The allegations relate to the purchase of an apartment in 2013 from Bergel 715 Associates, a company in which Kushner, a Deutsche Bank customer, was a minority investor, according to a person familiar with the matter. The purchase was not disclosed to the bank and violated its internal policy.
Real estate records in New York show that Vrablic, Scalzi and a co-worker bought an apartment at Parkel 715 from Bergel 715 for $ 1.5 million that year.
Vrablic and Scalzi have worked closely together for many years since joining Deutsche Bank. Vrablic was a reliable contact with the Trump Organization and Kushner, and she took the lead in Deutsche Bank’s private banking relationship with Trump after its commercial division ceased to do business with him.
In a statement released in late December, Vrablic said: “I have decided to resign from the bank from December 31 and look forward to my retirement.”
Deutsche Bank has decided not to do business with Trump anymore, a source told CNN Business in January, a move that deprives him of a large source of loans that once helped finance his golf courses and hotels.
The Trump organization owes Deutsche Bank about $ 340 million in the coming years, the source said.
Trump has several outstanding loans from Deutsche Bank, according to financial disclosure documents he had to submit as president. Trump has borrowed ten million dollars for Trump National Doral, his golf course in South Florida. Deutsche Bank also provided loans for the Trump International Hotel and Tower in Chicago and the Trump International Hotel in Washington, which opened in 2016. The loans expire in 2023 and 2024.
– Matt Egan reported.