, including loans from Deutsche Bank to the Trump Organization.