Paul Achleitner, the board chairman of German banking behemoth, Deutsche Bank, recently called for an internal investigation into the bank’s accounts, in an on-going effort to prevent suspicious monetary transactions. The results of that investigation were concerning.
Namely, it was discovered that Jared Kushner’s family accounts have a history of “suspicious transactions”.
Deutsche Bank has handed over evidence of these transactions to the German equivalent of the FDIC, the Federal Financial Supervisory Authority, which is referred to as BaFin. According to German magazine Manager Magazin, “Achleitner’s internal detectives were embarrassed to deliver their interim report regarding real estate tycoon Kushner to the financial regulator BaFin.
Their finding: There are indications that Donald Trump’s son-in-law or persons or companies close to him could have channeled suspicious monies through Deutsche Bank as part of their business dealings.”
Jared Kushner is President Donald Trump’s son in law and Trump’s senior White House adviser. Deutsche Bank has a long history of doing business with both Trump and Kushner. In light of these troubling findings, the bank is worried about what the evidence will do to the bank’s reputation.
More than any condemnation by BaFin, Deutsche Bank is concerned about the likelihood that special counsel Robert Mueller will request and receive the suspicious findings in his pursuit to gather any and all possible evidence in regards to Russian collusion with Trump’s campaign during the 2016 Presidential Elections.
Based on these early reports, Deutsche Bank is right to be concerned with how this impact their reputation. Hopefully, Trump and Kushner are worried about what this evidence will do to their reputations as well.