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.
Additionally, DBTCA had deep liabilities to the Russian government in 2013, according to the documents acquired by Forensic News. The documents show that financial entities in Russia were owed nearly $3 billion by the subsidiary in October 2013.
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. It was DBTCA’s biggest single liability to a foreign government-controlled entity. An additional liability of €2.8 million to a Gazprombank subsidiary in Switzerland brought DBTCA’s total liability to Gazprombank to more than $515 million.
In a statement, Deutsche Bank said that DBTCA’s relationship with Gazprombank was one in which the Russian state bank moved significant amounts of money into DBTCA as part of a “cash management” arrangement: “At no point has DBTCA ever received loans or a capital injection from Gazprombank or any other Russian bank,” a spokesman for Deutsche Bank said.