Mueller subpoenas Trump business

Mueller subpoenas Trump Organisation's Russia documents

MARKETS SNAPSHOT FOR 15/03/18

The reports from the New York Times, the Associated Press, and other media on March 15, citing sources knowledgeable about the matter, were the first to say Mueller is demanding materials directly related to Trump's businesses as part of his investigation into connections between Russian Federation and Trump's 2016 presidential campaign. Alan Futerfas, an attorney for the Trump Organization, said in a statement that Thursday's reports are "old news and our assistance and cooperation with the various investigations remains the same today".

According to a New York Times report, the special investigation led by Mueller into possible collusion between Russian Federation and Donald Trump's presidential campaign is now demanding documents related to Russian Federation.

White House press secretary Sarah Huckabee Sanders reiterated during her daily briefing that the president was cooperating with the special counsel inquiry and referred further questions to the Trump Organization.

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The president has previously declined to say whether he would fire Mueller if he did look into his finances.

The development is coming two weeks after Sam Nunberg, former aide to Trump said he would risk jail term by not complying with a subpoena served him by Mueller but later retracted his comments. The Times reported that witnesses who have been interviewed by the special counsel were asked about a "possible real estate deal in Moscow".

Mueller's action is likely to make Trump nervous.

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The Times report said the subpoena is related to records prior to Trump's run for office. In 2015, a longtime business associate of Trump's emailed Trump's lawyer, Michael Cohen, at his Trump Organization account claiming he had ties to President Vladimir Putin of Russian Federation and said building a Trump Tower in Moscow would help Trump's presidential campaign.

Republicans also concluded there was no collusion between Trump's campaign and the Russians.

It's hard to believe that Trump's business activities have been completely above board, and Mueller is empowered to pursue "any matters that arose or may arise directly from the investigation".

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Mueller is investigating Russian attempts to influence the 2016 US election, and potential collusion by Trump aides.

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